Canwest Accounting has been steadily working on and filing clients’ tax returns while maintaining social distancing measures since mid-March. Like most businesses, COVID-19 business planning is underway at Canwest Accounting around what the “new normal” will be once more restrictions are lifted. We know from Provincial Health Officer Dr. Bonnie Henry that we won’t be…
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Canwest Accounting has received several calls from business owners with questions about some of the federal government subsidies and aid programs available during the unprecedented COVID-19 crisis. “We know this is a tough time for businesses and individuals who are wondering how they’ll come up with their next rent or mortgage payment, and how…
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April 30, the final day for filing your personal income tax, is coming up quickly. That date also marks when self-employed individuals need to pay any tax owing for 2019, otherwise; interest will be accrued after April 30. That said, self-employed individuals technically have until June 15 to file their income tax forms but be…
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With the March 2, 2020 deadline looming as the final day to invest in your Registered Retirement Savings Plan (RRSP) for the 2019 tax year, it’s wise to set up an appointment with your accountant to do some tax planning. Sharlane Bailey, Owner of Canwest Accounting with offices in Victoria and Langford, says she and…
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Earlier this month we entered a new decade with an accompanying set of ambitious resolutions, which for many business owners include achieving a better work-life balance while also taking your business to the next level. Those two goals may seem mutually exclusive, but Canwest Accounting owner Sharlane Bailey begs to differ. “For so many business…
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For many of us, holiday parties fill our calendars in December, as many companies choose to gather staff, clients and business associates together to celebrate before the year ends. Since we always want to put our best foot forward, we have pulled together 10 tips for attending these holiday parties. If you drink, do not…
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November, following Remembrance Day, usually features kicking off the holiday season. To avoid scheduling conflicts in December, a lot of workplaces plan their annual Christmas or “holiday” party for the end of November. For many organizations, spreading cheer during the holiday season extends beyond parties and staff bonuses to include client gifts and charitable giving.…
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With increasing concerns about rising fuel prices and climate change/global warming, interest in electric vehicles is at an all-time high, as people consider less expensive options for fueling their vehicles and releasing less carbon dioxide (CO2) into the atmosphere. Popular options range from plug-in hybrids to fully electric vehicles, both of which can be charged…
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One of the most common questions answered by the friendly, professional bookkeepers and accountants at Canwest Accounting comes from individuals with small businesses asking how to file their business taxes. This depends greatly on whether the person is considered a sole proprietor of the business or if the business is incorporated. If incorporated, then there…
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Being accepted to the University of Victoria, Royal Roads University or Camosun College is just one step toward studying in Victoria. As September approaches, out-of-town college and university students are usually out of luck if they haven’t already found a place to rent in Victoria by the BC Day long weekend. With the demand for…
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