Watch your inbox, your mail box and your online accounts for end of year reporting statements from investments and all your T Slips

As a small business owner, you may be asking yourself: “Do I need to submit a T5 slip?”

It is getting to that time of year once again and the deadline for contributing to your RRSP is fast approaching.

It is getting to that time of year once again and the deadline for contributing to your RRSP is fast approaching.

Have you applied for your BC Recovery Benefit yet? If not, we can help you.

The Canada Emergency Rent Subsidy (CERS) for Commercial Renters will provide for a subsidy for businesses, charities, and non-profit organizations that have suffered a revenue drop due to COVID-19.

Like all investment and tax-planning strategies, borrowing money from your RRSP to put together a down payment on a first home or to finance post-secondary education has both upsides and potential downsides.

The Canada Emergency Wage Subsidy (CEWS) program has seen a number of changes since the program was first announced in March 2020.

Whether starting a business, running a business, investing, tax planning, estate planning and everything in between, it is important to find an accountant that you can connect and feel confident with. It will be the best investment you make.

Our clients often ask us if hiring a sub-contractor makes more sense than hiring an employee. There are a number of considerations to this question: relative costs of an employee vs. a sub-contractor, legal obligations to each, as well as what are the facts of the relationship.

2020 has been a difficult year for most of us. The closure of international borders and social distancing to curb the spread of COVID-19 has had a devastating effect on the world’s economies. Many Canadians have lost their jobs or have seen their businesses contract due to the pandemic.

How often do you leave a meeting with your accountant feeling more confused than before you started? This reminds me of the joke What is the definition of “accountant”? Someone who solves a problem you didn’t know you had in a way you don’t understand. In all seriousness, as a business owner it is helpful to know the basic accounting terminology to understand your annual financial statements.