2020 Firm Leadership Announcements

We are excited to announce Fraser Ross, CPA, CA as the new DMCL Office Managing Partner, effective January 1st, 2020 Fraser has been a partner in our Private Enterprise group since 1999. He provides accounting, assurance, taxation and business advisory services to owner-managed businesses, not-for-profit organizations and individuals. Fraser also specializes in providing audit, review […]

Personal Income Tax Installments

Taxpayer’s earning employment income generally have income tax withheld from each paycheque by their employer.  In most cases, the total withheld over the course of a calendar year is fairly close to the taxpayer’s income tax payable for that year, such that the taxpayer has a small refund or balance owing. However, where the income […]

Changes to the BC Speculation and Vacancy Tax

Some good news – the BC government announced extensions to some temporary exemptions to the BC Speculation and Vacancy Tax (the “Spec Tax”) tax.  They also provided some clarity on other exemptions. What is the Spec Tax again?  It is a BC tax* that started in 2018 as part of BC’s housing affordability strategy to […]