When Are My 2019 Income Taxes Really Due?

The week of March 16, 2020 will be forever remembered by all Canadians.  For many of us, whatever Spring Break trip planned along with everything else entertainment was cancelled that week. 2019 Incomes Taxes Due Date Extended For accountants who file taxes for a living, we were provided specific deadlines by Ottawa.  All personal and information returns were extended to

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Vancouver Tax Planning Post Covid-19 Lockdown for Canadians

With the curve flattening in BC, I am going to practice optimism and leap back to the future to discuss tax planning for BC individuals and small businesses for the 2020 year end. Operating loss utilization There will be businesses with operating losses for this fiscal year. Losses can be carried back three years whether you are proprietor or an

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Federal and BC Government Response to the COVID-19 Crisis – For Canadian Small Businesses

It is March 28, 2020 today.  At the end of this week, BC government and Ottawa came up with some huge assistance for small businesses which I will cover here.   I expect their response to only grow as time goes on and I will keep you abreast on new matters. First, Ottawa response and the official link is below.

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