Detailed Service Category: Bookkeeping, Payroll & Indirect Tax Reporting

GST Rules for Clinics: Staying Compliant as a Healthcare Provider

Female healthcare professional smiling during a consultation at a modern clinic.

If you run a healthcare clinic in B.C., it’s important to understand how GST applies to your services. Many providers assume all their offerings are GST-exempt, but that’s not always the case—especially for multidisciplinary and wellness-focused clinics. Services like cosmetic Botox, vitamin injections, or nutritional supplements may be taxable even… Read more

I Filed My Taxes—Now What? 5 Things to Do After Tax Season

Person organizing a stack of colour-coded documents after tax season.

You’ve gathered the paperwork, signed the forms, and filed your return. Tax season is (finally) behind you. So… now what? While it’s tempting to toss everything in a drawer and forget about it until next year, there are a few key things you can do post-filing that’ll save you time,… Read more

Financial Tips for Emerging Artists: Top 10 FAQs Answered By Our Entertainment Team

Close-up of a musician playing an acoustic guitar, representing the financial journey of emerging artists.

Navigating the financial side of an artistic career can be overwhelming, especially for those just starting out. DMCL’s Entertainment & Business Management team—Partners Donna Branston and Christina Chi—recently sat down with us to address some of the most common questions they hear from emerging artists. Here’s what they had to… Read more

Business on the Go: Essential Apps and Tools for Real Estate Professionals

A close-up shot of a professionally-dressed woman using a smartphone. In the bottom right foreground of the image, a laptop sits on a desk.

In the fast-paced world of real estate, staying organized and efficient is crucial. With the right apps and software, you can streamline your workflow, manage your finances, and maintain excellent client relationships, all while on the move. Here are a few of our app and tool suggestions for busy real… Read more

It Pays to be Punctual: 3 Big Reasons to be Timely With Your Business’s Taxes

A concerned businessman reviewing financial documents on his laptop, emphasizing the urgency of meeting tax deadlines.

When it comes to your business’s taxes, there’s no such thing as being fashionably late. Failing to file your taxes on time carries serious penalties, and the interest rates on late and unpaid tax and/or installment payments are the highest they’ve been in over a decade. With the deadline for… Read more

Deals on Wheels: Is B.C.’s New E-Bike Rebate Too Good to be True?

A man walks a brand new electric bicycle up a mountain path with a valley and forests in the background. Individual tax accounting.

On May 25, 2023, the Government of B.C. announced a new incentive program to encourage British Columbians to adopt an increasingly popular sustainable transportation option: Electric Bicycles (e-bikes). The new BC Electric Bike Rebate Program launched on June 1, 2023, to unprecedented demand from those looking to get their hands… Read more

Sun, Snow, and the CRA: Taxes & Regulations for Vacation Rental Owners

"Two Adirondack chairs on a serene lakeside dock, hinting at the peaceful escape of vacation rentals and the importance of understanding rental taxes and regulations.

Welcome to the wild world of vacation rentals, also known as short-term rentals (STRs), where you can turn your spare property into an income-generating machine almost overnight. While hosting a vacation rental may seem like an easy way to bolster your passive income, when it comes to taxes and regulations,… Read more

CRA Strike: Impacts & Updates

Canada flag waving in the win in front of a government office building in Ottawa

[MAY 4, 2023 UPDATE]: Last night, the Canada Revenue Agency (CRA) reached a 4-year tentative agreement with the Public Service Alliance of Canada – Union of Taxation Employees (PSAC-UTE). Upon ratification, this agreement will apply to approximately 39,000 PSAC-UTE employees working at the CRA. Employees represented by PSAC-UTE will return… Read more

When is a Gift Not a Gift? Updates to the CRA’s Policies on Employee Gifts and Awards

A smiling employee opening a wrapped gift with a red ribbon at their office desk, symbolizing workplace gift-giving.

UPDATE (December 8, 2024): This article has been updated to reflect changes in legislation, regulations, and accounting practices since the original date of publication (December 1, 2022). At this time of the year, you’ll likely be racking your brain for the perfect gifts to spoil those close to you, who… Read more

Tax Season Prep: What Kind of Business Records to Keep, and How Long to Keep Them

A close-up shot of a businessman's hands looking through a file cabinet containing countless colourful file folders and documents.

UPDATE (November 8, 2024): This article has been updated to reflect changes in legislation, regulations, and accounting practices since the date of publication (September 9, 2022). As we enter the final stretch of the year, you might be starting to look ahead to tax season and making sure your business… Read more