Tax Considerations for Back to School

Tax Considerations for Back to School

Many post-secondary students heading back to school this September are either experiencing physical distancing in classrooms, libraries, and labs, or are taking their courses online. Tax considerations for back to school such as students that are able to continue to live at home while studying, online studies could save them rent and transportation fees, reducing…

Tax Planning for Your Retirement

Tax Planning for Your Retirement

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…

Spreading Christmas Cheer

Spreading Cheer During the Holiday Season

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.…

Small Business Tax Returns

Small Business Tax Returns

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…