By Wayne Karl TAXES… HEY, PAY ATTENTION. Try not to yawn or fall asleep. Taxes are not the most exciting topic, but they’re important nonetheless. We’ve simplified the matter with our list of 2016 tax hacks, for which we enlisted the help of our resident tax expert George Dube, CPA and CA, of BDO Canada. 1. DEADLINES, DEADLINES Filing: This...[ read more ]
By George E. Dube I am often asked the question: "Why should I buy real estate if I'm already in a high tax bracket?" At the risk of sounding like a smart aleck - why the heck not? Yes, if you're in a higher tax bracket you will pay more taxes than someone who earns less. But, surely you don't...[ read more ]
By Cameron McNeill, Owner of MAC Marketing Solutions April 1st, 2013 marked the official switch back to GST/PST away from HST. For most industries, the change is immediate and you should have already seen a difference in your bills and receipts. For new housing however, it is a bit more complicated and can be confusing. Here are the basics: If you are...[ read more ]
By Cameron McNeill The B.C. First-Time New Home Buyers’ Bonus helps make owning your first home a little more affordable. If you’re a first-time homebuyer in the market for a newly built or substantially renovated home, you can get up to $10,000 back from the B.C. government through a onetime income tax credit. But you will have to act fast; this bonus is only applicable on eligible new home purchases...[ read more ]
By Jenn Killins They say two things in life are certain: death and taxes. How we are going to die and how much tax we pay are both grey areas and for the most part, out of our control. But let’s leave the grim reaper in the graveyard for now. Believe it or not, I have some good news on the tax front! No, I’m not running...[ read more ]
