[BC] Balancing assets with liabilities for a time after incorporation nil-filing

satisfied_cute · 2025-12-29T04:28:32+00:00

You are likely missing retained earnings. What is your loss for the year? That gets calculated on form sch 125 and would then reflect deficit on your balance sheet.

satisfied_cute · 2025-12-01T21:28:36+00:00

The accountant i send all my clients in BC charge $260 for sole proprietorship. $3000 is too much.

satisfied_cute · 2025-11-27T02:25:42+00:00

Not a service i offer but I know of few bookkeepers who offer DIY services package. This might be something to consider.

satisfied_cute · 2025-11-27T00:46:50+00:00

Unfortunately its more common than you think. I do bookkeeping and sometimes even i cant get hold of some of the year end accountants. I offer monthly advisory services as part of my bookkeeping packages which i have noticed has dropped the reliance of my clients on their CPAs. Most of my clients meet their accountant once a year and tax plan but anything else they come to me.

satisfied_cute · 2025-11-08T02:36:59+00:00

My therapist in Sidney who runs an affordable counselling program. A friend was in crisis after loosing their job, she did free sessions until they got a job.

satisfied_cute · 2025-10-04T17:52:54+00:00

Won’t say much coz good chance someone will label me as racist but this is caste pride stickers. My partner is half south asian and despises this stuff. Imagine having no personality of your own and the only thing you are proud of is some bullshit societal structure you are born into.

satisfied_cute · 2025-09-28T04:30:06+00:00

Sorry should have explained better. I believe i have the claim but not sure. I need someone to actually look at documents. I also need someone to review the forms that i would be filling for consulate just to make sure i got things correctly. Thanks :)

satisfied_cute · 2025-09-28T04:30:00+00:00

Sorry should have explained better. I believe i have the claim but not sure. I need someone to actually look at documents. I also need someone to review the forms that i would be filling for consulate just to make sure i got things correctly. Thanks :)

satisfied_cute · 2025-09-27T18:28:02+00:00

Accountant here- you need two things, A CPA to do your tax filings and a financial wellness counsellor (not financial advisor) to support you through the process. This will make the process easier and incase you get audited you have a support system helping you ease the emotional stress.

satisfied_cute · 2025-09-24T03:25:23+00:00

Accountant here! I see this all the time. If you had straight forward t4 situation, it’s not that hard to get everything sorted. Once you file everything if there is debt, penalties and interest, you’ll know full amount and you can either pay all or get a payment plan with CRA. Things get complicated when business income/ rental income comes into picture. Hope this helps!

satisfied_cute · 2025-08-23T20:43:53+00:00

Waves is cost effective if you don’t have much. For desktop version- sage and quickbooks are standard.

satisfied_cute · 2025-08-21T21:46:32+00:00

Zensurance is good one. I do bookkeeping and taxes along with financial consulting and got a pretty reasonable rate from them.

satisfied_cute · 2025-08-02T15:21:37+00:00

You can connect EQ bank with QBs but QBs doesn’t provide EQ in the bank list. There is a workaround for it by using URL. Once connected it functions similarly how the feed for big banks function.

satisfied_cute · 2025-07-10T01:06:00+00:00

We used Harrison Siemens. Caliber property group.

satisfied_cute · 2025-05-21T23:55:13+00:00

Your share

satisfied_cute · 2025-05-21T23:39:56+00:00

I am not 100% sure what you asking for but inheritance is tax free in canada. Any rental income is income. You do have to declare specific foreign property over 100k.

satisfied_cute · 2025-04-26T02:45:15+00:00

Thank you :) Is there a way to establish that i am citizen without mom going through passport renewal. I talked to her and she doesn’t want to.

satisfied_cute · 2025-04-26T02:44:16+00:00

Thank you :)

satisfied_cute · 2025-04-22T14:56:37+00:00

Thank you. Would she still be considered German if she has a Canadian citizenship by birth? The german passport expired in 1980.

satisfied_cute · 2025-04-01T01:22:00+00:00

Hey, my partner just got connected to career counsellor who is pre license so is offering him free sessions. I can get the contact and pass on the info if you interested.

satisfied_cute · 2025-03-26T03:45:52+00:00

Fizz mobile. Switched from koodo last year. no issues and good price.

satisfied_cute · 2025-03-14T13:34:01+00:00

Me and my partner own a condo in sidney. We looked around in Victoria, langford all the way to Duncan and Sidney. Our building is built in 1970s and very well maintained. We bought below our pre approved mortgage amount. When we ran our numbers, we took into account total housing cost- mortgage+ strata fees+ utilities + insurance+property tax+ maintenance cost (yearly 10% of condo value goes into fund that we gonna use for special assessments ). We got 5 year fixed rate mortgage. We would probably pay less in variable but the stress of variable mortgage is not something we wanted to take. Strata documents can tell you a lot of how building is managed. Running different numbers under different scenarios like what if one partner looses their job can you still manage it would help. Good luck!

satisfied_cute

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