It’s recruiting season and you’re about to begin the whirlwind tour of accounting firms pining for your attention with socials, swag and promises of a bright future. It’s a lot of pressure in a short amount of time, and it’s no wonder students are often left pondering which firm is the best choice. Like dating, […]
Tax Considerations When Purchasing Canadian Real Estate
If you are buying Canadian real estate it is important to know whether the seller is a “resident” of Canada or not. If the seller is a non-resident of Canada, you may be required to make a withholding from the payment of the purchase price to the seller, and to remit the amount withheld to […]
Why Borrowing Money From Your Company Is A Risky Proposition
There are three basic ways that an owner-manager can draw funds from their company: Payment of wages/salary, Payment of dividends, and Repayment of loans previously advanced to the company. However, many owner-managers have found that a fourth way to draw funds from their company is to simply borrow money from the company. This seems like […]
Cloud-Based Accounting
Today’s accounting department should be a lean mean operating machine. How, you ask? By moving to the 21st century; integrating and automating processes and using cloud-based applications. Accounting departments have gone from paper ledgers to computerized activities and can now move to automation. Such a move needs to be carefully planned and executed to ensure […]
Updated Tax Rate Cards for 2021
Here are our updated tax rate cards to account for the 2021 BC Budget. In these, you will find 2020/2021 corporate tax rates and 2020 / 2021 BC individual tax rates. Please contact your DMCL advisor in case of any questions.
