Saturday, July 22, 2017

Is your corporation at risk of being deemed a personal services business (PSB) by...

If your corporation is deemed to be a personal services business (PSB) your corporation is no longer eligible for the small business deduction (SBD)...

How to File Late Corporate Tax Returns?

Question Hi I started a contracting company in 2012 and incorporated in 2013. The company has become relatively successful however I’ve neglected to file tax returns...

Family Income Splitting for Doctors – A Significant Income Tax Saving Strategy

Our physician clients are some of the higher paid professionals in BC. Some making well over $500,000 per year. At these income levels average...

Disclosing Offshore Investment Accounts to CRA – Don’t Let CRA Find Them First.

I met with a client a few weeks ago that needed some advice on whether or not to disclose his Swiss offshore investment accounts....

New CRA Phone Scams Threaten False Legal Action

Canadian citizens have been victimized by a number of phone-scammers portraying themselves to be the Canada Revenue Agency, but the latest scam has arguably...

Starting a Business in Vancouver, Need Some Advice on an Appropriate Structure

Question Hi Phil I’m starting an application and gaming company with 2 close friends of mine in Vancouver. We’ve been told on multiple occasions that going...