C.L.A Financial Management Services Inc

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C.L.A Financial Management Services Inc We can offer our services 100% online, or face-to-face, paper or paperless! And we can come to you!

02/19/2025

We've moved!
Come see us in Armstrong.
3440 Springview Place.
M-Th, 9-5

We love working with business owners that want to understand their financial anxieties, but know there are always limita...
02/07/2023

We love working with business owners that want to understand their financial anxieties, but know there are always limitations to doing it all yourself! Remember that we are always here to help.

If this is the first year you're filing taxes with a dependant, make sure to prep early to alleviate the stress!Look out...
02/01/2023

If this is the first year you're filing taxes with a dependant, make sure to prep early to alleviate the stress!

Look out for your T4's coming from yours and your partner's employers this month, as well as any added medical expenses.

Don't forget to come out for one of Vernon's favourite events, the hot air balloon lighting at Vernon's Winter Carnival!...
01/30/2023

Don't forget to come out for one of Vernon's favourite events, the hot air balloon lighting at Vernon's Winter Carnival! The festivities will be running from February 1st until the 6th, with the balloon lighting at Polson Park on February 3rd.

Did you know, filing for home office tax deductions doesn't necessarily mean you'll be scrutinized or audited?Many peopl...
01/26/2023

Did you know, filing for home office tax deductions doesn't necessarily mean you'll be scrutinized or audited?

Many people have opted to work full time from home as a more permanent option to better suite their lifestyle. As long as you have a designated area in your house that is used for office purposes, and it is the principal location of your business, you should be able to claim deductions.

We wish you a prosperous Year of the Rabbit!
01/22/2023

We wish you a prosperous Year of the Rabbit!

The new year means tax season is dawning upon us. It's never too early to speak to an advisor about what potential chang...
01/18/2023

The new year means tax season is dawning upon us. It's never too early to speak to an advisor about what potential changes to your tax submittal this year, such as income tax changes, or carry-forward amounts. Reach out to one of our advisors today!

There are some major incentives being put in place this year to help make purchasing a home more affordable for young Ca...
01/16/2023

There are some major incentives being put in place this year to help make purchasing a home more affordable for young Canadians.

1. There is now a two-year ban on foreign purchases of Canadian houses to ensure houses are used as homes to live in, and not used as financial assets for foreign investors.

2. A new 1% annual vacant home tax on foreign-owned underused housing now applies to make the housing market more affordable for Canadians, and to ensure that non-resident owners of Canadian housing pay their fair share of tax.

3. Investigation of speculation that contributes to higher home prices by applying the GST/HST Tax to all assignment sales of newly constructed housing.

Did you know, revenue and profit are two of the most important financial metrics to track? Revenue is the total generate...
01/11/2023

Did you know, revenue and profit are two of the most important financial metrics to track?

Revenue is the total generated income from a business's sales, while profit is the portion of that income that remains after deducting the company's costs, debts, taxes, and other expenses.

All businesses experience fluctuating market conditions. Particularly now with how connected we are globally, market flu...
01/09/2023

All businesses experience fluctuating market conditions. Particularly now with how connected we are globally, market fluctuations happen quicker than ever. While we can't always forecast these types of changes, we can still plan for market dips through budgeting for the worst!

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3440 Springview Place
Armstrong, BC

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