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Essential Tax Planning Strategies for Canadian Businesses and Individuals Strategic tax planning can result in significant savings for businesses and individuals. Understanding and implementing the right strategies helps you minimize tax liability legally while avoiding costly mistakes. Tax Planning vs. Tax Preparation Tax Preparation: Reactive filing of last year’s return Tax Planning: Proactive year-round strategies…

SR&ED Tax Credits Explained: How Vancouver Tech and Manufacturing Companies Can Claim R&D Incentives The SR&ED program is Canada’s most generous tax incentive for R&D, yet many Vancouver businesses never claim it. If you’re developing products, improving processes, or solving technical challenges, you could receive significant tax refunds—up to 35% of R&D costs. What is…

Employee Benefits and Perks: Tax Implications for Vancouver Business Owners in 2025 Attracting top talent in Vancouver requires more than salary. Strategic employee benefits can differentiate your business—but tax treatment varies dramatically. Understanding which benefits are tax-free vs taxable can save thousands for both employer and employee. Strategic Benefits = Better Talent Retention Vancouver businesses…

Cryptocurrency Taxation in Canada: A Complete Guide for Vancouver Investors and Businesses As Bitcoin, Ethereum, and other digital assets gain adoption, Canadian tax authorities have established clear rules for reporting crypto transactions. Understanding your tax obligations is essential for compliance and avoiding costly penalties. Crypto Capital Gains Calculator Calculate your Canadian crypto tax liability instantly…

If you list on Airbnb or similar platforms in Vancouver (entire homes, suites, or rooms), taxes can be complex. This guide clarifies when GST, PST, and income reporting apply—plus how to stay compliant and optimize deductions. Focus: Airbnb tax Vancouver (GST/PST & T776) On this page: Overview: Taxes affecting Airbnb hosts GST: When it applies…

Short on time but still want to stay compliant? The GST/HST Quick Method lets eligible small businesses in British Columbia simplify filings by remitting a CRA-set percentage of taxable sales instead of tracking input tax credits (ITCs) on most expenses. This article explains who qualifies, how it works, the calculation steps, and when to stick…

Choosing how to pay yourself—salary, dividends, or a deliberate mix—affects your tax bill, CPP eligibility, RRSP room, mortgage approvals, cash flow, and even succession plans. This Vancouver-focused guide helps owner-managers evaluate options and build a repeatable pay policy for 2025. Book a tax planning session See Tax Planning Services Related reading: Vancouver’s Business Tax Landscape…

BC PST for Contractors and Trades: When You Must Charge and When You Pay Provincial Sales Tax (PST) in British Columbia often creates confusion for contractors and trades professionals. Unlike GST, which applies broadly across Canada, PST has its own unique rules. Knowing when to charge PST to clients and when you are required to…

For Vancouver small businesses, understanding British Columbia’s Provincial Sales Tax (PST) is critical to staying compliant and avoiding costly penalties. Whether you are registering for PST, filing returns, or claiming exemptions, knowing the rules ensures smooth business operations. In this guide, we’ll cover what you need to know about PST registration in BC, how filing…

When to Outsource Bookkeeping vs Hiring In-House Managing accurate and timely financial records is a cornerstone of business success. As your small business in Vancouver grows, you may wonder whether to outsource bookkeeping or hire an in-house accountant. Both approaches offer unique advantages, and the right choice depends on your business goals, budget, and compliance…