by James Gustafson | Jan 12, 2011 | Uncategorized
A private health services plan (PHSP) can be a great vehicle for small business owners and incorporated professionals. What is a PHSP? Simply put it is like having your own extended health plan, allowing your company to pay for and deduct your own personal medical...
by James Gustafson | Dec 30, 2010 | About, Accounting, Uncategorized
Someone asked me the other day what it was that made me want to be an accountant. It got me to thinking, and I finally said it was the relationships. I believe that to be a good accountant it is important to have strong relationships with all your clients. It is...
by James Gustafson | Dec 18, 2010 | Incorporation, Taxation, Uncategorized
If you are an incorporated professional in Victoria or an incorporated businessperson have you considered your year end tax planning with your tax advisor? Things to be considering include: optimize your dividend/salary mix from your company – consider your cash...
by James Gustafson | Dec 14, 2010 | Taxation, Uncategorized
Have you recently moved to Victoria or Oak Bay? Will you be earning income in Victoria from employment or a business? Have you moved at least 40 km closer to your new place of employment? If you answered yes to all of these questions then you may be eligible to...
by James Gustafson | Nov 25, 2010 | Taxation, Uncategorized
For many people as year end approaches so does the planning for this year’s donations. From a tax perspective donating later in the year makes sense, because it minimizes the time from when you make the donation to when you get to claim the credit on your tax...
by James Gustafson | Nov 6, 2010 | Taxation, Uncategorized
It’s starting to be that time to consider your 2010 personal tax returns. Here are some of the key changes from the 2010 Federal Budget to be on the lookout for when considering your own situation. RDSP contributions can now (effective March 4, 2010) be made via...
