CPA Port Moody | Burnaby Small business Financial | Personal Tax Accou...

When to incorporate your BC business
As small businesses grow and develop, the owner(s) will start to contemplate incorporating their business. They have heard about the benefits or doing such a thing but may have many questions before they begin.
The first question is always this: what does it mean to incorporate a business? At its simplest, incorporating a business means that you are creating a separate and distinct legal entity. Before incorporation, a business is a possession, like a piece...

Financial planning for new parents
Becoming a new parent is an exciting and stressful time for anyone. With a new baby in the house, there are so many changes and adjustments that need to be made to the daily routine and it may seem overwhelming. Getting through one day at a time becomes...

Tax considerations for e-commerce business owners
E-commerce businesses are becoming more and more popular with every year and many Canadians have deciding to forego the brick-and-mortar business plan for one that allows them to stay at home and online. But there may be tax considerations to think about...

A TSFA account (Tax-free Savings Account) is a government-sponsored investment account that was introduced in 2009 as a way to encourage Canadians to save for their retirements. For many people, a TSFA is a simple, little bank account where you can store...