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THE PINNACLE PAC BLOG
Building Your Balance Sheet – A Primer for Contractors Applying for Bonding
Many contractors face bonding requirements in the form of bid bonds and performance bonds. The companies that provide these bonds want assurance that they are taking acceptable risks when providing bonds. Risk assessment includes a regular review of a contractor’s...
4 Steps to Help You Achieve Work-Life Balance
Of course different things work for different people, but these steps could probably apply to most of our busy, distracted, multi-tasking, first world lifestyles. In a Harvard Business School survey, 94% of working professionals reported working more than 50 hours per...
The Importance of Orientation
Pinnacle has the good fortune of having a new team member join us this month (welcome Melissa). Something we have learned over the years as we’ve grown and shrunk and grown again, is how important a robust orientation for new team members is. We know that the best...
Living Out Allowances
“Living Out Allowances” or “Subsistence Expenses” are a great way to get funds out of a corporation and into the shareholder’s hands on a tax free basis. A number of our clients work in the resource sector – support services for mining, forestry, oil & gas, etc. ...
Commonly Reviewed Personal Tax Deductions by CRA
Another personal tax filing deadline has come and gone. Now is the time when you receive an unexpected letter from the Canada Revenue Agency (CRA), notifying you that they will be conducting a review of some of your expenses. The CRA reviews or audits hundreds of...
Superhero Extraordinary
Faster than the run in her nylons. Able to leap small children in a single stride. She’s the Working Mom. We all have busy lives these days but as a working mom, you might feel like you are a super hero with all that you can accomplish in a day. Pat yourself on the...
American Selling Canadian Property
As a non-resident investor in Canadian real property, you are required to advise the Canada Revenue Agency (CRA) within 10 days of selling your investment. Normally, this takes the form of an application for a Clearance Certificate since the person who bought the...
We Don’t Love Tax Returns (we don’t even like them)
Funny?…but we don’t love tax returns (we don’t even like them) Accountant = tax return. Right? Wrong. We don’t love tax returns. I’m talking about the personal returns. The ones due at the end of April. With endless slips and receipts and schedules and forms and...
Pinnacle PAC is Hiring!
We're looking for an Accounting Technician. We are a results oriented firm with a focus on fun, freedom, and flexibility. We believe people should live great lives. We are leading the transformation of our industry; the transformation of the practice of accounting -...
New Family Income Splitting Initiative
When the PMO announced the new family income splitting initiative there was a lot of excitement among families. You’ve probably heard a fair share of criticism as well (which is to be expected when there’s politics involved). But what’s really going on with the family...
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