Blog
The Truth About Write-Offs: What You Can and Can’t Claim
When it comes to business expenses, the line between what you can write-off and what you can’t isn’t always clear. For sole proprietors, small business owners, and entrepreneurs, understanding what qualifies as a legitimate tax deduction under Canadian law is...
Strategic Accounting: The Value of Advisory Services for Your Business
In today’s dynamic business environment, the role of an accountant has evolved far beyond compliance and number crunching. Canadian entrepreneurs and business leaders are increasingly turning to strategic advisory services to navigate economic uncertainty, seize...
Family-Owned Businesses: Succession Planning 101
Family-owned businesses are the backbone of Canada's economy, yet many face the daunting challenge of ensuring their legacy endures across generations. The good news? With proactive planning, families can navigate this transition successfully and with confidence. Why...
How to Use the Compound Interest Calculator (Canadian)
How interest is calculated can greatly affect your savings. The more often interest is compounded—or added to your account—the more you earn over time. The Compound Interest Calculator on the RHN CPA website lets you compare yearly, quarterly, monthly, and daily...
The CRA’s Online Mail Transition: What Your Business Needs to Know
The Canada Revenue Agency (CRA) is changing the way it communicates with businesses—and it’s happening fast. Starting in May and June 2025, online mail will become the default method for most business correspondence from the CRA. This means important documents,...
Top Deductions and Credits for Canadian Small Business Owners
As a small business owner in Canada, managing your finances and minimizing tax liabilities is crucial to ensuring profitability and sustainable growth. Here’s a breakdown of the top deductions and credits available to Canadian small business owners, along with tips to...
When Should a Small Business Hire an Accountant?
Running a small business in British Columbia comes with many responsibilities, and managing finances is one of the most critical. While many entrepreneurs start out handling their own bookkeeping and taxes, there comes a point where hiring an accountant can save time,...
How Self-Employed Individuals Can Stay on Track This Tax Season
Tax season is an important time for self-employed individuals in Canada. Staying on top of key deadlines can help you avoid penalties, reduce stress, and ensure compliance with the Canada Revenue Agency (CRA). See our guide below to important tax deadlines, and...
How to Pay Off Debt on a Budget
Debt can feel like an overwhelming burden, but with the right strategies in place, you can pay off debt while sticking to a manageable budget. If you're determined to eliminate your debt, making a solid plan and committing to it will help you get back on track. Here...
Everything You Need to Know About the BC Home Flipping Tax
As the real estate market continues to shift in British Columbia, the provincial government has introduced a new measure called the BC Home Flipping Tax. As of January 1, 2025, the BC flipping tax will apply to individuals who sell a residential property within 730...
Tax Tips for Freelancers: How to Stay on Top of Your Taxes
As a freelancer or self-employed worker, your income, expenses, and tax filing requirements are often different from those of employees. Understanding your tax obligations is crucial to ensuring that you’re making the most of your freelance career. Whether you're just...
Working at RHN Kelowna: Teamwork Meets Professional Growth
Ever wonder what working at RHN Kelowna is really like? Let's take a look at what a day in the life of a team member looks like! Our office is on the 6th floor of 1620 Dickson Avenue in the Kelowna Landmark District. We have a dedicated team of accountants who love...