Regular

Talking with entrepreneurs at our monthly seminars with Small Business BC (TaxSense For Your Business), one of the most common areas of confusion is GST. Here, we share some of the key questions that business owners ask.

Last year, for the first time in our firm’s history, we launched a creative ad campaign. We’ve had a lot of fun with it and it’s generated quite a bit of interest — both in our BC business community and online. Creativity and accounting seldom go together, but in this instance it worked.

We’re pleased to announce the addition of Audit Shield, a new service that helps protect clients from unexpected tax audit bills.

No one likes to hear that the Canadian Revenue Agency (CRA) is auditing their taxes. However CRA is now using powerful data-matching capabilities, which means that even compliant and correctly prepared filings can be selected for scrutiny. As a result, the number of enquiries, investigations and audits have increased for Canadian taxpayers.

The Canada Revenue Agency (CRA) is cracking down on taxpayer’s principal residence exemption claims for the sale of their Canadian real estate. Though reporting requirements have long been in place, before the 2016 tax year they largely went unenforced.