Pivot Advantage Accounting and Advisory

🚨 Stop the new 7% PST on essential business services in BC 🚨

BC is proposing to add 7% PST to services many businesses and strata corporations can’t avoid—including security services, accounting/bookkeeping, and strata/property management (effective Oct 1, 2026, if approved).

This isn’t just a “business issue.” When strata corporations pay more for management, accounting, and security, those costs get passed on—meaning higher strata fees and higher monthly living costs for people in condos, apartments, and multiplexes.

✅ Add your name to the petition now:
https://www.change.org/p/petition-stop-the-7-pst-on-business-services-in-british-columbia?recruiter=618759059&recruited_by_id=0c8f4220-9c0a-11e6-a6b8-b512ef160406&utm_source=share_petition&utm_campaign=starter_onboarding_share_personal&utm_medium=copylink&share_id=d5BTxxJZN7

💬 After signing, comment “SIGNED” and share this post—let’s protect small businesses and everyday households.

Sign the Petition 📢 PETITION: STOP THE 7% PST ON BUSINESS SERVICES IN BRITISH COLUMBIA

Canadian Dental Care Plan expands to include millions of new eligible Canadians

https://www.canada.ca/en/health-canada/news/2025/03/canadian-dental-care-plan-expands-to-include-millions-of-new-eligible-canadians.html

Applications will open by age group:
* May 1: 55 to 64 years old
* May 15: 18 to 34 years old
* May 29: 35 to 54 years old

To qualify for the CDCP, applicants must:
* Not have access to dental insurance.
* Have filed their individual 2024 tax return in Canada (and their spouse’s or common-law partner’s, if applicable)
* Have an adjusted family net income of less than $90,000
* Be a Canadian resident for tax purposes

Canadian Dental Care Plan expands to include millions of new eligible Canadians Today, the Honourable Kamal Khera, Minister of Health, accompanied by the Honourable Ali Ehsassi, Minister of Government Transformation, Public Services and Procurement announced that all remaining eligible Canadians aged 18 to 64 years-old will be able to apply for the CDCP in May 2025; with covera...

We welcome Prime Minister Mark Carney’s announcement that his government will cancel the proposed increase to the capital gains inclusion rate.

💸 GST/HST Payments Go Out This Week! 💸

If you’re a low to modest-income earner, you might be eligible for the latest round of GST/HST payments! Check your account as the CRA releases payments on October 4th, 2024. 💼

Eligible individuals can receive:

$519 for singles

$680 for married/common-law families

Plus, $179 for each child under 19

Make sure your CRA info is up-to-date! Visit CRA GST/HST Credit Info for more details.

https://www.canada.ca/en/revenue-agency/services/child-family-benefits/goods-services-tax-harmonized-sales-tax-gst-hst-credit.html

GST/HST credit - Overview - Canada.ca The GST/HST credit is a tax-free quarterly payment for eligible individuals and families that helps offset the GST or HST that they pay.

Join us on September 25th, 2024, at 7 PM for an exclusive event designed specifically for business owners of Canadian-Controlled Private Corporations.

📈 What You Will Learn:

Differences between self-employment and incorporation.

Pros and cons of salary versus dividends.

Ways to protect your wealth across different stages: early, growth, retirement, and transfer stages.

Building tax-efficient retirement income and assets while offsetting future capital gains tax risks.

Don't miss this opportunity to advance your financial knowledge and make empowered decisions that will shape the future of your business.

📍 Scan the QR code in the image to register and secure your spot! Let's elevate your financial strategy to the next level! See you there!



🔗 Link to Register

https://docs.google.com/forms/d/e/1FAIpQLSeHuNADMAjllj_pu-I8S5mv96m70lZzqcd6GXZUMDsjGI_E4w/viewform

Raymond had an amazing time yesterday as a guest speaker at the Business + Money seminar for business owners 🎤 Raymond shared some key insights on when to consider incorporating a business, the pros and cons of taking a salary versus dividends, and a few strategies on how to maximize business cash flows. 💼💡

The best part? The engagement! 🙌 There were lots of great questions and lively discussions. I really enjoyed the interaction and the chance to connect with so many passionate entrepreneurs. 🤝

Raymond had a great time speaking at the "How to Beat the Tax Man" event for business owners! He covered some of corporate restructuring strategies to save on taxes for business owners. Thanks to everyone who joined the discussion—your questions and insights made it a fantastic experience.

Business Owner In Vancouver? Paying EXTRA in Taxes this year? 😭

Check Comments 👇👇👇

Starting July 2024, the CRA will begin taking legal action to recover COVID-19 benefit overpayments from individuals with the financial capacity to repay but who have not responded to previous attempts. Avoid legal measures by paying your debt immediately or contacting the CRA to arrange a payment plan. Learn more here

COVID-19 benefits – The Canada Revenue Agency is moving to the next phase of debt recovery - Canada.ca The Canada Revenue Agency (CRA) is responsible for collecting individual overpayments for all COVID 19 benefit programs, such as the Canada Emergency Response Benefit (CERB), the Canada Recovery Benefit (CRB) and the Canada Worker Lockdown Benefit (CWLB).