29 04, 2021

Business Taxes in 2021

By |2021-04-29T21:45:37+00:00April 29th, 2021|resource, Tip of The Month|0 Comments

This year, 2021, will be an unpredictable year for the economy in Canada due to the ongoing pandemic, the limited vaccine supply, and the varying approaches to economic recovery on both provincial and federal levels. Here are some changes to Canadian Business Taxes you can expect in 2021.

Extensions and Deferrals

Currently no official extensions of Corporate […]

8 04, 2021

When Should I File my Corporate Income Taxes in BC?

By |2021-04-08T19:19:33+00:00April 8th, 2021|resource, Tip of The Month|0 Comments

The end of the year is fast approaching and that means that tax season will be starting up shortly after the new year begins. With a new tax year on the horizon, when is the best time to file your corporate income tax?

Ordinarily corporate income tax is due no later than 6 months following the […]

28 03, 2021

Do I Have to Pay a Penalty If I File My Taxes Late?

By |2021-04-08T19:19:08+00:00March 28th, 2021|resource, Tip of The Month|0 Comments

If you have not yet paid your taxes for this year, or a previous year, it’s getting to the point where it is likely going to be costing you a lot of extra money. Now, if you don’t owe the CRA anything, you have a bit of a grace period to file your taxes without […]

29 10, 2020

What Is Involved in a Forensic Audit of a Charity?

By |2020-11-06T21:28:10+00:00October 29th, 2020|resource, Tip of The Month|0 Comments

With charity-scandals so often grabbing the headlines as of late, many people are wondering what measures are used to keep charitable organizations from being misused or abused. Each year, the Canada Revenue Agency audits approximately one percent of registered charities. This may take the form of a field audit at the charity’s location, or an […]

23 03, 2020

What Can I Deduct From my Rental Income?

By |2020-07-06T16:23:54+00:00March 23rd, 2020|resource, Tip of The Month|0 Comments

In Canada, in every province there are many things that be deducted from your rental income for tax purposes.

Here is a brief list of things you can deduct followed by a few things you can’t deduct.

What You Can Deduct

1. Interest on your mortgage

If your rental property has a mortgage, you can’t deduct the principal you’re […]

26 08, 2016

Planning Ahead for Retirement

By |2019-11-14T04:54:48+00:00August 26th, 2016|Tip of The Month|0 Comments

planning for retirementIt’s never too early to start planning for retirement. Transitioning from working to retirement takes careful planning and preparation. Planning ahead for your future will enable you to take control and feel at ease knowing that you are working towards an […]

4 11, 2012

Five Basic Steps to Financial Success

By |2019-11-14T04:54:48+00:00November 4th, 2012|resource, Tip of The Month|0 Comments

We all dream of riches – or at least of financial security. Yet what most of us do not realize is that our goals are well within our reach – if we are willing to follow the basic tenets of financial responsibility to get there. The following five steps are basic, easy rules by which […]