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	<title>Gustafson Accounting - Oak Bay Victoria Accountant</title>
	<link>http://www.gustafsonaccounting.ca</link>
	<description>James Gustafson is a Chartered Accountant practicing in Victoria, BC Canada</description>
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		<title>Non-resident Tax issues in Canada &#8211; A Primer</title>
		<description><![CDATA[Many people have heard of the idea of becoming non-resident for Canadian tax purposes.  Since the Canadian tax system is based on your residency becoming a non-resident means avoiding Canadian taxes in most, but not all, situations.  This blog does not address the steps needed to make yourself non-resident if you are currently a resident [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/non-resident-tax-issues-in-canada-a-primer</link>
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		<title>Most Overlooked tax breaks</title>
		<description><![CDATA[I recently gave an interview to the CBC regarding tax breaks that I have frequently seen missed by Canadians over the years.  You can see the whole article here, which also includes useful tips from well-known financial author Evelyn Jacks. Keep watching the CBC site for my next interview regarding income splitting opportunities. Share on [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/most-overlooked-tax-breaks</link>
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		<title>Incorporated? &#8211; T4/T5 deadline looms &#8211; Are you ready?</title>
		<description><![CDATA[If you have an incorporated business and pay yourself, family members or other employees a wage or dividends from your company then your company is required to file a Tslip information return to the CRA by no later than February 28th each year to report these payments.  Slips must also be issued to recipients by [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/incorporated-t4t5-deadline-looms-are-you-ready</link>
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		<title>Spousal Loans &#8211; How do they work?</title>
		<description><![CDATA[Spousal loans can work great in certain tax situations to shift investment income from a higher taxed spouse to a lower taxed one while also avoiding triggering the infamous &#8220;attribution rules&#8221; in the Income Tax Act.  This can result in significant tax savings that compound from year to year. Attribution rules So what is the [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/spousal-loans-how-do-they-work</link>
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		<title>Private Health Services Plan for Incorporated Professionals and Small Businesses</title>
		<description><![CDATA[A private health services plan (PHSP) can be a great vehicle for small business owners and incorporated professionals.  What is a PHSP?  Simply put it is like having your own extended health plan, allowing your company to pay for and deduct your own personal medical costs, and payments do not even count as taxable benefits [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/private-health-services-plan-for-business</link>
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		<title>It&#8217;s All About the Relationship</title>
		<description><![CDATA[Someone asked me the other day what it was that made me want to be an accountant.  It got me to thinking, and I finally said it was the relationships.  I believe that to be a good accountant it is important to have strong relationships with all your clients.  It is this process of developing [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/its-all-about-the-relationship</link>
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		<title>Corporate/Professional year end tax planning</title>
		<description><![CDATA[If you are an incorporated professional in Victoria or an incorporated businessperson have you considered your year end tax planning with your tax advisor? Things to be considering include: optimize your dividend/salary mix from your company &#8211; consider your cash requirements, the tax position of yourself and your family personally as well as corporate income [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/corporateprofessional-year-end-tax-planning</link>
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		<title>Moving expenses &#8211; a primer</title>
		<description><![CDATA[Have you recently moved to Victoria or Oak Bay?  Will you be earning income in Victoria from employment or a business?  Have you moved at least 40 km closer to your new place of employment?  If you answered yes to all of these questions then you may be eligible to deduct many of your costs [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/moving-expenses-a-primer</link>
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		<title>Year end Donation time &#8211; Be careful with donation schemes</title>
		<description><![CDATA[For many people as year end approaches so does the planning for this year&#8217;s donations.  From a tax perspective donating later in the year makes sense, because it minimizes the time from when you make the donation to when you get to claim the credit on your tax return, and recover part of your donation [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/year-end-donation-time-be-careful-with-donation-schemes</link>
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		<title>2010 Personal Tax Tips</title>
		<description><![CDATA[It&#8217;s starting to be that time to consider your 2010 personal tax returns. Here are some of the key changes from the 2010 Federal Budget to be on the lookout for when considering your own situation. RDSP contributions can now (effective March 4, 2010) be made via a rollover from a deceased contributor&#8217;s RRSP account [...]]]></description>
		<link>http://www.gustafsonaccounting.ca/blog/uncategorized/2010-personal-tax-tips</link>
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