With the curve flattening in BC, I am going to practice optimism and leap back to the future to discuss tax planning for BC individuals and small businesses for the 2020 year end. Operating loss utilization There will be businesses with operating losses for this fiscal year. Losses can be carried back three years whether you are proprietor or an
Canada is now into its 4th week of lockdown due to the Covid-19 pandemic and Vancouver small businesses are suffering as a result. Even businesses that are marginally impacted are suffering as well due to lack of staffing, delayed delivery, having to adapt to working remotely, etc. Right now, the uncertainty is high. We are not sure at all how
BC is now three weeks into the social distancing protocol. It is becoming more obvious that the distancing will go on for another month if not longer. With this acknowledgement, the financial cost of this pandemic will reach financial crisis level when said and done. I am already reading about long existing local brands closing their doors just three weeks
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)
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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