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Tax Structure When Buying an Incorporated Business

A very quiet and painful spring 2020 comes to an end in BC.  As the BC economy reopens pieces at a time, the impact of the Vancouver covid-19 pandemic lockdown on different sectors of the economy will become more evident. For young or mature business owners, this past spring was a time of inner reflection.  There was plenty time for

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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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The Evolution of CEBA the Past 10 Weeks For Canadian Small Businesses

CEBA is short for the Canada Emergency Bank Account or is better known as the interest free $40,000 bank loan provided by Ottawa for small businesses due to the Covid lockdown.  CEBA Funds To Help Small Businesses During Covid-19 CEBA was one of many measures Ottawa provided early on during the Covid lockdown to help Canadian small businesses with operating

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