Blog

Vancouver Sale of Rental Property and the Principal Residence Exemption

While at dinner recently, a friend of mine, Carla, informed me that she sold her rental property and was curious about the amount of tax that she would owe on the gain. Upon further questioning, I uncovered that, in the past, my friend had lived in this rental property (a condo) for many years. She purchased a second condo a

Read More

Which Canadian Personal Income Tax Deductions are Worth The Fuss?

Which Canadian Personal Income Tax Deductions are Worth the Hassle? As spring draws near, Canadians can look forward to cherry blossoms and spring skiing.  Another event is the filing of their personal income tax returns. With all the tax deductions and credits rules in the Income Tax Act, compiling all the information for your tax accountant to complete your personal

Read More

Vancouver Hair Salons: Business and Tax Tips – Part 2

The following blog post is a continuation on my previous blog post Vancouver Hair Salons: Business and Tax Tips – Part 1. If you’d like to catch up, please take a moment to review it. Hair Salon Industry Analysis In the hair salon industry, image and trends matter. Talented Vancouver hair stylists are a must, but the industry is too

Read More