by Chris Hammond | Jul 18, 2022 | News
Best of the WestShore It’s time to vote for WestShore Businesses and declare your favourite! VOTE TODAY Attention everyone in Colwood, Langford, Highlands, View Royal And Metchosin areas, it is your time to vote. It’s your community get your voice heard....
by Padgett Accounting | Jul 12, 2022 | News
GST/HST on Settling a Business Dispute If you own or manage a business, you occasionally end up in disputes with customers or suppliers over the terms of a contract or payment. Sometimes these disputes are referred to lawyers, and sometimes they end up in court....
by Padgett Accounting | Jun 20, 2022 | News
When Paying Family Members When paying family members you need to decide as to whether a salary should be paid to a family member, or more specifically to one’s spouse, numerous questions arise. On one side, there is the question of the risk involved that the salary...
by Padgett Accounting | Apr 19, 2022 | News
Cryptocurrency Taxation Cryptocurrency is a type of alternative currency, such as Bitcoin, but it is not considered money or currency (“legal tender”). It is a digital asset that works as a medium of exchange for goods and services between the parties who agree to use...
by Padgett Accounting | Apr 5, 2022 | News
2022 Automobile Deduction Limits and Expense Benefit Rates For 2023 limits read here The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes has increased from $30 000 to $34 000 (plus applicable federal and provincial sales...
by Padgett Accounting | Mar 16, 2022 | News
Loaning Money to Your Adult Children You may lend money to your child to help with the purchase of a major personal item. A common example is a loan to help with the purchase of a child’s first home. Generally, this doesn’t create tax problems if they are made for...
