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What is a change in use election?

What is a change in use election?

If you’ve either started or stopped renting out your home in the 2021 tax year, you’ll likely need to file a change in use election along with your tax returns this year. This might sound a bit daunting, especially if you’ve never dealt with one before. But, it’s...

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NEW Paid Sick Leave in BC for 2022

NEW Paid Sick Leave in BC for 2022

Effective January 1, 2022, employers are required to provide eligible employees with up to 5 days of paid sick leave per year if they need to stay home because they are sick or injured. Employees are also entitled to 3 days of unpaid sick leave.

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3 ways bookkeeping has changed in a pandemic

3 ways bookkeeping has changed in a pandemic

For people who run their own businesses, or manage a team, there are new considerations to take into account, and this can leave you scrabbling for time when it comes to doing your own bookkeeping. For added reassurance, you might look to hire a bookkeeping professional to keep on top of these new changes, challenges, and opportunities.

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Land Owner Transparency Registry

Land Owner Transparency Registry

The Province of British Columbia introduced the Land Owner Transparency Act (“LOTA”) in May 2019 in the hopes of uncovering hidden ownership in real estate as a means to crack down on tax fraud, money laundering and close tax loopholes.

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