pro-accounting

Strategies for Shielding Canadian-Owned U.S. Assets From U.S. Estate Tax

Review when Canadians may face the U.S. estate tax on their U.S. assets. Find out how to calculate a credit that helps your clients avoid this tax. Read about strategies that can help your clients shield their assets from the estate tax when the credit expires or the exemption threshold changes.

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pro-accounting

Profits Up in Smoke? Challenges in Applying IFRS to Canada’s New Cannabis Industry

Look at how the International Financial Reporting Standards affect the cannabis industry. Learn how the biological assets rule may make cannabis companies look more profitable than they really are, and review what investors need to do when making decisions about whether to buy cannabis-related stocks.

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pro-taxes

Accounting Tip: Defer Capital Gains With the Capital Gain Reserve

Learn how the capital gains reserve works. Look at an example to see how the reserve helps to reduce your client's tax liability in the year of the sale, and find out how to claim the reserve on your client's tax return. Compare the capital gains reserve to the capital gains lifetime exemption.

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pro-taxes

Understanding British Columbia’s Tax Benefits for Families With Children

Look at British Columbia's benefits for families with children. Review how these benefits can help your clients, and get tips on helping your clients apply for these programs. Learn about the low-income climate action tax credit, the early childhood tax benefit, and the reductions in child care fees effective in 2018.

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pro-taxes

Claiming Tax Credits in Nova Scotia to Reduce Poverty

Read about Nova Scotia's programs for low- and modest-income taxpayers. Learn what you and your clients need to do to access the child benefit, the age credit, and the poverty reduction credit. Review the importance of filing a tax return for your low-income clients, even when they aren't required to submit a return.

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pro-taxes

What You Need to Know About Airbnb’s Agreement to Collect Taxes in British Columbia

Read about British Columbia's 2018 agreement with Airbnb. Find out why the site is going to assess and collect provincial and local sales tax on its rentals. Review the rates and see how the province plans to spend the tax revenue it collects. Learn what your clients need to know about this change to provincial taxes.

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business

Which Canadian Province Has the Most Businesses?

Look at how many businesses Canada has. Compare the number of independent contractors to businesses with employees. Learn about the country's top industries. Find out about some of the details collected by Statistics Canada, and review examples for how to incorporate that research into your business planning.

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pro-accounting

What Do You Know About Gift Card Accounting?

Check out how to account for gift cards when you do double-entry bookkeeping. Learn how to note gift card sales and redemption in your client's books. Review some provincial and federal gift card rules, and find out what happens when your clients give gift cards to their employees as bonuses or gifts.

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