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The Costly Consequences of Pretending To Be An Incorporated Consultant

Lilly November 4, 2014

Canadian corporations enjoy a 13.5% corporate tax rate on the first $500,000 of taxable income from active business due to the small business deduction. Therefore, it makes sense for a corporation to structure its business affairs in ways that can take full advantage of this favourable tax rate. The majority of Canadian businesses qualify for the above benefit. However, some

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Tax Planning Tips for IT Consultants

Lilly October 20, 2014

Are you one of the many IT professionals currently working in the booming tech sector in the Vancouver area? You may be paying too many unnecessary taxes! Here are some helpful tips, courtesy of your Vancouver Chartered Accountants at Mew and Company: Determine if you are in fact self-employed under CRA’s definition. The RC4110 guide from CRA is written for

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No Taxable Income, No Rush to File – Think Again About Information Returns

Lilly September 23, 2014

Mew & Company, Vancouver Corporate Tax Accountants  Penalties for Filing Late with the Canada Revenue Agency Sophisticated Canadian small corporations have good knowledge of the tax filing requirements and deadlines for their corporate tax return. Corporate tax returns are due six months after the business year end. The penalty for late filing is based on the amount of taxes owing

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MEW and COMPANY
Chartered Professional Accountants 

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) 

We are your Vancouver Accounting Firm

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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