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Construction & Real Estate

Employer Source Deductions

Richard Weber on February 13, 2014 in Advice for Business Owners

Good news! Did you know the federal budget is proposing to change the remittance threshold levels in employer source deductions? The proposal is to apply for remittances after 2014. The threshold for remitting two times per month is to increase from $15,000 to $25,000 and remitting four times per month to increase from $50,000 to $100,000. … Continued

Impress Your Clients with the Best Communication Tools

Elaine Holding on April 17, 2013 in Advice for Business Owners

How you communicate has become just as important as what you communicate. Using technology effectively and staying current with social media tools demonstrates to your clients that you stay current – and implies that you also stay current (and knowledgeable) in the marketplace. Consider these tips: Email: Do you send emails to a large list … Continued

Cross-Promotion can Draw More Customers

SB Partners Admin on March 27, 2013 in Advice for Business Owners

Effective cross-promotion is a great way for even the busiest of business owners to bring in more customers. The simple fact is that when you team up with other trustworthy businesses that also reach your target market, you will be able to access  your customers far more efficiently and impressively as long as you utilize … Continued

Mandatory Coverage in Construction - Effective January 1, 2013

Richard Weber on January 2, 2013 in Advice for Business Owners

The Ontario government changed the law as of January 1, 2013 to expand coverage in the construction sector in order to: improve health and safety level the playing field and help combat the underground economy in the construction sector What is mandatory coverage in construction? WSIB coverage is mandatory for the following people who carry … Continued

U.S. Estate Tax - Important

Richard Weber on November 7, 2012 in Construction & Real Estate

A U.S. estate tax return must be filed if a deceased Canadian resident who is not an American citizen owned U.S. situated assets exceeding $60,000 fair market value at death.  If the deceased made substantial lifetime gifts of U.S. property, a U.S. estate tax return may be required even if the U.S. assets do not … Continued

B.C. Transition Back to PST

Richard Weber on September 26, 2012 in Advice for Business Owners

Effective April 1, 2013, B.C. will be returning to the PST regime. The PST rates will include: 7% for taxable goods and services 10% for liquor 8%-10% on accommodation 12% for private sales of vehicles, boats or aircraft Rates varying from 8%-10% for motor vehicles where the purchase/lease value is $55,000 or more Registering for … Continued

Healthy Homes Renovation Tax Credit

Richard Weber on November 30, 2011 in Construction & Real Estate

The proposed Healthy Homes Renovation Tax Credit would be a new permanent, refundable Personal Income Tax credit to assist with the cost of permanent home modifications that improve accessibility or help a senior be more functional or mobile at home. The credit would be worth up to $1,500 each year, calculated as 15 per cent … Continued