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The Rental Property – Personal or Corporate Ownership?

Lilly May 16, 2016

Should rental properties be held personally or in a corporation? With the real estate in such high demand in Vancouver, Canada, many Vancouverites are buying investment properties either to generate rental income and/or participate in capital appreciation. The dilemma commonly faced is whether or not the rental unit(s) should be held personally or in a corporation? Personal ownership makes more

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How to Avoid or Navigate Through a CRA Audit

Lilly January 29, 2016

Self-prepared returns are easy targets It is no secret that the Canadian government and the CRA have recently been finding new ways to raise revenue. In recent years, the CRA has devoted more resources towards identifying common filing errors in order to reassess additional taxes, interest and penalties to taxpayers. Statistically, the CRA is aware that tax returns prepared by

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More Reasons for BC Businesses to Incorporate

Lilly August 7, 2015

Small business corporate tax rates in BC heading downwards Several changes to tax legislation announced in the 2015 Canadian federal budget were recently granted Royal Assent. A measure that is highly relevant for small businesses in BC going forward is the gradual decrease in the combined federal and provincial corporate tax rates over the next 4 years, which are as follows:

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MEW and COMPANY
Chartered Professional Accountants 

Suite 418–788 Beatty St. Vancouver, BC V6B 2M1
Tel: 604 688 9198 | Fax: 604 688 9192 

Suite 418–788 Beatty St. 
Vancouver, BC V6B 2M1
Tel:604 688 9198
Fax: 604 688 9192 

Lilly Woo, CPA, CA, CFE, CFP (ext. 1)
Richard Mew, CPA, CA, CFP (ext. 2) 

We are your Vancouver Accounting Firm

For everything from consultation to a comprehensive corporate tax plan, call us, we’re here to help. Whether you’re an incorporated Canadian business or a Canadian individual, whether you need financial statements or a comprehensive tax and estate plan, we know how to work within the current Canadian tax laws to minimize your tax burden and maximize your net worth 

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