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CEBA Loan Forgiveness Repayment Deadline Extended 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 businesses, so it is safe to say that this announcement will be good news for many.  According to the news release from CRA:  On January 12, 2022 it was announced that the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022, to December 31, 2023, for all eligible borrowers in good standing. This extension will…
  Effective Estate Planning 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 prepared and presented at this event.  Our team specializes in estate planning and tax. We understand the importance of protecting the interests of your family and loved ones, while also managing estate taxes and probate fees. Having an estate plan is an important part of your overall financial strategy, regardless of age.  The experienced staff at BlueShore Financial reminded our attendees that as you acquire more…

BC Business Tip

November 4, 2021
BC Marketplace Website 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 can support locally- and it is a free advertising opportunity if you own a business here in BC. Any type of business can create a profile, and it only takes about 10 minutes to fill in your information.  BC Marketplace gives five great reasons for advertising on their free platform: Reach a BC Based Audience: Allow us to use our network of businesses and community partners -…

Movember Foundation

November 4, 2021
Movember Campaign 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 North Vancouver. They love helping others, and have made such an impact with their Movember fundraising campaigns each year. This year, we are so honoured to join their Movember team, along with some other great local companies.  Jordan, Taylor, Crystal, Marek and Shannon are all taking part in the fundraising- and have committed to "move for Movember" or grow a moustache (way to go Taylor!). We hope to…
Cahill CPA Administrative Team  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 a friendly smile. Vaneet Grewal, our executive assistant, has been with us for many years and is such an integral part of our office family. Shannon Hampton is our office manager and is truly the mastermind for making things WORK in our office- with staff & clients! All three of them seemlessly keep everything in our office running smoothly, and we are so thankful to have…
  Newly Added Income Tax Specialist 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 our team. Marek specializes in income tax, particularly for our corporate tax clients. He has a vast range of experience, and has worked in public practice with a variety of businesses. Some of the areas he specifically assists with are: Corporate reorganizations Corporate tax planning Purchase or sale of a business Marek obtained his CGA designation in 2004. Since 2001 Marek has honed his…
  Sole Proprietorship, Partnership and Corporation 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 and what might be the best option for them. Understandable! It can be a confusing and even stressful thing to consider for your small business. Below we’ve highlighted some important information to consider, and a helpful resource from BDC. Talking to a professional accountant about the specifics of your business is always a great idea when making this type of decision.   BDC website: Choosing…
Canada Child Benefit (CCB) & Your Tax Return 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 for things such as short-term child care arrangements, healthy food, clothes, and activities they can do at home as a family. Families could receive up to $1,200 in support per child under the age of six in 2021. This will benefit about 1.6 million Canadian families and about 2.1 million children under the age of six. In 2021, families that are entitled…

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