Firstly, welcome to Canada and beautiful British Columbia! Each Canadian immigrant, also known as a newcomer, has unique challenges to overcome before they permanently relocate and reside in Canada. Some of these new challenges can be confusing, especially if it’s...
8 Fun Facts About Accounting And Accountants You Didn’t Know
Accountants are a crucial part of running a business, but let’s be real, it’s never necessarily been an industry associated with ‘excitement’ and ‘fun’. There are, however, a few fun facts that you might be surprised to learn. Here are eight fun facts that you...
New Trust Reporting Rules for T3 Filing Requirement
Under the current rules, a trust resident in Canada is generally not required to file an annual T3 income tax return unless the tax is payable by the trust for the year or the trust disposes of capital property. Under the new tax rules, for tax year December 31, 2022,...
MORE THAN A CPA – FAMOUS PEOPLE YOU NEVER KNEW WERE ACCOUNTANTS
When you speak of accountants, the temptation is often irresistible to think of someone in a three-piece suit, seated behind an office desk, in an air-conditioned room, punching furiously at the keyboard, reconciling accounts, and spending the whole day sorting out...
Announcement of the BC Recovery Benefit
Provincial Government Announces Application Process for the BC Recovery Benefit December 16, 2020 On Tuesday, December 8th the provincial government announced the finalized details of the BC Recovery Benefit. This benefit is a one-time, tax free payment of up to...
Announcement of the Canadian Emergency Rent Subsidy
Federal Government Announces CERS: A New, Targeted Support To Help Businesses Through The Pandemic November 30, 2020 The recently introduced Canada Emergency Rent Subsidy (CERS) will provide rent and mortgage support to small Canadian businesses who have seen a drop...
CEWS 2.0: The Federal Government’s Revisions to the CEWS Program
CEWS 2.0: The Federal Government's Revisions to the CEWS Program August 20, 2020 The Federal government has recently announced changes to the Canada Emergency Wage Subsidy (CEWS). The revised program, or 'CEWS 2.0' as they are calling it, has a number of changes: Some...
Canada’s COVID-19 Programs: Business Loans Criteria Expansion & New Rent Assistance Program
Canada's COVID-19 Programs: Business Loans Criteria Expansion & New Rent Assistance Program May 21, 2020 In an effort to widen the support to include more small businesses during the COVID-19 crisis, the federal government has recently announced an expansion to...
COVID-19: CRA & BC Updates for the week of March 30, 2020
COVID-19: CRA & BC Updates for the week of March 30, 2020 Last updated: April 1, 2020 Over the course of this week, Prime Minister Justin Trudeau will be announcing more details of the Canada Emergency Wage Subsidy program along with other updates. We will be...
CRA Economic Response Plan
COVID-19 Update: CRA Economic Response Plan March 19, 2020 Yesterday morning, Prime Minister Trudeau announced the federal government is prepared to spend $27 billion on direct financial help and will provide businesses with $55 billion in liquidity, mainly through...