Year end Donation time – Be careful with donation schemes
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...
2010 Personal Tax Tips
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...
Tax Planning for Professionals – Is an RRSP necessary?
With current low corporate tax rates some professionals are opting to forego taking money out of their company to place into an RRSP and are instead...
Four Advantages of Using A Company for Your Business
Greater Cash Flows to Buy Assets or pay debt Currently, a Canadian owned small private company in BC pays significantly lower taxes then an...
Buying a Business? Consider these issues.
Buying a business can be an exciting time. You've found something you believe will be a good investment and generate positive cash flow for years...
What is this term in the Canadian Income Tax Act called “income”?
As a Canadian taxpayer we are all aware we should be taxed on our "income". But do we know exactly what income is? A closer review of the Income Tax...
Estate tips for British Columbians
This blog will consider some common estate planning scenarios as food for thought. Every person's wishes and situation are different, and there are...
Can you explain the Canada Revenue Agency Voluntary Disclosure Program?
The Voluntary Disclosure Program is run by CRA to allow taxpayers to report additional unreported income from prior years or to correct overstated...
How do I decide between dividends and salary from my company?
This blog will discuss some of the typical decision making processes that you should consider when discussing with your accountant the most...