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Incorporate Your Medical Practice in Vancouver

In my previous articles, the benefits of incorporating a business have been discussed at length. The tax advantages for corporations are substantial enough that some taxpayers structure the financial relationship with their “vendors” so that they are deemed self-employed, thus qualifying to operate as a corporation earning active business income. This allows the corporation to deduct expenses otherwise not deductible

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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

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Vancouver Hair Salons: Business and Tax Tips – Part 1

I am noticing the proliferation of hair salons in the Downtown Vancouver area and I can’t help but think that they are in for a challenging time. Retail commercial rent is sky high, escalating real estate price and cost of living in general has reduced the city’s discretionary income pool, and as a consequence Vancouverites are relocating to the more

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