FAQ: foreign tax credits, incorporation and Bitcoin – Episode 13 On episode #13 of Crossing the 49th Podcast we walk through more cross-border frequently asked questions. I made a mistake on my cross-border returns, what should I do? Should I keep my US inheritance in the US? I’m getting audited by the CRA for…
Starting a Business in Vancouver, Need Some Advice on an Appropriate Structure Question Hi Phil I’m starting an application and gaming company with 2 close friends of mine in Vancouver. We’ve been told on multiple occasions that going into business with friends is a big mistake. But after looks of discussions we’ve all decided to…
Family Income Splitting for Doctors – A Significant Income Tax Saving Strategy Our physician clients are some of the higher paid professionals in BC. Some making well over $500,000 per year. At these income levels average tax rates can be over 40%. For those that plan properly significant tax savings can be obtained by allocating…
Should I Incorporate my Business? Question I’ve spoken to 2 separate accountants lately and each of them gave me different advice. One guy said I should definitely incorporate my business and the other guy said I should wait until my income increases. My net profits each year are around $150,000. Thanks XXXXXX Answer Hi XXXXX…