Saturday, July 22, 2017

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...

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...

Mike de Jong Calls on CRA to Investigate Tax-Dodgers

Recently, The Globe and Mail began an investigation into tax loopholes and “lax oversight” which allow both foreign and local real estate speculators to...

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....

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)...

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...