Today: Wednesday, June 20, 2018, 11:16 pm (PST)

  • Corporate tax rates across Canada in 2018

    Tax Question: What are the corporate income tax rates for active business income across Canada in 2018? Facts: The table below outlines the Canadian corporate income tax rates for each ...

  • Grant  Gilmour

    Can tax really be avoided?

    Question: What do they mean when they say avoid tax? Can it really be avoided or is tax just a zero sum game like accounting? Facts: The Income Tax Act ...

  • Replacement property rules

    Tax Question: What are the replacement property rules for taxation? Facts: In the normal course of business, a corporation may sell a property and purchase a replacement property. There are ...

  • Dave Sran, BBA Hons, CPA, CGA

    Change in the use of real estate

    Tax Question: What is the tax treatment for change in use of real estate? Facts: In real estate, it is common to change the use of property from income producing ...

  • Disposition of Real Estate

    Tax Question: What are the tax rules for disposition of property related to real estate? Facts: A disposition of property can be categorized as business income or as a capital ...

  • Angela Hardbattle

    Qualifying non-resident employee

    Tax Question: If I am a qualifying non-resident employer, how do I know if an employee is a qualifying non-resident employee? Facts: If you are a certified qualifying non-resident employer, ...

  • canada revenue agency

    Stiff Penalty for Missed Tax Deadline

    By Junita Thakorlal Vancouver: For millions of Canadians, the tax return deadline is a sad reminder of the hustle and grind in an increasingly complicated income tax system which Prime ...

  • Last-minute tax-filing tips

    Vancouver: The deadline to file your 2017 tax return is April 30, 2018. If you or your spouse or common-law partner are self-employed, you have until June 15 to file ...

  • Dave Sran, BBA Hons, CPA, CGA

    Capital cost allowance for real estate

    Tax Question: What tax issues arise with capital cost allowance related to real estate? Facts: Capital cost allowance (CCA) is the tax term in Canada for the deduction of amortization ...

  • Dave Sran, BBA Hons, CPA, CGA

    Tax treatment of leasehold improvements

    Tax Question: What is the tax treatment of leasehold improvements related to real estate? Facts: In real estate, property and building leases are common signed agreements between two corporations. Leasehold ...

  • Angela Hardbattle

    Qualifying non-resident employer

    Tax Question: What is a qualifying non-resident employer and how do I apply to become certified as one? Facts: A qualifying non-resident employer can be certified and thus will have ...

  • Grant  Gilmour

    Accounting is a zero-sum game

    Question: What does it mean to “balance the books”?  Facts: The double entry bookkeeping system we have used for years for accounting requires that the books “balance”. What that means ...

  • Dave Sran, BBA Hons, CPA, CGA

    Capitalization of development cost

    Tax Question: What costs are capitalized during the development phase? Facts: During the development phase or period of construction, there are many costs that are incurred. The majority of these ...

  • CPA_EN_hor_plur_3L_RGB

    Three tax tips for new homeowners in B.C.

    Vancouver: Owning your own home is an exciting time, but the complications it causes in your tax return can dampen that excitement. The Chartered Professional Accountants of British Columbia (CPABC) ...

  • Angela Hardbattle

    Corporate entry into Canada

    Tax Question: If my corporation enters Canada, are there any tax consequences? Facts: A company is considered to have immigrated to Canada if the corporation’s central management and control has ...

  • Grant  Gilmour

    Formula for tax success

    Question: What is the formula for tax success? Facts: The Income Tax Act (ITA) is a lot like those word problems we all remember from grade school math. The word ...

  • Dave Sran, BBA Hons, CPA, CGA

    Real Estate expenses during pre-acquisition

    Tax Question: What are common real estate expenses during the pre-acquisition phase? Facts: There are various real estate expenditures that are deductible to the corporation and others that are capitalized ...

  • Dave Sran, BBA Hons, CPA, CGA

    Inventory value of real estate

    Tax Question: What is the tax treatment of inventory valuation related to real estate? Facts: In real estate, once a property is being developed or held for resale it will ...

  • cybersecurity

    Simple cybersecurity holes in Law firm security

    Law firms are no longer dodging cyber-attacks. While they once considered themselves to be immune, cyber-criminals attacks are, in fact, increasing the number of attacks against law firms. In an ...

  • Angela Hardbattle

    No activity in Canada

    Tax Question: My non-resident company has no activity in Canada. Do I still need to file a Canadian corporate tax return? Facts: Non-resident corporations that have no activity in Canada ...

  • Dave Sran, BBA Hons, CPA, CGA

    Ownership structures in real estate

    Tax Question: What are common types of ownership structures in real estate? Facts: The common types of ownership structures in real estate are owned as an individual, in a corporation, ...

  • Diane Sawyer

    Sales tax rates across Canada in 2018

    Tax Question: What are the sales tax rates across Canada in 2018?  Facts: The table below outlines the GST/HST and provincial/territorial sales tax rates for each province and territory as ...