Property Tax Assessment Factors: Have you been wondering why your property tax is so high in these years? Well, in British Columbia property tax is calculated based off some key factors and we’ve broken it down below. There are 4 key factors in assessing your property tax and they are based on services available in […]
Rental Income: Deductible Expenses Have you received government COVID-19 assistance for rental income or expenses such as the CEWS (Canada Emergency Wage Subsidy)? Make sure to include the amounts in your rental income or expenses. We’ve also broken down the list of deductible expenses that you can claim against your rental income so keep reading […]
Automobile Deductions in 2022: On December 23, 2021 – the Department of Finance Canada announced some changes to the automobile income tax deduction limits as well as expense benefit rates that apply in 2022. Here’s a breakdown of the changes to limits and rates which were effective as of January 1, 2022: The Capital Cost […]
Did you know that you may be eligible for the GST/HST New Housing Rebate offered by the Canadian government? This allows you to recover some of the GST or the federal portion of the HST paid for the house or renovation as long as it’s a primary place of residence. Corporations or partnerships are not […]
There’s only 2 weeks left before the RRSP Deadlines so if you were planning on making any contributions, please let us know so that we can help you