Ferry costs can certainly add up, especially when it’s your daily mode of transportation. But when can you claim them on your personal income tax return? If you use public transit, which includes BC Ferries, you may be able to…
Family trusts are utilized in many succession planning opportunities. They can be versatile and effective in reaching your goals of managing family wealth and minimizing taxes. But there are very special considerations that need attention if the family trust has…
If you sell taxable goods or supply taxable services you must register for GST once your sales exceed $30,000 in any four quarter period. The Canada Revenue Agency will deem you or your company to be registered if your income…
It has become quite common for professionals and knowledge workers to set up their own corporation to perform services to one or more corporations. Being incorporated has many advantages: access to the small business deduction and the related low income…