It’s the New Year, and with the advent of 2012 the Canadian government has introduced some Canadian Pension Plan changes that may have a significant effect on your life and the way you, “choose to live, work and retire,” in Canada. At our Vancouver bookkeeping and accounting firm we often receive questions from clients about how [...]

At Acton Accounting and Bookkeeping, we’re constantly trying to find ways to simplify our clients’ business and financial tracking needs. As a Vancouver accounting and bookkeeping services firm a pain point we hear a lot about from our clients is that they would really like to be able to monitor all of their finances in [...]

With summer a mix of more rain than shine here in Vancouver, BC, there are no doubt many business owners looking to get out of the city for awhile. It’s common knowledge that travel expenses incurred while on a business trip can be expensed back to your company, but what about when your on vacation [...]

You may have heard about Tax Free Savings Accounts (TFSA) for individuals, which are a form of registered savings accounts. Introduced in January 2009, it’s a flexible, general-purpose savings vehicle that Canadians can use to earn tax-free investment income. According to a CIBC World Markets report, the TFSA market could mushroom to $115 billion by [...]

There is nothing really surprising in the announcement of the budget 2010; the government believes that spending restrictions while an economics growth should erase the deficit by 2015. Finance Minister expects the deficit to be reduced by 50% by 2012…But the actual deficit of $53.8 billion and the government will “only” save $17 billion over [...]