March 2022

The Canada Media Fund: What You Need to Know
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The Canada Media Fund: What You Need to Know

Business, Technology

The Canada Media Fund: What You Need to Know

By Virtual Heights|2022-04-02T01:57:30+00:00March 25th, 2022|Business, Technology|

If you’re looking for help funding your digital media project, check out the Canada Media Fund. This Fund helps with projects in the audiovisual entertainment space. With several programs grouped into two main streams, there’s a good chance the Fund has something for your project. Read on to learn more. History of the Canada Media Fund Funded by the Federal government in connection with Canadian cable, satellite, and IPTV distributors, the Canada Media Fund (CMF) was started in 2010. According to Unesco, aligning with the priorities of the Government of Canada, the Fund’s goals include providing financing for the “sustainable production [...]

Will Your Wise Account Trigger Foreign Income Verification?

By Virtual Heights|2022-08-16T15:55:29+00:00March 25th, 2022|Business, Taxes|

For those of you with a Wise account, you may have realized the perks of receiving money internationally and spending locally. With the ease of doing business virtually comes the possibility of international banking becoming a day-to-day occurrence. Canadian tax laws set out certain reporting requirements when it comes to international banking. Having a Wise account is convenient, but there are key things to be aware of so you don’t get stuck with tax penalties. What is a Wise Account? Wise recently changed its name from TransferWise. They set out to provide a better solution for international money transfers. In their [...]

Virtual Heights Accounting Earns Xero Gold Partner Status

By Virtual Heights|2022-03-12T05:10:14+00:00March 12th, 2022|Accounting, Xero|

Virtual Heights Accounting is excited to share that we are officially Gold Partner status with Xero. From day one, Xero has been our go-to accounting app, so we are excited to achieve this milestone and pass along some great benefits to our clients in the process. Xero is the go-to app for real-time accounting. When your books and Records are accurate and up-to-date (in real time), you can make informed and effective decisions now, not six months from now. This offers you the benefits of reaching your business goals faster and the ability to pivot if necessary. What is a Gold [...]