US Taxation of Canadian E-Commerce: Two Different Approaches, Two Different Results

The internet has changed how business is conducted, especially in a cross-border context. The ease and relatively inexpensive access to the internet, the emergence of social media sites such as YouTube, and the proliferation of company websites that operate as virtual storefronts, has created business opportunities where none existed before

You have until March 31, 2018 to take advantage of CRA’s historically low 1% prescribed rate to save taxes

Owner-managers of companies who operate a business or who own investments such as real estate or a stock portfolio in a private corporation may now be reluctant to split income from their corporations by paying dividends to adult family members because such dividends may now be subject to the highest marginal tax rate under the […]

2018 Federal Budget Insights

The Federal Government’s 2018 Budget touts Canada’s strong economic growth over the past two years, including real GDP growth of 3.2 per cent since the second quarter of 2016, an unemployment rate of 5.9 per cent, and significant improvements in average weekly earnings, consumer confidence, and household consumption.

Are you ready for BC’s new Societies Act?

The new Societies Act became effective November 28, 2016. Not-for-profit organizations (NFPOs) formed under the old Society Act were given two years to transition to the new Societies Act. Effected BC NFPOs must transition to the new Societies Act and to a new online filing system called “Societies Online” by November 28, 2018.

Four Key Benefits of Moving to the Cloud

Keeping proper books has long been considered a challenge for business owners. Many struggle to do it themselves or they may hire someone to do it for them and lose touch with the financial health of their company.  At DMCL, our experienced Cloud Accounting group uses cloud-based software to work collaboratively with our clients to […]