2016 Personal Tax Filing Season
Welcome to the 2016 Personal Tax Filing Season! It’s time again to file your personal tax returns. The deadline keeps changing – this year, those returns must be filed with the Canada Revenue Agency by no later than Monday May 2, 2016. We’d like to deliver the finished product as quickly and efficiently as possible […]
Are you a non-resident who owns a rental property in Canada?
If you are a non-resident with a Canadian rental property here is a guide of your tax filing obligations, important due dates and other issues you should be aware of. Tax Filing Obligations The tenant or property manager has an obligation to withhold non-resident tax at a rate of 25% on the gross rental income […]
Snowbirds Need to Watch Their Number of Days in the U.S.
Global warming is still a theory to many Canadians, stuck as they are for many months in the snow and cold. So, the attractions of much warmer weather in the Southern United States remains a major draw for those “snowbirds”. Immigration and visa requirements are fairly relaxed for snowbirds, but there are tax issues that could cause […]
Submitting Your Personal Tax Information to the ‘Cloud’
Readers will recall that in January we announced a new “cloud”-based service, which allows clients to submit their bookkeeping data to a secure site on the Internet. That facilitates the transfer of large electronic data files very easily. Already many clients have used this system, and we’re receiving very positive feedback about it. Thus encouraged, […]
Opting out of CPP Premiums
We have noted that more and more of our clients are working well past what would normally be considered “retirement age”. Of course, economic need is often the motivation. But we know, in most cases, that’s not the reason – most of these individuals can afford to retire, now. They simply don’t want to. Without […]
Introducing the Lohn Caulder Cloud
The term “cloud” is used these days to refer to places on the Internet where data relevant to you or your business is stored. As computerization has spread throughout our lives, and become much more portable, much of our important information can be vulnerable to accident or theft. As the capacity of the Internet increases, […]
LC Bookkeeping
We at Lohn Caulder are very excited about our newest corporate addition: LC Bookkeeping Inc. Check out its website at www.lcbookkeeping.com LC exists because we’ve been listening to our clients – and know that there’s a big demand out there for quality bookkeeping services. Until recently, our standard service delivery model hasn’t completely fit the needs […]
Tax-Free Savings Accounts Get Another Boost
The TFSA may turn out to be the greatest gift ever given to the Canadian taxpayer. All it needed to do was grow up. And that, it’s rapidly doing. The program began humbly enough in 2009, allowing all Canadians age 18 or over the opportunity to contribute $5,000 per year (non-deductible). Now, recognizing the inflation […]
IRS Streamlined Filing Procedure for U.S. Citizens Living Abroad
During the summer of 2011 there was a significant amount of media attention directed towards the IRS’ Offshore Voluntary Disclosure Initiative (OVDI). This brought to light the fact that there is a staggering number of U.S. citizens, living in Canada, that are not up to date with their U.S. filing obligations (all U.S. citizens must […]
BC Provincial Sales Tax Returns: Onward into the Past
As readers will be well aware, the HST is being scrapped, and we are bringing back the provincial sales tax on April Fool’s Day, 2013. We thought it might be entertaining, and hopefully even useful, to review the history of this whole escapade, and its players . . . First, Some Sales Tax History: BC’s former […]
