Rental Income Tax Return
Reporting rental income tax returnReport rental income on tax return if, during the year, you received rental income from a real property. For personal tax return, rental income and expenses…
Government extends the Canada Emergency Wage Subsidy
The Government of Canada is taking immediate, significant and decisive action through Canada’s COVID-19 Economic Response Plan to support Canadians and protect jobs during the global COVID-19 pandemic.Government of Canada…
BC Employer Health Tax
What is BC employer health tax? The employer health tax is an annual tax on certain business in B.C. remuneration paid to employees and former employees in a calendar year…
BC Minimum Wage Increase June 2020
On June 1, 2020, Province of BC increased the minimum wage to $14.60. The hourly minimum wage is the same for adults and young people. Some professions have a separate…
Importance of financial forecasting
One of the main reasons for a small business failure is lack of planning of cash. A good forecasting mechanism increases business success chance and minimizes the failure risk. Small…
Improving Cash Flow Strategies
Cash Flow Importance Why is cash flow so important for a business? A simple answer to this question is, without proper cash management no business can survive and resultantly leads…