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B.C. Business Income vs. Capital Gains – It’s All About Intention

Mew & Company Chartered Accountants in Vancouver provides businesses with tax advice: One of the most commonly disputed tax issues is whether a gain from a transaction is considered as business income or as a capital gain. The reason for this dispute is due to the tax implications of each type of gain we’re talking about. If a gain is

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How Should Vancouver-based Business Owners Go About Paying Themselves?

Tax Tip for Business Owners Here is a good tax tip that greatly benefits young entrepreneurs and businesses trying to survive the effects of the current recession: If you are the owner of an incorporated business, there are two ways to pay yourself – wages and dividends. Why are dividends the better way to pay yourself? Most of us are

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