The team at Lohn Caulder would like to congratulate one of our own – Paolo Amoruso on successfully passing the UFE, the last exam ever to be written for the CA program. We could not be more proud and are excited to add another CPA, CA to the team. Great work Paolo!
On behalf of everyone at Lohn Caulder LLP, we would like to congratulate Kelly Lohn, one of our founding partners, on receiving the distinction of FCA.
The F in FCA stands for Fellowship and is awarded to individuals within the CA accounting designation for their many years of work with the CA Institute, their career, their community service, or their professional or academic contributions to the field of accounting.
Kelly has always been very active in the accounting profession at both the provincial and national levels, contributing his time to a number of committees and volunteering locally. You can read the history of Kelly’s accounting career at CPABC’s website on page 20 of the February 2015 digital booklet.
We cannot think of a person more deserving than Kelly and all of us at Lohn Caulder LLP are honoured to be a part of his team.
If you are a non-resident with a Canadian rental property here is a guide of your tax filing obligations, important due dates and other issues you should be aware of.
Tax Filing Obligations
- The tenant or property manager has an obligation to withhold non-resident tax at a rate of 25% on the gross rental income paid to a non-resident;
- The tax should be sent to the Canada Revenue Agency (CRA) on or before the 15th day of the month following the month the rental income is paid;
- The payer would have to prepare a NR4 slip to provide you the gross amount of the rental income and the amount that was remitted to the CRA, annually.
You could then elect under Section 216 of the Income Tax Act to pay tax on only your net rental income instead of the gross amount. Please note that you only have a two year period to make this election.
Congratulations to our successful UFE writers – Arthur Chan, Grace Huang, Elaine Law, and Spencer Scheideman. Congratulations to all of you, we are very proud of your achievements!
Lohn Caulder was at the 2014 Vancouver & District Dental Society Midwinter Clinic to support the dental community in the lower mainland. We want to thank everyone that came by to our booth, we had some great questions and conversations.
Lastly we would like to congratulate Robyn Kent, the winner of our Canucks tickets prize draw. Thank you to everyone who entered.
Kelly Lohn attended the semi-annual meeting of the Small and Medium Sized Practices Advisory Group with the Canadian Institute of Chartered Professional Accountants / Chartered Accountants in Toronto. This is a national committee that Kelly sits on advising the national institute on public practice matters. Topics discussed included pending publications; certification, CPA Canada website; affinity programs; professional learning and development and tax update.
Gordon Caulder, Scott Larson and Kelly Lohn attended the Annual Worldwide Meeting of BKR International in San Francisco. The annual conference’s theme was “Celebrating 25 years of making global connections”. Lohn Caulder LLP is the Western Canadian affiliate of BKR International; an association of independent accounting firms around the world. 90 firms were in attendance at the meeting which had seminars on international tax issues; staff motivation, cloud computing and new technology.
On behalf of the entire Lohn Caulder staff we wish all 5 of our Uniform Evaluation (UFE) writers, including Arthur Chan, Elaine Law, Grace Huang, Paolo Amoruso, and Spencer Scheideman, the best of luck in their 3 days of exams!