Blog
Year-end tax tips for small businesses in BC
As the end of the year approaches, small business owners in BC need to prepare for tax season. Proper planning and timely action can reduce your tax liability and set your business up for a successful new year. RHN is here to help with some essential year-end tax...
Beyond the Desk: How Audit Trips Shape Top-Notch Accountants
Discover how audit trips for accountants help develop skills, earn practical hours, and explore unique destinations like Watson Lake, Yukon. At RHN, we believe hands-on experience is essential for developing top-notch accountants. That’s why we organize audit trips...
Tips to Build a Holiday Budget That Works
The holidays can be a stressful time of year, from planning trips, visiting family, shopping and hosting. One of the last things you want to deal with on top of all that is spending more money than you thought you would or incurring debt. That’s why RHN strongly...
Money On Your Mind: November is Financial Literacy Month
RHN Chartered Professional Accountants is excited to celebrate the 14th annual Financial Literacy Month this November. This is a dedicated time to help Canadians enhance their financial resilience and overall money management skills. The Financial Consumer Agency of...
End of the Year Tax Planning: Strategies for Your Personal Tax Preparation
As the year draws to a close, it's time to get your finances in order ahead of tax season. RHN can help you make the most of this time of year, and there are a few things you can do to be prepared. 1. Review Income and Deductions The first step in preparing for...
What is a Capital Dividend Account (CDA)?
Let's talk about the Capital Dividend Account (CDA) and why it’s such a big deal for Canadian business owners. What’s a Capital Dividend Account (CDA)? A CDA is a special account that keeps track of certain tax-free surpluses the company builds up over time. These...
Understanding the Tuition Tax Credit in Canada
As students across Canada gear up for another academic year, taxes are probably the last thing on your mind, but being prepared will mean savings in the future. Post-secondary expenses can quickly add up, however, there’s a silver lining for students (and their...
Setting up an online CRA My Business Account through the Represent a Client service
A Must-Have for Canadian Non-Profits and Charities! There are many benefits to moving your CRA relationship to the online My Business Account or “MyBA.” If you’re a non-profit organization or charity, making the switch will be important if you want to receive timely...
More Than Meets the Eye: A Look Inside First Nations and NPO Audits with RHN Manager Christine Zhu
When most people hear the word “audit,” they think about compliance. RHN Manager Christine Zhu thinks first about service. “We know that auditors sometimes get a bad reputation,” says Christine. “That’s why our team focuses on building relationships based on trust and...
RHN Director & CPA Aiken Luu Helps New Entrepreneurs Pursue Their Dreams
RHN Director Aiken Luu works with businesses in a range of industries, but many of them have one thing in common: they are new entrepreneurs ready to pursue a dream. “I really love working with people who are just starting out,” says Aiken. “They are passionate about...
Highlights of RHN’s tax season initiatives
RHN CPA is taking a moment to shine a light on some of the great initiatives we took this tax season to keep morale high. We’d also like to take this chance to recognize a few highs from the past few months. Recognition for outstanding contributions Miranda Cook,...
Making Next Year’s Taxes Easier Starts Now
Tax season is finally wrapping up and if you’re a last minute filer (a 2019 survey suggested that many Canadians are), you’re likely breathing a sigh of relief. Filing at the last minute can be stressful, and it’s likely that there are a number of factors that...