Tax Implications of Bitcoin

Tax Implications of Bitcoin

Anyone who pays attention to the news will probably have heard of Bitcoin, and its recent meteoric rise in value. In January 2011, the trading value of the virtual currency or “cryptocurrency” was as little as $.30 per unit. By mid-December last year, it reached nearly $20,000 per unit! “Investors should be aware that in…

Starting A New Business

Planning to Start Your Own Business?

At the beginning of a new year, many people re-evaluate their goals and gauge where they’re at in their lives. For some, starting a new business may be something they’re planning to pursue this year. Sharlane Bailey, Owner of Canwest Accounting, has met with a few people recently who are exploring launching their own business.…

Tax Deductions for Small Businesses

Tax Deductions for Small Businesses

The end of the calendar year also marks the end of many small businesses’ fiscal year – and that signals filing a tax return in April. For small businesses, many of the tax deductions are obvious in terms of hydro, rent, internet, advertising, vehicle leases, etc., but some may not be as obvious. Sharlane Bailey,…