Blog
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.
TARGETED COVID 19 SUBSIDIES
Throughout the pandemic, the Government of Canada has rolled out several subsidy programs aimed to provide financial support to businesses. These subsidies and programs expired on October 23, 2021
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.
National Day for Truth and Reconciliation.
September 30th has been recognized by the Canadian federal government as the National Day for Truth and Reconciliation, a new federal statutory holiday to recognize and reflect on the tragic history and ongoing legacy of residential schools.
Help with financial books keeps not-for-profit groups focused on what matters
NPOs are provincially and federally incorporated, which means they are obligated to file a corporate tax return and not-for-profit disclosure
It’s time to keep an eye out for T Slips!
Watch your inbox, your mail box and your online accounts for end of year reporting statements from investments and all your T Slips
T5 – Return of Investment Income
As a small business owner, you may be asking yourself: “Do I need to submit a T5 slip?”
Registered Retirement Savings Plan (RRSP) the tax advantage “future you” will be happy about!
It is getting to that time of year once again and the deadline for contributing to your RRSP is fast approaching.
RRSPs – Check your Contribution Limits
It is getting to that time of year once again and the deadline for contributing to your RRSP is fast approaching.
BC Recovery Benefit
Have you applied for your BC Recovery Benefit yet? If not, we can help you.
New Canada Emergency Rent Subsidy (CERS) for Tenants and Owners of Commercial Property
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.
Using your RRSP before Retirement
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.