Taxation on Cryptocurrencies
As you know, it is time to start preparing for the filing of your 2021 personal income tax returns. For some of you, this tax season may look different for one specific reason: cryptocurrencies. Given that cryptocurrency adoption increased exponentially over the last year, we wanted to reach out to those of you with cryptocurrency […]
B.C. PST Rebate on Select Machinery and Equipment
In March of 2021, the B.C. provincial government announced the B.C. PST Rebate on Select Machinery and Equipment program (PST rebate program). The temporary rebate program was introduced to help corporations recover from the financial impacts of COVID-19. The PST rebate program allows you to recover the PST paid on the purchase or lease payments, […]
2021 T4 Income Tax and CPP Remittance
In the course of preparing the 2021 financial statements for your organization, you may recall that it was necessary to declare management salaries in addition to any salaries or wages you may have paid to regular employees. If you have not made any payroll remittances for 2021 for your management salaries, please contact Ryan Lore […]
2021 T3 Trust Tax Returns
What’s New with Trusts in 2021? For 2021 and subsequent tax years, Budget 2018 proposed a new reporting obligation that requires express trusts to report the identity of all trustees, beneficiaries, and settlors of the trust. These changes are being made to improve the collection of ownership information to help Canada Revenue Agency assess the […]
Land Owner Transparency Act
In May 2019 the BC provincial government passed the Land Owner Transparency Act (LOTA), which created the Land Owner Transparency Registry. This registry records the beneficial landowner of all real estate interest in British Columbia. A beneficial landowner is an individual or entity who owns or controls real estate indirectly, such as through a corporation, […]
CSRS 4200: Impacts of a New Compilation Standard
A change to CPA standards will soon impact on the scope of work we do for many of you. This change, which has been years in the making, updates the rules for preparing and presenting certain types of financial statements. The goal is to make “Notice to Reader” style financial statements more meaningful – both […]
National Day for Truth and Reconciliation
Our office will be closed on Thursday September 30, 2021 in support of National Truth and Reconciliation Day. We will reopen on Friday October 1, 2021.
CERS: The New Subsidy for Renters AND Owners
We aren’t the first to say this, but things sure are changing fast these days! Back in August (which feels like years ago now!), we wrote about Canada’s covid-related subsidies in a newsletter titled “CEWS in the News”. Since then, every single subsidy we covered has been tweaked, extended, updated, or otherwise nixed Today’s newsletter […]
Introducing “Portal”
With winter fast approaching and 2020 almost in the rear-view mirror (finally!), we here at Lohn Caulder are marking the changing season with a big change of our own. We are very excited to announce the launch our new cloud document platform, simply called “PORTAL”. Over the next few weeks, we will be creating a […]
Insights from Experts: U.S. Tax & Property Strategies
Our very own U.S. Tax Manager, Scott Larson, was featured on Insights from Experts on the topic of U.S. Tax & Property Strategies! Check out his informative interview conducted by Shane McMahon, CIM, CFP from OceanFront Wealth Management.
