October 28, 2024
Webinar on New Tax Rules on Capital Gains – Watch it Here.
Canada’s capital gains tax rules changed in June 2024. If you plan to sell or transfer any investments, holdings, properties or a business, you could face a much bigger tax…
North Vancouver Chartered Professional Accountants
Helping You Understand Accounting, One Blog at a Time
October 28, 2024
Canada’s capital gains tax rules changed in June 2024. If you plan to sell or transfer any investments, holdings, properties or a business, you could face a much bigger tax…
September 12, 2024
The 2024 Federal Budget proposes increasing the capital gains inclusion rate for dispositions occurring on or after June 25, 2024. The inclusion rate increase will apply to individuals, corporations and…
January 2, 2024
Good afternoon, My name is Julia, and I am here to discuss the new reporting requirements for trusts. These rules will apply to Trusts that have tax years ending after…
July 20, 2023
The federal government announced the new underused housing tax (UHT) as part of the 2021 federal budget which came into effect on Jan 1, 2022. In a nutshell, the UHT is a…
November 1, 2022
We are so honoured to be a finalist in the North Vancouver Chamber Business Excellence Awards in the category of Best Employer. From the North Vancouver Chamber: The North Vancouver…
September 20, 2022
Effective Productivity In Today’s Rapidly Changing World with Colin Cox Our team participated in a great strategy session with Colin Cox, titled Effective Productivity In Today’s Rapidly Changing World. We…
August 17, 2022
What is this and why do I have to pay money?! You may be confused with correspondence from CRA regarding tax instalments, so here is a brief rundown of what…
February 8, 2022
If you paid tuition in 2021 for a post-secondary institution in Canada, you might qualify for a tuition tax credit. Our team of accountants can help you determine if you…
February 3, 2022
You might just have money waiting to be cashed! Quickly see if you have any uncashed cheques from CRA through your CRA My Account. It’s that simple! Source: CRA…
February 3, 2022
Education and teachers are really important to us here at Cahill CPA- our partner’s wife Crystal Cahill is a teacher herself! We know firsthand how educators spend so much of…
February 3, 2022
Here’s the breakdown. Basically, if you worked from home this last year due to Covid-19, you may be eligible to claim home office expenses. Good news: the flat rate method…
January 18, 2022
Find all the e-services available to you and your business here: CRA E-Services Below we’ve listed many of the services and programs available to you online, through your CRA My…
January 18, 2022
If you are a business owner, and have thought about passing along your business or shares of your business to a family member, this announcement is for you! According to…
January 13, 2022
Big news for businesses who have received CEBA: the Canadian Government has extended the loan forgiveness repayment deadline. During this global pandemic, CEBA has been used by over 900,000 Canadian…
December 3, 2021
Along with BlueShore Financial & Veritas Law, Janice Tai presented at a recent seminar on the topic of Effective Estate Planning. Our senior accountants Julia Parciak and Jasmine Lille also…
November 4, 2021
Quick tip for local BC businesses: Did you know you can advertise for free on the “BC Marketplace” website? This is a great platform for people to find businesses they…
November 4, 2021
This year, we are joining up with Twin Lions Contracting to raise money & awareness for men’s health. Twin Lions is a local renovation contractor and custom home builder here in…
October 14, 2021
Meet our amazing dream team- things WORK at work, because of these three! Gracey Moores is our adminstrative assistant, and is always ready to greet our clients with professionalism and…
September 13, 2021
Meet one of the newest members to Cahill CPA, Marek Zhanel. We wanted to take a moment to showcase Marek, and the depth of knowledge and experience he adds to…
June 11, 2021
You asked! We answered! Our accountants have had many questions lately surrounding the topic of partnership or incorporating businesses. Many of our clients have been unsure what these structures are…
May 27, 2021
From the CRA website: The Government of Canada recognizes that young families in particular have been impacted by the unpredictable expenses of the COVID-19 pandemic. This money will help pay…
May 20, 2021
Important Income Tax Deadlines Feb 22, 2021: Earliest you can file online ***We began filing returns for our clients, and many of you have already connected with our team during…
March 17, 2021
Well isn’t this exciting! Our very own Matthew Jacquet and Tony Elliott grace the pages of CPA BC magazine. Recently Matthew and Tony were featured on the “Announcements & Accolades”…
March 5, 2021
Important Changes to your 2020 Tax Return There is a lot of confusion this year regarding your 2020 income tax return. With all the changes from CRA, all the talk,…
February 23, 2021
THANK YOU, THANK YOU! We are so thankful for all the support from our North Shore community! Cahill CPA is the leading accounting firm on the North Shore, providing exceptional…
February 5, 2021
We get a lot of questions year round on RRSP’s and TFSA’s- and often our clients aren’t quite sure the difference between the two. Understandable! We recently came across this…
January 25, 2021
Real Estate is a HOT topic right now! If you are a realtor here locally, you probably know what we are talking about! Cahill CPA specializes in realtors & real…
January 19, 2021
With tax time approaching, clients often ask about their charitable contributions from the previous year or are beginning to gather their donation tax receipts. CPA BC has some important reminders…
January 14, 2021
Special Announcement Conversion to limited liability partnership We are pleased to inform you that Cahill Chartered Professional Accountants have been converted to Cahill Chartered Professional Accountants LLP effective January 1,…
January 8, 2021
You’ve probably heard it a lot this past year: “Support Local” and “Shop Local”. Maybe you even made a goal to shop local this past Christmas, or committed to supporting…
December 15, 2020
Well, that’s simple! CRA recently announced a simplified way for Canadians to claim working from home expenses. For your 2020 personal income tax return, Canadians can now claim “work from…
December 11, 2020
What is PREC? A personal real estate corporation, or PREC, allows a real estate agent to earn their business income through a corporation. British Columbia, along with several other provinces…
December 7, 2020
The Canada Emergency Business Account (CEBA) that was created to support Canadian businesses, has now been increased from $40,000 to $60,000. CEBA was launched on April 9, 2020. It provides…
December 1, 2020
Every year, we like to update our clients on the various tax credits & opportunities available when donating to charity during the holidays. This will also apply to donations throughout…
November 30, 2020
It’s that time of year again! It’s time to vote for the North Shore News Reader’s Choice Awards! We were honoured to be voted “North Shore’s Favourite Accountant” for the…
November 24, 2020
To all our business, non-profit & charity organization clients, this might be of interest! CRA recently gave information about the newest support for businesses, non-profit organizations, and charities: the Canada…
November 16, 2020
Real-Estate. Markets. Investment properties. Rental properties. Mortgages. Interest Rates. SO many hot topics right now regarding the buying and selling of properties. As accountants, we answer a lot of questions…
October 23, 2020
North Vancouver Chamber recently wrote about the BC elections, and how candidates are tackling the issues facing businesses here on the North Shore. They included information regarding what COVID related…
October 16, 2020
We love Blueshore! Blueshore Financial has been a great business connection for us here locally in North Vancouver. Recently, Blueshore Financial contacted us, and generously provided us with a grant.…
September 25, 2020
Earlier this week, Canadians received the news that the Canada Recovery Benefit (CRB) would be increased to the same level as the Canada Emergency Response Benefit (CERB). CERB will end…
September 11, 2020
We are here to support you however we can, and we are staying up to date on all the benefits & financial assistance available to Canadians during the pandemic. Below…
September 11, 2020
We’ve received a lot of phone calls & emails from clients regarding upcioming instalment payments. Below we have included some of the information from Canada Revenue Agency regarding instalment payments,…
August 21, 2020
According to the Canada Revenue Agency, there are changes to the support for businesses in Canada. Below are the updates according to CRA, and a helpful link to all the…
August 21, 2020
Our staff have been working with clients remotely, and have been successful conducting meetings by phone, or answering questions via email. However, if it is necessary for you to have…
August 18, 2020
We have been aware of CRA hacker issues, and we are following the information provided very closely. Recently, thousands of CRA accounts were hacked, and valuable personal information stolen. The…
August 10, 2020
There is still time to file your taxes. Cahill CPA is still working on personal returns for new & existing clients, ensuring our clients avoid any late penalties. CRA is…
July 23, 2020
Working from home? You might be eligible for deductions on next year’s tax return. Many CPA’s are trying to determine what CRA will do with the “home workspace deduction” and…
July 8, 2020
Important Benefit & Credit Payment Dates Wondering if you missed an important benefit or credit from CRA? It’s always important to check your account regularly, and keep track of benefits…
July 8, 2020
Do you subscribe to a digital news subscription? If so, you could be eligible for a tax credit! In 2019, CRA rolled out a “digital news subscription tax credit” which,…
July 3, 2020
CESB, CERB, and….more CRA recently created an easy questionare to determine if you are eligible for financial support… see link here. https://covid-benefits.alpha.canada.ca/en/start This an easy survey, 10 questions in total, and…
June 28, 2020
Business is slowly getting back to normal here at Cahill CPA, and we’ve complied with all the necessary safety requirements to gradually return to the office. Our staff are working…
April 30, 2020
Today would typically mark the END of tax time (don’t worry- you’re not late!) and our team would be out tonight celebrating together! We always have an “end of tax…
April 23, 2020
We wanted to take a quick moment to reach out to all businesses, entrepreneurs & self-employed individuals. We ourselves are a local, family-run business, and we know the toll this…
March 26, 2020
Updated Information from CRA (Canada Revenue Agency) as of March 26th, 2020. https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update.html We will announce any changes to these dates as we are made aware of them. Rest assured,…
March 26, 2020
Hopefully some comforting news to Canadians, as the government grapples with how best to support families financially. Just yesterday, an announcement was made that will hopefully provide Canadians with emergency…
March 24, 2020
We wanted to take a moment to reassure our existing & new clients that we are operating “business as usual” while we work from home. All our staff are working…
March 19, 2020
We’ve put the latest information here on our website for clients to access- and as always, let us know if you have any questions during this time. Source: CRA Website …
March 19, 2020
Source: Canada Revenue Agency Website Announced March 18th, 2020 “The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the…
March 16, 2020
In light of the current COVID 19 situation and the advisory for social distancing, Cahill CPA has made the decision to have our staff work from home. This is to…
March 12, 2020
The deadline to declare your property is March 31, 2020. If you received a letter in the mail, simply go online to complete the declaration. https://www.etax.gov.bc.ca/SVT/_/ If you did not…
March 3, 2020
Do you own your own business? Are you working from home? Starting a new business? We specialize in new businesses, entrepreneurs, and self-employed individuals…. we help you make the most…
February 20, 2020
CRA- Uncashed Cheques This is BIG news all over social media the last few days- Canadians with uncashed cheques from CRA, some from as far back as 2001. Even if…
February 6, 2020
Changes to the T1 Personal Income Tax Return Form This may not be BIG NEWS to most, but to those of us in the accounting world, the changes made to…
February 5, 2020
Tax Time Checklists: Cahill CPA offers some great online resources, including checklists for employment expenses, rental income & expenses, self-employment expenses, and more. Check out our resources page for these…
January 22, 2020
CPA BC put together a handy little guide for some questions you might want to ask your accountant to prepare for tax time. Although it’s still a ways off, it’s…
January 22, 2020
Thanks CPA BC for putting together three great tips for preparing for tax season! Although April seems like a long way away, it doesn’t hurt to prepare early. Every year…
January 14, 2020
Cahill CPA partner Jordan Cahill was recently asked to provide some expertise on the topic of capital gains. He colloborated with local Vancouver Realtor Shawn Brown from West Haven Group,…
January 8, 2020
Welcome to 2020! Here’s a quick breakdown of some of the tax changes for 2020, sourced from an article by Jamie Golombek for the Financial Post. 1. Increases to the…
December 10, 2019
Wishing all of our clients, friends and family a very Merry Christmas & Happy New Year. Thank you for your continued business and support- we wish you all the very…
December 10, 2019
Our staff will be out of the office during the Holiday season. If you have any pressing questions or concerns before year end, please get in touch with us by…
November 27, 2019
North Shore Reader’s Choice Awards- Favourite Accountant It’s that time of year again- the North Shore Reader’s Choice Awards voting is now open, and we are hoping you will choose…
November 22, 2019
For quick reference, we’ve put together this list of CRA links with helpful information & tips on claiming charitable credits. As always, let us know if you have any questions…
November 18, 2019
Did you know? CRA has a great online resource for small businesses- especially if you’re just starting out. They have provided helpful checklists & information to help you with the…
November 12, 2019
“This man tested Canada’s tax laws by moving in a canoe- and won” CBC News recently posted an article about a Canadian man who moved by CANOE, when he was…
November 7, 2019
When you’re starting a new business, it’s crucial that you start off on the right foot! Being organized, prepared, and set up efficiently is paramount- before you even sell your…
November 4, 2019
Jordan Cahill’s Interview with “Lonsdale Avenue” We were recently featured in Lonsdaleave.ca– a local online source for businesses and events on Lonsdale Avenue in North Vancouver. Our partner Jordan Cahill…
October 21, 2019
Don’t make your taxes one of those stressful “to do” list items- we’ve got you covered! Sign up for our annual “Personal Tax Reminder” email- ONE email, with all the…
October 21, 2019
An important conversation to have before it’s too late: what happens if the partner who handles the bulk of the financial responsibility passes away before the other? It’s a topic…
October 18, 2019
CPA BC recently shared an article, written by Terry Small, titled “Is Negative Thinking Bad for Your Brain?” (Full article linked below) The article brought up a few reasons WHY…
September 27, 2019
CPA BC Fall Summit- Professional Development Cahill CPA values continued education and professional development, and that’s why we are always looking for ways to stay current in the latest accounting,…
September 10, 2019
Teaching Your Kids About Money It’s back to school, and that got us thinking about… well, school! Ever heard someone say, “Why didn’t they teach us that in school!?” I…
September 10, 2019
Did you ever wonder what came out of that BC Speculation & Vacancy Tax? All the information homeowners had to go online and fill out before the March 31st deadline?…
September 10, 2019
BC Businesses: 5 Billion Dollars in EXTRA tax since 2013 Small businesses are feeling it. That’s the consensus after a recent report looked into how the tax changes have impacted…
July 23, 2019
If you are a Canadian with young children, you may have recently received mail from Canada Revenue Agency (CRA) regarding the Canada Child Benefit (CCB) and the BC Early Childhood…
July 19, 2019
Saving Small Businesses in Vancouver So, it’s all speculation and “talks” at this point, but did you hear that the City of Vancouver is seeking provincial approval to change the…
July 8, 2019
www.CahillCPA.ca To all our clients, we would like to inform you that we are changing our website domain from www.cahillcpa.ca to www.cahillcpa.ca. This official change will take place on July 11th,…
June 3, 2019
Have you ever used a recruitment agency to either find yourself a job, or find an employee for your company? If so, you’ll probably know about the invaluable resources, expertise,…
May 21, 2019
Our friend and mortgage broker Steve Ennis sent out his newsletter this week, filled with some great information regarding the latest politics surrounding money laundering in BC. You’ve probably heard…
April 3, 2019
When will I receive my refund? Another great “frequently asked question” from our clients the past few weeks! If you are expecting a refund from your return, here’s some details…
March 21, 2019
You asked, we answered! We’ve had a lot of clients recently call about notice of assessments and their RRSP deduction limit, who didn’t realize they can access these online anytime!…
March 21, 2019
Address Change with CRA It is your responsibility to let CRA know of any address changes as soon as possible. If you have recently moved, make sure to change your…
March 15, 2019
How Much Does a Tax Return Cost? You asked, we answered! Over the next few weeks we will be answering the questions YOU have been asking! Today’s question is the…
March 6, 2019
Important Deadlines for your Tax Return Feb 18: Earliest date to file *This will apply to you if you: March 1: Cutoff for adding funds to your RRSP for your…
March 5, 2019
Do you have a new business? A growing business? A small business that needs some help organizing all things financial?! If so, Cahill CPA is offering all our clients an…
February 21, 2019
Are you getting the most out of your tax return every year? We had a conversation recently with a potential client, and wondered if there’s other people out there who…
February 18, 2019
Filing your Taxes- Easier Than Ever We have made it easier than ever to file your tax return this year. Recently one of our long-time clients, Alexandra, made a comment…
February 13, 2019
Our heartfelt thanks to all who voted for us. We are so honoured to win the North Shore Reader’s Choice Award for North Shore’s favourite accountant. We have worked hard…
February 11, 2019
You may have already received some important mail from the BC Government regarding the Speculation and Vacancy Tax. If not, it will be arriving soon. For all homeowners in the…
January 21, 2019
Cahill CPA & Helping the Environment Did you know? Cahill CPA prides ourselves on being as paperless as possible! Have you ever seen an Accounting office without rows of file…
January 6, 2019
2019 Tax Changes Impacting Small Businesses & the Self-Employed With a new year, comes new tax changes at the federal level. What does this mean for you personally, or your…
December 14, 2018
Merry Christmas & Happy New Year Wishing you and yours a very Merry Christmas and a joyful holiday season. We at Cahill CPA wanted to take this opportunity to touch…
December 3, 2018
Congratulations to both Christopher See and Ahmed Al-Elem for passing their CFE exam. Chris and Ahmed are staff members at Cahill CPA who recently passed the CFE exam, qualifying them…
November 22, 2018
Does claiming your charitable donation take away from the “charitable” aspect of your donation? This question was brought to our attention recently, and gave us some food for thought! Looking…
August 27, 2018
Have you thought about restructuring your company? Or have you heard the term “restructuring” and wondered what it was, or if it was applicable to your business? At some point,…
August 22, 2018
Rental Property Income- CRA topics We get asked a lot of questions about rental properties from current and new clients. With the media & news outlets reporting on rental properties…
July 13, 2018
If you haven’t already read or heard about in the news this week, on July 11th, the Bank of Canada raised interest rates to 1.5%. The BOC cited trade tensions…
March 26, 2018
A recent article in Global News cited three common tax mistakes that you’re most likely to make according to Canada Revenue Agency. See the full article here, or read below…
March 9, 2018
Tax time is just around the corner, and Cahill CPA has compiled some information regarding important dates and preparing your tax return. How to get your documents to us: Cahill…
September 19, 2017
Choosing an Accountant that’s Right for You Schedule a Meeting If you do anything before choosing an accountant, meet with them first. Phone the office, and set up a meeting…
July 25, 2017
Bill Morneau’s July 18, 2017 Announcement on Tax Planning for Private Corporations. On July 18, 2017 the Federal liberals through the department of finance announced some major tax changes that…
February 9, 2017
Our firm was recently added to the Canada CPA Firm Directory. You can access the information here: CPA Firm Listing- Cahill Professional Accountants With this listing you can find more…
January 13, 2017
To our small business clients: do you understand the IT risks that face Canadian small businesses? CPA Canada provides a great resource- free of charge- for small businesses who may…
December 15, 2016
We recently had a great review from a new client, and they emphasized the ease of working with Cahill Pro through online communication. Our client couldn’t believe how quickly and…
December 5, 2016
Beginning in January 2017, an annual “Empty Homes Tax” will be applied annually to homes that are deemed to be empty in the city of Vancouver. Many people will not…
October 12, 2016
The beginning of October saw new tax changes aimed at foreign investors to Canada’s real estate market, and have been imposed to ensure that these investors abide by existing tax…
October 3, 2016
Our CPA’s Jordan Cahill and Matthew Jacquet attended the National CPA Conference held at the Vancouver Convention Centre. This gave both Jordan and Matthew an opportunity to attend keynote addresses…
February 16, 2016
Family Income Splitting Tax Credit Eliminated With the Liberals taking their seat in parliament, the income splitting rules introduced for tjhe 2014 tax year will be phased out for the…
January 18, 2016
New BC Tax Rates in effect for 2016 As promised by Justin Trudeau, a new tax bracket has been introduced for individuals earning greater than $200,000 of taxable income in…
January 1, 2016
Download our simple personal tax forms to save yourself from the headache of confusing forms. Make your personal taxes simple this year. Contact us if you have any questions. We’d…
January 15, 2015
Have you ever received an email from CRA? If not, GOOD! Canada Revenue Agency (CRA) has a policy that they do not send any information or require any action by…
December 25, 2014
Did you give to charity this holiday season? Or, are you planning to give in the New Year? Do you claim your donations as part of your tax return every…
July 16, 2014
A capital gain or loss occurs when you sell a capital asset. This includes physical assets such as real estate, art, and collectibles. It also includes investments such as stocks,…
July 10, 2014
Real estate is a big deal here in Vancouver. Tax accountants can help you whether you rent out a room in your home, rent your basement, or you have a…
November 6, 2013
Welcome to the new Cahill Professional Accountants website! My name is Jordan Cahill, and I am a Chartered Accountant. The purpose of this blog is to keep you informed with…
September 24, 2013
As you may already know, Chartered Professional Accountant (CPA) is the new accounting designation in Canada. This is a bit confusing since there are already three designations in Canada: Chartered…
August 26, 2013
A client requested some information on this topic recently and I wanted to make a post to describe the important difference between the Disability Supports Deduction and the Disability Tax…
April 16, 2013
Thank you for the warm welcome! We have been up and running in our North Vancouver office for 2 months now and we would like to thank all of our…
February 21, 2013
The much loved (and hated) Provincial Sales Tax is coming back to British Columbia on April 1st, 2013. We have been receiving many questions from our clients regarding whether the…