Blog

Checklist for IT Professionals Considering Incorporation

Tax Benefits for IT Consultants? Major city centers in British Columbia are experiencing a high tech boom, resulting in many IT specialists and engineers converging in the province to offer their highly demanded skills to the highest bidder. The nature of the IT industry is very project-driven, producing vibrant short-term work opportunities for skilled and highly specialized professionals. Because of

Read More

Year End Checklist for Corporations and Shareholders

2016 Checklist for Corporations & Shareholders Year End Taxes As the calendar year-end approaches, taxpayers have a few more weeks to organize their financial affairs. All financial transactions affecting the 2016 tax year will have a December 31, 2016 cutoff, with the exception of the RRSP contributions, which allow for an extra 60 days after year-end for contributions that will count

Read More

New Tax Reporting Rules For Principal Residence Sales

New Real Estate Tax Reporting Rules in Canada Canadian Tax advisors have always known that the principal residence capital gains tax exemption rules are much more complex than the general public can grasp. Until recently, there have been no reporting requirements on fully tax-exempted gain on the sale of a principal residence which only distorted the taxpayer’s sense of ease

Read More