News & Updates

News & Updates
30 September 2016
You have hired an employee but what do you need to know?

Employer Responsibilities As an employer, you are required to deduct and remit CPP, EI, and income tax for each employee…

4 July 2016
Are you required to file T5018 Statement of Contract Payments with CRA?

In the construction industry, any payments made to subcontractors must be reported on a T5018 Statement of Contract Payments. This…

3 February 2016
CRA’s Annual Letter Campaign

CRA will soon be conducting the 7th annual letter campaign. These campaigns are meant for the taxpayer to review their return…

12 January 2016
SR&ED Tax Credits, Are You Missing Out?

SR&ED Tax Credits   The Scientific Research and Experimental Development (SR&ED) Program is designed to encourage businesses in all fields…

9 December 2015
To Incorporate or Not to Incorporate?

An issue faced by many new business owners is if they should incorporate their operations. This can be very complex…

30 November 2015
B.C. Training and Education Savings Grant

The B.C. Government is willing to contribute $1,200 to eligible children through the B.C. Training and Education Savings Grant (BCTESG)…

8 November 2015
Capital Gains Exemption

Many individuals believe that the lifetime capital gains exemption ($800,000 of capital gains deduction) can be simply claimed when they…

5 November 2015
CRA Scams

There has been an increase in the number of scams in which people claim to be from Canada Revenue Agency (CRA). These…

31 October 2015
GST Instalments

When your GST net tax owing is over $3,000 for the year, you are required to make quarterly instalments the…

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