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Federal and BC Government Response to the COVID-19 Crisis – For Canadian Small Businesses

Lilly March 30, 2020

It is March 28, 2020 today.  At the end of this week, BC government and Ottawa came up with some huge assistance for small businesses which I will cover here.   I expect their response to only grow as time goes on and I will keep you abreast on new matters. First, Ottawa response and the official link is below. https://www.canada.ca/en/department-finance/economic-response-plan/covid19-businesses.html#wage_subsidies

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A Busy Summer for the CRA Auditors

Lilly September 13, 2019

Vancouver enjoyed excellent weather during the 2019 summer months without smoke to block the sunrays. CRA Audits Vancouver Businesses While the taxpayers were busy vacationing, the CRA was very busy sending out tax review letters to many businesses. Based on my own experience and conversations with colleagues, a massive fishing expedition was underway this spring and summer.  Many businesses are

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Time to Reconsider Remuneration Method for CCPC Shareholders

Lilly May 10, 2019

During the summer of 2017, CCPC shareholders and tax advisors across Canada were surprised with by the announcement of new tax rules and restrictions that were being planned by the Minister of Finance.  Basically, Ottawa felt that the existing rules at the time were too generous for the CCPC shareholders and intended to scale the “tax perks” down considerably. Almost

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Suite 418–788 Beatty St. Vancouver, BC V6B 2M1
Tel: 604 688 9198 | Fax: 604 688 9192 

Suite 418–788 Beatty St. 
Vancouver, BC V6B 2M1
Tel:604 688 9198
Fax: 604 688 9192 

Lilly Woo, CPA, CA, CFE, CFP (ext. 1)
Richard Mew, CPA, CA, CFP (ext. 2) 

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For everything from consultation to a comprehensive corporate tax plan, call us, we’re here to help. Whether you’re an incorporated Canadian business or a Canadian individual, whether you need financial statements or a comprehensive tax and estate plan, we know how to work within the current Canadian tax laws to minimize your tax burden and maximize your net worth 

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