Tax News

Vancouver Tax Deductions You Don’t Want to Miss

ON February 8, 2018

A commonly held view of tax season is that it is unpleasant and stressful. Certainly, that may be the case for some people, especially if they miss deductions to which they are entitled. With more than 400 tax deductions available to Canadians, there are ample opportunities for you to save, and just as many opportunities […]

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Taking charge Of Your Tax Checklist

ON January 31, 2018

There are quite a few things to consider where taxes are concerned. Keeping track of required documents, and even simply knowing what expenses are claimable or not, can be troublesome for many. The Canadian Tax system has more than 400 different credits and deductions, making it something of a challenge to know everything you are […]

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Top Year End Tax Planning Tips

ON January 16, 2018

Tax season is on the horizon, and so as we enter a new year, we are preparing to pay for the old one. Perhaps you managed to find new ways to reduce the amount you will pay, taking advantage of all your options. But maybe you forgot, or simply didn’t know all the ways you […]

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Top Ten Canadian Tax Tips for Charitable Donations

ON January 4, 2018

Many of us like to give to charity when we can because it’s a great way to help our communities and those in need. While the purpose of giving is obviously to help the recipient, it’s worth noting that there are benefits for the giver as well (aside from just making you feel good). So […]

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Contractors Vs Employees

ON December 11, 2017

> Are you considered an employee or an independent contractor? There are implications for both, so it’s important to be sure in order to avoid any surprises come tax time if the Canadian Revenue Agency (CRA) decides that you are mistaken. Independent Contractors Are Attractive to Employers Employers see certain benefits in hiring independent contractors, […]

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Tax Tips Traps – Winter 2017

ON December 5, 2017

TAX TICKLERS BUSINESS LOSS OR PERSONAL VENTURE: Can I Deduct Losses Against Other Income? GUARANTEED INCOME SUPPLEMENT: Change in an Individual’s Circumstance CHARITY FILING AND COMPLIANCE OBLIGATIONS: The CRA Has Checklists to Help DYING WITHOUT A WILL: Who Can Manage the Deceased’s Tax Affairs? OPERATING A BUSINESS IN THE U.S.: The IRS is Targeting Smaller […]

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Tax Planning Tips: What Receipts Should I Keep?

ON November 20, 2017

When someone mentions tax planning time, it often calls to mind the vision of someone preparing their return, with papers and receipts scattered all about, while fingers fly over the numbers on a calculator. Many of us think of this time of year as stressful and disorganized, but there is no reason for it to […]

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Even Barter Transactions Are Taxable

ON November 9, 2017

When watching kids trade baseball cards on the playground, one probably doesn’t immediately think of it as a business transaction. After all, it’s a simple trade. Both children give and receive, and if one child gives away three cards to receive one that he truly desires, the trade is considered fair and equal, even if, […]

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Why You Need a Professional Accountant

ON October 18, 2017

Do you enjoy doing your taxes? Many people would respond to that question with a rather emphatic “no.” For them, taxes are complicated, confusing, and frustrating. Imagine then, what it might be like to do taxes for your small business, with so much more to account for, and you might have at least one idea […]

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Do I Need to Register My Business?

ON October 10, 2017

When starting out a new business venture, there are a great many things to consider. One such consideration is whether or not to register your business name. In most situations, you will actually be required to do so. A Legal Requirement in Most Cases In most cases, registering your business will not be an option; […]

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