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Page: 2

Understanding the Canada Child Benefit

Author: Dave Block It’s September and I find myself transitioning out of full summer mode. I have been spending some much needed quality time with my wife and our nearly-two-year-old daughter. With camping, parks, beaches, playgrounds, and swing-sets (sprinkled with some wine-touring and the odd round of golf), July and August came and went wonderfully…

2 min read

Clearline CPA ranks in the Top 20 Largest Accounting Firms in BC

Clearline Chartered Professional Accountants was recently featured by Business in Vancouver  as one of British Columbia’s 20 biggest accounting firms. When ranked by total number of employees for BC firms who participated in the survey we ranked 19th overall. This is the first time Clearline has been featured in such a list and marks a…

1 min read

Celebrate Tax Freedom Day 2019

If the average Canadian family paid their annual taxes (from all levels of government) up front each year, it would take them from January 1 until the beginning of June. From this perspective, Tax Freedom Day serves as a symbolic indicator to mark when you are finally able to keep the remainder of your earnings for…

3 min read

The Benefits of Family Trusts

Recent changes in legislation have left individuals questioning the benefits of a Family Trust (“FT”). In this article, we will explain some of the legislative changes and identify the benefits that still exist from using an FT.      While this article focuses on the tax benefits available through the use of an FT, trusts…

5 min read

New CRA Digital Services for Charities

As of June 1, 2019, charities will be able to electronically file their T3010 Registered Charity Returns with Canada Revenue Agency (CRA). New digital services include online application for registrations, filing of T3010 Registered Charity Information Return, as well as the ability to update your organizations information online. Charities will continue to receive form TF725,…

2 min read

Better Financial Information, Better Decisions

Modifying your accounting processes can improve business information, help you make better decisions and uncover insights to better manage your business. Here’s how. Many small organizations record their financial information on a ‘cash basis’ as opposed to an ‘accrual basis’.  Other organizations record a ‘modified cash basis’ – a blend of cash basis with some…

7 min read