Tax Tips - Cloutier Matthews CPA | Courtenay, Comox, BC

Personal Service Business Corporation – What you need to know from an income tax perspective

January 11, 2016
Donna Cloutier

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…

After The HST

November 3, 2014
Donna Cloutier

With the defeat of the harmonized sales tax (HST), British Columbia may suffer a loss in its competitiveness unless the Provincial Government makes some which would allow businesses to innovate, expand and upgrade.

Pension Income Splitting Opportunities

November 3, 2014
Summer Matthews

Here is something to consider when reviewing or preparing your personal income tax returns. Taxpayers are able to split up to 50% of qualifying pension income with their spouse or common law partner. There is no age restriction for the partner who will be reporting their share of the split pension. However, in order to develop a tax efficient strategy, you may have to consider some interesting new outcomes and potential pitfalls and traps.