Denise Deveau

2 weeks ago | bccpa.ca | Gabrielle Chung |Bilal Kathrada |Denise Deveau

Now is a good time as ever to buckle down and build your savings. To help you increase your wealth, here are seven practical ways to double your savings and work smarter, not harder, on your path to financial freedom. The bucket method Budgeting can be overwhelming, and who has time for complex spreadsheets? The bucket method simplifies this process. When your paycheque hits your account, immediately divide it into three buckets: necessities, fun, and savings.

2 months ago | bccpa.ca | Bilal Kathrada |Denise Deveau

With Valentine’s Day coming up, you might be getting together with your partner, sharing a nice dinner, maybe a bottle of wine, and talking about your…taxes? Understanding the implications of your relationship status on your tax obligations is crucial. If you’ve recently married, it’s a bit more obvious as to when your relationship status changed; however, for unmarried couples, it can be harder to know when your relationship will be recognized as common-law and why it matters.

2 months ago | bccpa.ca | Bilal Kathrada |Denise Deveau

Traveling, whether for leisure or business, is an exhilarating adventure. However, without proper financial planning, it can quickly turn into a stressful experience. As a CPA and an avid traveller, I’ve discovered that applying financial literacy fundamentals and smart financial strategies can turn any trip into a memorable and budget-friendly journey.

Dec 11, 2024 | bccpa.ca | Bilal Kathrada |Denise Deveau |Shane Schepens

A lot has changed over the past year, including the proposed capital gains tax changes in Canada, which took effect on June 25, 2024 and saw the capital gains inclusion rate increase from one-half to two-thirds for capital gains in excess of $250,000 per year for individuals, and on all capital gains for corporations and most types of trusts. This is important to note if you sold capital property any time in 2024 and have capital gains or losses to report on your 2024 income tax return.

Nov 6, 2024 | bccpa.ca | Denise Deveau |Shane Schepens

Some parents wait until their kids are almost teenagers to start teaching budgeting. But experts will tell you that you can start to lay the groundwork from a much earlier age. “It’s so critical, especially at a very young age, to expose kids to very simple financial scenarios,” says CPA Roshan Quraishi, financial consultant, William Osler Health System in Brampton and a financial literacy volunteer.