Cryptocurrency Taxation Issues

Cryptocurrency is treated as a commodity for tax purposes

Any income from the sale or transfer of such cryptocurrency is treated either as business income or as a capital gain. Similarly, losses are either treated a a business loss or capital loss and can be set off against business profits or capital gains, respectively

Taxable Transactions

Taxable transactions occur in the following situations:

  • You […]
By |2023-01-07T14:13:24-08:0001/07/2023|Business Taxes, Taxes|0 Comments
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Catching Up on Past Due Tax Returns

Catching Up on Past Due Tax Returns

Our tax services include catching up on tax returns from past years that haven’t been filed yet for both individuals and businesses

This is a big part of our business! We support our clients through-out the year by preparing past due tax returns. The CRA only requires taxpayers to catch up for the past […]

By |2022-12-31T13:46:40-08:0006/09/2022|Business Taxes, Taxes|0 Comments
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Call Randy Larson now at (604) 558-2234

Mailing Address: 202 – 150 East Keith Road, North Vancouver, BC V7L 1T8

Note: In-person meetings are not possible at this time. I prefer to converse with existing and new clients over the telephone or a Zoom meeting, where I can share my screen.

Office Hours: 

Monday – Friday:  9 am – 5 pm

During Tax Season (Feb – Apr 30th)

7 days a week, 8:30 am – 9 pm

CRA Announces Changes in 2023

01/30/2024|0 Comments

The Canada Revenue Agency ("CRA") has announced the following changes to the Income Tax Act for 2023. Advanced Canada workers benefit (ACWB) Advance payments of the Canada workers benefit ("CWB") are now issued automatically under the ACWB to those who received the benefit in the previous tax year. As a [...]

BC Renter’s Tax Credit

01/24/2024|0 Comments

Budget 2023 introduced an annual income-tested renter’s tax credit that will give $400 to low- and moderate-income renter individuals and families with an adjusted income of $60,000 or less. Individuals and families with an adjusted income greater than $60,000 and less than $80,000 may receive a reduced amount. You can start claiming [...]

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