Nexora CPA

Burnaby

An accountant for Burnaby professionals and owner-managed companies.

Corporate and personal tax planned together for Burnaby professionals and business owners.

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Burnaby clients

Where we help Burnaby clients most.

Burnaby clients are a short SkyTrain ride from our office on the Expo and Millennium lines, and most work with us by video and secure portal. If you'd rather meet in person, we're happy to come to you.

Incorporated professionals

Physicians, dentists, engineers and consultants with a professional corporation and questions about pay and investments.

Owner-managed companies

Technology, service and trading companies that want their year-end, payroll and planning handled by one team.

Health practitioners and clinics

Clinic owners and practitioners working as contractors at one or more clinics.

Condo owners and investors

Rental condos and pre-sale assignments reported correctly, with sales planned in advance.

For incorporated professionals

The questions Burnaby professionals ask us most.

Salary, dividends or both

How to pay yourself each year, weighing RRSP room, CPP, your cash needs and the corporation's tax position.

Surplus inside the corporation

Passive investment income above $50,000 a year starts to reduce the small business deduction, so where and how you invest matters.

Family members

Paying a spouse or adult children is limited by the tax on split income (TOSI) rules. We check what still works before anything is paid.

Industry guides

Guides for Burnaby clients.

Local guide

Tax notes for Burnaby professionals and owners.

Burnaby has a strong mix of incorporated professionals, technology and service companies, and condo owners. These are the questions we see most from Burnaby clients.

Professional corporations

For engineers, consultants, physicians and dentists with a professional corporation, the main decisions are how to pay yourself, how much to leave in the corporation and how to invest it without losing the small business deduction.

Technology and service companies

  • Owner pay and shareholder agreements for multi-owner companies
  • Payroll and contractor reporting
  • GST on services sold to clients in Canada and abroad
  • Year-end statements for investors or lenders
Presale condo assignments

Assigning a presale condo contract is generally subject to GST, and the profit may be taxed as business income rather than a capital gain, especially for short holds. Talk to us before you assign.

Condo rentals

Strata fees, property tax, interest and insurance are deductible against rental income. Depreciation is optional and can be recaptured on sale, so we decide each year whether claiming it makes sense.

Meeting with us

Burnaby clients are a short SkyTrain ride from our downtown office on the Expo and Millennium lines, and most work with us by video and secure portal.

Have a question about your situation?

Book a call

Working with us

Working with us from Burnaby.

01

Start with a short call

We learn what you need and give you a quote upfront.

02

Connect securely

You authorize us with the CRA and share documents through our secure client portal.

03

We do the work

Your file is prepared and reviewed by a CPA, with questions sent as they come up.

04

Review together

We walk you through the results by phone, video, at our office or wherever suits you.

Questions

Common questions.

Do you have an office in Burnaby?

No, we're downtown Vancouver, but we're happy to meet you anywhere in Burnaby, even at a local café.

Should my professional corporation pay me salary or dividends?

It depends on your income, RRSP room and the company's tax position. Most owners use a mix, planned yearly.

Can you work with my financial advisor?

Yes. With your permission, we coordinate with your advisor on personal and corporate investments.

Is GST charged when I assign a presale condo?

Generally yes. Assignment sales of new residential presales are taxable for GST purposes.

How are fees set?

Fees depend on the size and complexity of your file. We give you a quote upfront after a short first call.

Talk to a CPA about your Burnaby corporation.

Book a call