Entries by KHGrandForks

Taxability of a Stipend

CRA was questioned whether a stipend paid to individuals as a ‘training allowance’ while participating in a government sponsored program to improve employability skills and provide work placement opportunities is taxable. In this case the stipend was received under the Targeted Initiative for Older Workers which is intended to help older workers in vulnerable communities […]

Apple iPad a medical device?

It was questioned whether an Apple iPad that is acquired to assist certain special needs children, including autistic children, to communicate more effectively would qualify for the medical expense tax credit. Unfortunately the answer was no. A payment in respect of a device or equipment may qualify as a medical expense if certain conditions are […]

“Did you know” – WCB

Preparing your WCB return? Did you know that the old 50% dividend rule is no longer applicable?  Now dividends are included in shareholders earnings when they are paid as remuneration for activity in the company. Did you know taxable benefits are not part of Assessable earnings? Did you know severance pay is not part of […]

Featured Client – Jogas Espresso Café

Located in the downtown of Grand Forks, BC on Market Avenue, is Jogas Espresso Café, owned by Roger and Donna Soviskov.  A family business, Jogas displays local art and photography in addition to selling organic, free trade espresso from “Kootenay Coffee Co”  in Nelson, BC.  Also featured at the café is home-made Russian borscht courtesy […]