Dedicated to the Success of Your Business

Jacoby and Games Chartered Professional Accountants has been serving the Victoria, BC region for over 25 years. We are a group of dedicated professionals who firmly believe the best measure of our success is the success of our clients. 

Dedicated to the Success of Your Business

Jacoby and Games Chartered Professional Accountants has been serving the Victoria, BC region for over 25 years. We are a group of dedicated professionals who firmly believe the best measure of our success is the success of our clients.

Recent Tax Updates

New Record Keeping

If you have a federally incorporated company there is a new requirement for record keeping that lists individuals with significant control. Call your lawyer for details. Deadline is June 13, 2019.

BC Speculation Tax

All owners of residential property in the taxable regions of BC should have registered their property by now. If not, they may receive a bill for a tax of which they are not liable.

Employer Health Tax

This is an annual tax on an employer's BC remuneration paid to employees. If you are required to pay instalments in 2019 the deadline to register is May 15, 2019.

We are a client-centred accounting firm that focuses on your goals. We help you make sense of financial statements, corporate & personal taxes, financial management, business valuations, estate planning, and a variety of other accounting matters. Our goal is to simplify your finances so you can focus on what matters to you – whether it’s growing your business or planning for your future. 

We are Chartered Professional Accountants who have been serving Victoria & Area businesses and individuals for over 25 years. We are members of CPA Canada and Victoria Downtown Business Association.

Business – Taxes

Reimbursement For Work Clothing: Taxable

In an April 17, 2019 Technical Interpretation, CRA was asked whether clothing reimbursements paid to maintenance employees were taxable benefits. Employees were not required to wear specific uniforms and were reimbursed based on receipts, to an annual maximum. CRA referred

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Business – Taxes

Special Work Site Allowance: Home Base Needed

In a January 29, 2019 Technical Interpretation, CRA discussed the criteria for tax-exempt allowances for board and lodging received for periods an employee was working at a special work site. To be a special work site, the following criteria must

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Special Interest

First-Time Home Buyer Incentive: New Possibility

Budget 2019 proposed the new Canada Mortgage and Housing Corporation (CMHC) first-time home buyer incentive, which is a shared equity mortgage that would give eligible first-time home buyers the ability to lower their borrowing costs by sharing the cost of buying a home with CMHC. Funding of 5% of the home purchase price would be available, enhanced to 10% if the home is newly constructed.

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