Quest CPA Consulting
204-38 Fell Ave V7P3S2 North Vancouver, BC, Canada

COVID19 Summary of Financial Supports: http://bowinnmamla.ca/covid19/supports/

Tax Benefits of Investing in MICs Mortgage investments are one of the best options for alternative investments. Mortgage Investment Corporations or MICs enable the investor to invest in Canada’s real estate market, and enjoy the tax benefits which they don’t receive from the direct investment on real estate properties. There are many tax benefits of investing in Mortgage Investment Corporations or MICs. What are Mortgage Investment Corporations or MICs? A Mortgage Investment ...Continue reading

COVID19 Summary of Financial Supports: http://bowinnmamla.ca/covid19/supports/

Updates to legislated or regulatory payroll compliance requirements.

For those who lost their income or had less income due to COVID-19, this chart will help you to find out the corresponding government subsidy program. Stay at home, stay calm, stay healthy.

Stella was invited to SUCCESS Burnaby branch to give a presentation to small business owners today.

Time to see your accountant. Here is the check list before heading to the appointment: 1. All slips (T4/T4A/T5/T4E...)received after year end 2. If you are self-employed, bring a list of income and expenses 3. If you sold a property, bring the SOA 4. If you have rental income, bring the list of income and expenses ... 5. If you have foreign assets over $100k, bring the list 6. If you anticipate a high tax payable, better to see your accountant before the end of February. Maybe you should make a contribution to your RRSP. 7. If ... A good plan helps you save money. A tax return is more than just a tax return! Afshin Doust Soheil Vancouver Farid Ansari Maryam Ardeshiri Thomas Betz

Dear friends and clients, Quest CPA & Hera Investment Funds moved to new office on December 18, 2019. The new address is 204-38 Fell Ave, North Vancouver. The phone numbers remain the same. I would like to shares some pictures with all of you.

Ethical Dilemmas Ethical dilemmas are situations where choices need to be made between two or more options neither of which resolved the situation in an ethically acceptable fashion.

Is new tax the only way? There are two new taxes effective January 1, 2019 in BC: One is Speculating and Vacancy Tax, which is retroactive to 2018. It is known by most people in BC, because most of residential property owners are impacted. Another one is Employer Health Tax! Basically all legal entities, if your total annual remuneration to employees over $500,000, you need to register an account and pay the tax. ... Im not so sure how much due diligence have been done before implementing the new taxes. Besides housing speculation, the increase on land cost, construction costs, government levy and population also contribute to the high home price. Blaming on one reason wont resolve the problem. The government should aim at reducing the building costs and increasing the supplies. Real estate is one of the major industry in BC. Less developments mean less work for BC residents, whats the consequences to follow? Whats the health tax for? I guess its for covering the shortfall due to reducing MSP premium from individuals. The life for businesses is already hard enough. In 2018, the property tax increase on commercial properties impacted the profitability of many small and medium sized companies. Adding a new tax means a harder year in 2019. A wise government should implement policies to improve the economic growth. Its not wise to kill the hen to get the egg.

https://www2.gov.bc.ca//sp/faq-speculation-and-vacancy-tax

Speech in Zhuhai, China

Common Reporting Standard Due to the wide range of people affected, CRS is one of the hottest topics in the world in 2018. Residents of 100 CRS member countries are anxious about how they are going to be affected on taxation if they have financial assets in other countries. The focus of CRS is on tax evasion. The governments want to collect the taxes illegally hidden in those tax paradises. Although the United States is not a member of the CRS, the United States took the lea...d in 2014, with FATCA, and CRS is basically an expanded version of FATCA. The game between the government and the investors is Tom and Jerry. As the global economy becomes more integrated, this game will continue and the content of the game will escalate. The party more familiar with the rules will win the battle! CRS-affected groups: Individuals and companies with overseas financial products in all member countries Entities participated information exchange: All member countries banks, trusts, brokers, insurance companies and all investment entities that provide financial products. Asset information to be exchanged: deposit accounts, escrow accounts, funds, stocks, annuity contracts, insurance contracts with cash values, etc. Personal information to be exchanged: account number, account balance, name, date of birth, age, gender, residence address. CRS exchange process: 1. financial institutions report non residents information to national tax authorities. 2. national tax authorities will exchange the information with other CRS members. the old-fashioned approach to avoid tax is no longer feasible. Therefore, a tax planning becomes more important than ever not only for wealthy investors, also for every one with oversea financial assets.

Merry Christmas ! We are closed from December 24 , 2018 to January 1, 2019.

Interviewed by Global Chinese Press.

call us to book a review 604.562.7903 before the tax rush.

Todays speech: Commercial/residential leasing issues and taxation.

Co-speech with Mr. Shenglin Xian on Sunday, in Radisson Hotel Richmond. http://www.realjaja.cn/wechat/event/view/3449284

Good morning, Quest CPA!

In newly published Canada Education Guide - a popular Chinese magazine.

Taxation tips for international students in Canada When people come to Canada, they dont know the tax law here. Tax filing has become a matter that is easily overlooked by new international students. Do international students need to file tax returns?...Continue reading