News & Blog

Ask an Accountant: Northern Residents Deduction (NRD)

Permanent residents of certain regions of northern Canada can claim the Northern Residents Deduction (NRD) on their personal income tax return, which in turn could significantly reduce their tax bill. However, it is crucial that you understand the qualification rules and guidelines provided by the Canada Revenue Agency (CRA) in order to take advantage of these deductions.   Qualifying as a Northern Resident: You are considered a “northern resident” if: You have lived on a permanent basis in either a…

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Tips to Remember for Tax Time

Tax time is stressful for all of us, whether it’s for your business or your personal taxes. That’s why KBH Chartered Accountants, with some help from the CRA, have compiled a list of tips that could save you time and money. At tax time, try to remember these eight things: 1. Do your taxes Even if you didn’t receive any income in 2017, you may still get a tax refund and be eligible for benefit and credit payments. For example, families…

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Growing your Small Business

Many entrepreneurs are so incredibly busy managing the day-to-day tasks of running their business that sometimes, things fall through the cracks.  Most often the most important thing, your future growth – how to take your company to the next level in a smart, disciplined way – slips because you are so focused on the now. But be warned: growth is an issue business owners ignore at their peril. Picture this; you’re building a sand castle. The most marvelous sand castle,…

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