The past year, I have noticed quite a few more requests from CRA to review medical expenses, donation receipts, and HST returns filed. The best thing for a business owner being audited is that they have been honest with their tax affairs. The second best thing is for the business owner to have a competent professional Vancouver accountant to assist
“The difference between death and taxes is that death doesn’t get worse every time Congress meets.” –Will Rogers. Will Rogers hit the right chord with his quote. All taxpayers will agree that there is nothing worse than continuously paying an amount of earnings and hard-earned income as taxes to the government, without ever seeing the end of it. The percentage
Running your own canadian company has many tax perks. This includes many write-offs, low corporate tax rates for the Canadian controlled private corporations (“CCPC”), and the income splitting opportunities. One of the biggest and least discussed tax breaks is the lifetime capital gains deduction that is available when a shareholder of a CCPC is ready to sell his shares of
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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