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Lott & Company Professional Corporation is very pleased to announce that Julie Luk, CPA, CA has recently become a partner in the firm. Julie joined the firm in 2015 after completing her Master of Accounting degree through the co-operative program at University of Waterloo. Julie progressed rapidly at the firm becoming a manager in 2018 and more recently was promoted ...
Personal Services Business Operating as a Personal Services Business (PSB) can have serious tax implications and increased scrutiny from the Canada Revenue Agency (CRA). A PSB is a specific tax classification in Canada that applies to businesses where an individual provides services to another entity (usually a corporation) through their own corporation. First, let’s address the key characteristics of a ...
