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Vancouver Sale of Rental Property and the Principal Residence Exemption

While at dinner recently, a friend of mine, Carla, informed me that she sold her rental property and was curious about the amount of tax that she would owe on the gain. Upon further questioning, I uncovered that, in the past, my friend had lived in this rental property (a condo) for many years. She purchased a second condo a

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Guidance for Vancouver Small Businesses Using QBO

Using QBO – QuickBooks Online More small-business owners are migrating from desktop accounting software to a cloud-based system. Cloud-based accounting software, such as QBO, allows the user access anywhere in the world. This ease of access, combined with the ability to download transactions from banks, vendors, credit card companies, etc., makes bookkeeping so straightforward now, pundits claim, that small businesses

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Checklist for IT Professionals Considering Incorporation

Tax Benefits for IT Consultants? Major city centers in British Columbia are experiencing a high tech boom, resulting in many IT specialists and engineers converging in the province to offer their highly demanded skills to the highest bidder. The nature of the IT industry is very project-driven, producing vibrant short-term work opportunities for skilled and highly specialized professionals. Because of

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