Blog
Proposed Tax Changes for Canadian Private Corporations
By now you have read and heard of a large volume of information related to the Federal Government’s proposed legislation to tax individuals and their small business corporations. We have provided a summary below. RHN has studied the proposals. The proposed changes are...
Proposed tax changes and their potential impact on Canadian private corporations
Canadian private corporations, including many small businesses and Personal Professional Corporations, are familiar with the current taxation rules which have been unchanged for decades. However, as announced by the Canadian federal Finance Minister, Bill Morneau, on...
The Canada Revenue Agency is moving its web presence to Canada.ca
In 2013, as part of its commitment to better serve citizens and businesses, the Government of Canada launched the Web Renewal Initiative (WRI) to make its online information and services easier to find and use through a single, user-centric website - Canada.ca. The...
Beware of fake CRA email scams – update
Scammers are making their fraudulent messages more difficult to spot these days. One of our own staff members recently received an email that looked convincingly like a legitimate email from the Canada Revenue Agency (CRA). Here is how we spotted the warning signs....
Meet RHN CPA at the CPABC’s CareerConnect Employer Showcase on June 21, 2017
Come to RHN's booth at CPABC's CareerConnect Employer Showcase on Wednesday, June 21, 2017 and chat with our representatives about potential career opportunities and what it is like to work for our Firm! Bring your resume with you as we are seeking talent for multiple...
RHN’s partner, Cheryl Wood, is running for CPABC Board position
The CPABC AGM is coming and there is a large group of members vying for 5 seats. In the tradition of RHN service to the profession (we have two past provincial chairs and a past National chair), one of our partners, Cheryl Wood, is running for the board. We need to...
Why you may need or want to set up a trust in your estate
Working with our clients to protect their assets and minimize income tax and probate fees is very much a part of our comprehensive approach to planning. As Chartered Professional Accountants, we encourage our clients to look beyond their annual income tax filing needs...
Which Year-end Engagement is Right for Your Strata?
Which Type of Year-end Engagement is Right for Your Strata? "Audit", "Review", "Notice to Readers". These are potentially confusing terminology for the layman Strata Council member. Before you allocate budget to next year's Professional Fees, read this article by...
Physicians, avoid double taxation of your Doctors of BC Negotiated Benefits!
Written by Ray Lam, CIA, CPA, CGA Doctors of BC has negotiated a number of benefits with the Government of BC to assist with the cost of practicing as a physician and preparing for retirement. These benefits include: • Canadian Medical Protective Association (CMPA)...
Tax Slip Amendment from Brookfield Infrastructure Partners LP Units
UPDATE April 3, 2017: We have now had a an update from Brookfield that there may not necessarily be an amended slip coming. If the change is less than $50, an amended slip will not be issued. If you do not receive an amended slip by April 7, you can assume that you...
Statement of Investment Income (T5) Slips May be Affected for Vancity Joint Account Holders
Are you a Vancity Credit Union Joint Account holder? In late 2016, Vancity made changes to their banking system whereby Membership Shares in a joint account were redeemed and re-issued to each individual members previously named on the joint Membership Shares account....
2017 Canadian Federal Budget – What You Need To Know
The 2017 Canadian federal budget was tabled on Wednesday, March 22 by Fused on "attempted efficiencies, closed tax loopholes, steady deficits, and a touch of caution." We provide the following commentary to highlight key areas of interest. Contact your trusted...