Your Partners in Prosperity


BC Seniors' Home Renovation Tax Credit

The  Seniors Home Renovation Tax Credit, worth up to $1,000 per year, is available to seniors, or family members sharing their home, whether they rent or own. Started  in the 2012 tax year, the maximum credit is $1,000 annually, calculated as 10% of eligible permanent...
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Cash Flow for Your Small Business

As we start a busy summer in the sunny Okanagan, it can be a time to reflect on the successes and challenges experienced through the winter months as you grow your business.  Depending on the type of business you have, there may...
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Tax Benefits of Charitable Giving

White Kennedy LLP are strong supporters of the Community Foundation of the South Okanagan Similkameen ( Recently, one of our Partners, Peter MacIntosh, was ask to explain the tax benefits of charitable giving.  Take a look at what he has to say:

BC Home Owner Grant Program Changes

BC – Changes announced to Home Owner Grant program The province provides a Home Owner Grant program to BC residents whose home is valued below a set threshold. Under the program, qualifying homeowners can receive a reduction in the amount of property...
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Tax Tip for the Self Employed

If you are self employed and had a loss for tax purposes in your latest tax year, the loss can be used to reduce other income on your tax return. The loss from self employment may be a business loss, or it...
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Highlights of the 2014 Federal Budget

The most recent Federal Budget was released on February 11, 2014. The Budget contained a variety of measures but we wanted to briefly outline several items regarding business tax, personal tax and GST that will be of our interest to our personal...
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Running a Home Based Business

Does starting a home-based business make sense? Deciding whether to set up a home-based business actually has to start with deciding whether to start a business at all. Like any other kind of work, self-employment has its upsides and downsides. Individuals who...
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2014 Tax Strategies

Talking about planning for 2014 taxes when the year has barely started may seem more than a little premature. Nonetheless, taking some time to review one’s tax situation – and perhaps putting a few strategies in place – at the beginning of...
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