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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 (www.cfokanagan.com). 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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