Bryan Petersen

Vehicle Rate Changes in 2022 Written by Bryan Petersen, Chief Virtual Accountant With the new year comes new rates, and in this blog I’ll be talking about a few different vehicle rates that have changed for 2022 in Canada. The first is the kilometer charge. So, if your corporation uses your personal vehicle – a […]

Deadlines for Tax Returns both Old and New Written by Bryan Petersen, Chief Virtual Accountant At this time of year, a lot of accountants’ attention is spent on deadlines. The deadlines that I’d like to address today are for filing your older tax returns electronically, and when you can start filing your 2021 personal tax

Can You Claim COVID-19 Tests on your Tax Return? Written by Bryan Petersen, Chief Virtual Accountant Personal tax season is coming.  For us, it starts March 1st. The first day to file your 2021 personal tax return in Canada is February 21, 2022. That leads us into the topic of this short blog. We’ve been

Keeping Safe your Bookkeeping Records Written by Bryan Petersen, Chief Virtual Accountant Have you ever feared losing your bookkeeping records? Whether it be a fire, flood, or any other unexpected circumstances, it is important to be prepared. Obviously, the best way to keep your records is digitally. If they are uploaded to a server, it

Managing Losses and Gains in a New Business Written by Bryan Petersen, Chief Virtual Accountant So you’ve started a business and the first year didn’t go so well. Maybe you’ve had a loss, or maybe you had too many starting expenses. New businesses don’t always start out smooth. As a sole proprietor, you have to

CEBA Loan Repayment Extension Written by Bryan Petersen, Chief Virtual Accountant Some very exciting news came out January 12th from the Canadian government.  Because of COVID-19 restrictions being extended, and the global pandemic lasting longer than the federal government anticipated, the repayment of the Canada Emergency Business Account loan – the CEBA – has now

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Why Financial Information is Important Written by Bryan Petersen Do you drive your car without looking at the gas gauge or go grocery shopping without at least a plan if not a completed list? Running a business is one of the most difficult things anyone can do for a career. It’s important that you have