Before You File: Meet North Vancouvers Leading Tax Experts
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Understanding North Vancouvers Tax Landscape: What You Need to Know
Before you even begin to tackle the intricate web of North Vancouvers tax landscape, its essential that youre well-informed – one misstep could be, well, taxing (pardon the pun!). Read more about Income Tax Services Near North Vancouver here. Now, I aint saying its an easy feat, but with guidance from the leading tax experts in the area, youll navigate these waters just fine.
First off, lets chat about these experts, eh? Theyre a savvy bunch, with years of experience under their belts. Theyve seen it all: from the simplest of filings to the most complex of corporate returns. Whats more, theyre up-to-date with the latest changes in tax laws, which – lets face it – change more often than our infamous rainy weather!
Now, when you meet with a tax expert, dont expect a one-size-fits-all solution. No, no – theyll tailor their advice to your unique situation. Financial analysis Whether youre a freelancer juggling multiple gigs or a business owner investing in growth, theyve got the know-how to maximize your returns and minimize your liabilities.
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And trust me, in North Vancouvers tax landscape, thats no small feat!
However, dont forget (and this is crucial), youve gotta keep your records straight. Messy books are a tax experts nightmare! Business financial statements Receipts, invoices, statements – keep em organized! Itll save you a headache come filing time, and your expert will thank you for it.
The deadline! It looms like the Lions Gate Bridge in a fog – inevitable and, if youre not prepared, a bit daunting. But with a tax expert on your side, youll face it with confidence. Financial compliance Theyre like navigators in the mist, steering you clear of penalties and ensuring you take advantage of every credit and deduction youre entitled to.
In conclusion, understanding North Vancouvers tax landscape isnt a walk in Stanley Park.
Before You File: Meet North Vancouvers Leading Tax Experts - Accounting training
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But with the leading tax experts in your corner, youll be more than ready to file with ease. Just remember, every detail counts (and those receipts wont sort themselves!). With expert advice and a bit of preparation, youll come out on top – and maybe, just maybe, with a bit more in your pocket than you expected!
The Top Tax Advisors in North Vancouver: Who to Trust With Your Returns
Oh boy, when it comes to sorting out taxes, its no walk in the park, eh? If youre eyeballing that tax return with a mix of dread and confusion, its probably time to call in the cavalry. And by cavalry, I mean the top tax advisors right here in North Vancouver. These folks!
Before You File: Meet North Vancouvers Leading Tax Experts - Accounting ethics
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Theyre the ones you can trust to make sense of those pesky numbers and forms.
Now, lets get one thing straight: not all tax experts are created equal. Income tax services Some have a knack for finding every last deduction, while others, well, they might not be up to snuff. But dont fret! The leading tax experts in North Vancouver? Theyre a different breed. Theyve got the credentials thatll put your mind at ease (and maybe even make tax season a bit less daunting).
Before you file, let me introduce you to some of North Vancouvers finest.
Before You File: Meet North Vancouvers Leading Tax Experts - Accounting and consulting
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Theres this one guy, lets call him Dave. Hes been crunching numbers for over a decade and has a loyal client base that swears by his services. And then theres Susan – oh, shes a wizard with self-employed folks; knows all the ins and outs of write-offs and expenses like the back of her hand. But dont take my word for it, give em a ring and see for yourself!
Now, Ive gotta say, its crucial to pick someone whos got a solid track record. You dont want to end up with an advisor whos all talk and no action (and, lets be honest, that could land you in a bit of hot water with the CRA). The best advisors, theyre the ones who stay updated with tax laws, so you wont miss a beat (or a credit!).
Its worth mentioning (just between us) that not everyone loves talking taxes – its like pulling teeth for some! Financial reporting standards But the right advisor can turn that around, making the process smooth and, dare I say, almost enjoyable.
And hey, dont just rush into it. Meet with a couple of em, ask your questions, and see who you click with. Its not just about expertise; its about feeling comfortable and confident in their hands.
So, before you file, take a breath, do a little homework, and find yourself one of North Vancouvers leading tax experts. It could mean the difference between a return thats just okay and one thats spot-on. Your wallet (and your peace of mind) will thank you!
Navigating Complex Tax Situations with North Vancouvers Best
Before you even think about tackling your taxes, its crucial to get acquainted with the finest tax gurus in North Vancouver! These experts are not just your average number crunchers; theyre seasoned veterans in navigating the labyrinth of tax laws and regulations. With their guidance, complex tax situations become more like a walk in the park (albeit a walk that requires a lot of paperwork and understanding of tax code).
Now, lets be real, tax season can induce more groans than a bad joke at a dinner party. And its no wonder-theres a maze of rules that seem to change every year, and lets not talk about the headache when dealing with unusual financial circumstances. But, heres the silver lining: North Vancouvers leading tax professionals are well-equipped to lead you through this maze. Theyve seen it all, from the straightforward to the mind-bogglingly complicated, and theyre up-to-date with the latest changes (which, trust me, is a feat in itself).
When you meet these experts, youll notice their knack for making the complex seem simple; its like theyve got a sixth sense for this stuff. And while they might be fast with numbers, dont expect their advice to be anything short of thorough. Theyll pore over your financial documents with a fine-tooth comb, ensuring not a single deduction or credit is missed. Accounting firm Its their mission to maximize your returns or minimize your liabilities, depending on which side of the tax coin youre on.
But hold on, dont just take my word for it. The proof is in the pudding (or in this case, the tax returns theyve expertly prepared). Clients rave about their attention to detail and the personalized strategies they offer. And yes, theyre busy folks, especially around tax season, but they always find the time to answer questions, no matter how trivial they may seem.
Of course, no ones perfect-not even North Vancouvers best. They might miss a comma in an email or keep you on hold for a tad longer than youd like when you call. But when it comes to your taxes, theyre as close to perfection as you can get.
So before you file, do yourself a favor and reach out to these tax maestros. Whether youre a freelancer with a spaghetti bowl of income streams or a business owner facing a mountain of receipts, theyre the go-to pros. And while taxes are certainly not everyones cup of tea, with North Vancouvers leading tax experts by your side, youll be saying, "Bring it on!" in no time. Just remember, its not about avoiding taxes (thats a big no-no), its about understanding them-and thats exactly what these experts will help you do.
Preparing for Your Appointment: Essential Documents and Information for a Smooth Tax Filing Process
Oh, the tax seasons upon us once again! Its that time of year when folks in North Vancouver (and, well, everywhere else) scramble to get their financial affairs in order. Personal tax returns If youre prepping for that inevitable appointment with your trusted tax expert, you know, the one who can make sense of those baffling numbers and forms, heres a bit of advice to smooth out the process.
First off, youll wanna gather all those essential documents. Were talking about your T4 slips, receipts for any charitable donations, medical expenses, and, of course, any RRSP contribution receipts. Accounting training And dont forget about those T5s or T3s if youve got investments. Its a real headache, aint it?
Before You File: Meet North Vancouvers Leading Tax Experts - Income tax services
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But no pain, no gain (or in this case, no correct refund or balance owing)!
Now, heres a kicker – make sure to dig up last years notice of assessment too. Its super important, as it can affect this years filing. And while youre at it, if youve got any changes to your personal info (like a new address or changes in your marital status), thats gotta be front and centre.
Let me tell ya, nothing makes a tax professional happier than a client who comes in with all their ducks in a row (well, maybe except for a surprise audit cancellation)! So, make sure to check twice, or even thrice, to ensure youre not missing anything. Its not just about being thorough; its about saving yourself from the back-and-forth that can happen if youve left something out.
And hey, if youre self-employed or have rental income, the paperwork can be a beast! Keep those receipts and records tidy throughout the year; itll save you a mountain of time come tax season. Trust me, your future self will thank you!
Ah, and theres one more thing! Dont hesitate to jot down any questions or concerns you might have.
Before You File: Meet North Vancouvers Leading Tax Experts - Accounting training
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Tax laws are as clear as mud sometimes, and theres no shame in needing a bit of clarification. Your tax expert is there to help, after all.
So, take a deep breath (and maybe a sip of coffee) and get ready to tackle tax season like a champ. With all your essential documents and info at hand, youre sure to impress your tax guru and make the process a breeze! And remember, its not about making it perfect – a few stumbles along the way are totally normal.
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Just keep your eye on the prize: a smoothly filed tax return! Accounting advisory services
The owners of businesses who operated on Lonsdale, as part of an initiative led by Keith and Mahon, brought a petition to the district council in 1905, calling for a new, compact city to be carved out of the unwieldy district.
The early history of finance parallels the early history of money, which is prehistoric. Ancient and medieval civilizations incorporated basic functions of finance, such as banking, trading and accounting, into their economies. In the late 19th century, the global financial system was formed.
In the middle of the 20th century, finance emerged as a distinct academic discipline,[b] separate from economics.[1] The earliest doctoral programs in finance were established in the 1960s and 1970s.[2] Today, finance is also widely studied through career-focused undergraduate and master's level programs.[3][4]
Bond issued by The Baltimore and Ohio Railroad. Bonds are a form of borrowing used by corporations to finance their operations.Share certificate dated 1913 issued by the Radium Hill CompanyNYSE's stock exchange traders floor in 1963, before the introduction of electronic readouts and computer screensChicago Board of TradeCorn Futures market, 1993Oil traders, Houston, 2009
As outlined, the financial system consists of the flows of capital that take place between individuals and households (personal finance), governments (public finance), and businesses (corporate finance). "Finance" thus studies the process of channeling money from savers and investors to entities that need it.[c] Savers and investors have money available which could earn interest or dividends if put to productive use. Individuals, companies and governments must obtain money from some external source, such as loans or credit, when they lack sufficient funds to run their operations.
In general, an entity whose income exceeds its expenditure can lend or invest the excess, intending to earn a fair return. Correspondingly, an entity where income is less than expenditure can raise capital usually in one of two ways: (i) by borrowing in the form of a loan (private individuals), or by selling government or corporate bonds; (ii) by a corporation selling equity, also called stock or shares (which may take various forms: preferred stock or common stock). The owners of both bonds and stock may be institutional investors—financial institutions such as investment banks and pension funds—or private individuals, called private investors or retail investors. (See Financial market participants.)
The lending is often indirect, through a financial intermediary such as a bank, or via the purchase of notes or bonds (corporate bonds, government bonds, or mutual bonds) in the bond market. The lender receives interest, the borrower pays a higher interest than the lender receives, and the financial intermediary earns the difference for arranging the loan.[6][7][8] A bank aggregates the activities of many borrowers and lenders. Banks accept deposits from individuals and businesses, paying interest on these funds. The bank then lends these deposits to borrowers. Banks facilitate transactions between borrowers and lenders of various sizes, enabling efficient financial coordination.
Investing typically entails the purchase of stock, either individual securities or via a mutual fund, for example. Stocks are usually sold by corporations to investors so as to raise required capital in the form of "equity financing", as distinct from the debt financing described above. The financial intermediaries here are the investment banks (which find the initial investors and facilitate the listing of the securities, typically shares and bonds), the securities exchanges (which allow their trade thereafter), and the various investment service providers (including mutual funds, pension funds, wealth managers, and stock brokers, typically servicing retail investors).
As outlined, finance comprises, broadly, the three areas of personal finance, corporate finance, and public finance. These, in turn, overlap and employ various activities and sub-disciplines—chiefly investments, risk management, and quantitative finance.
Personal finance refers to the practice of budgeting to ensure enough funds are available to meet basic needs, while ensuring there is only a reasonable level of risk to lose said capital. Personal finance may involve paying for education, financing durable goods such as real estate and cars, buying insurance, investing, and saving for retirement.[9] Personal finance may also involve paying for a loan or other debt obligations. The main areas of personal finance are considered to be income, spending, saving, investing, and protection. The following steps, as outlined by the Financial Planning Standards Board,[10] suggest that an individual will understand a potentially secure personal finance plan after:
Purchasing insurance to ensure protection against unforeseen personal events;
Understanding the effects of tax policies, subsidies, or penalties on the management of personal finances;
Understanding the effects of credit on individual financial standing;
Developing a savings plan or financing for large purchases (auto, education, home);
Planning a secure financial future in an environment of economic instability;
Pursuing a checking or a savings account;
Preparing for retirement or other long term expenses.[11]
Corporate finance deals with the actions that managers take to increase the value of the firm to the shareholders, the sources of funding and the capital structure of corporations, and the tools and analysis used to allocate financial resources. While corporate finance is in principle different from managerial finance, which studies the financial management of all firms rather than corporations alone, the concepts are applicable to the financial problems of all firms,[12] and this area is then often referred to as "business finance".
Capital budgeting: selecting which projects to invest in—here, accurately determining value is crucial, as judgements about asset values can be "make or break".[14]
Dividend policy: the use of "excess" funds—these are to be reinvested in the business or returned to shareholders.
Financial managers—i.e. as distinct from corporate financiers—focus more on the short term elements of profitability, cash flow, and "working capital management" (inventory, credit and debtors), which is concerned about the daily funding operations, and the goal is to maintain liquidity, minimize risk and maximize efficiency ensuring that the firm can safely and profitably carry out its financial and operational objectives; i.e. that it: (1) can service both maturing short-term debt repayments, and scheduled long-term debt payments, and (2) has sufficient cash flow for ongoing and upcoming operational expenses. (See Financial management and FP&A.)
Public finance describes finance as related to sovereign states, sub-national entities, and related public entities or agencies. It generally encompasses a long-term strategic perspective regarding investment decisions that affect public entities.[15] These long-term strategic periods typically encompass five or more years.[16] Public finance is primarily concerned with:[17]
Share prices listed in a Korean newspaper"The excitement before the bubble burst"—viewing prices via ticker tape, shortly before the Wall Street crash of 1929A modern price-ticker. This infrastructure underpins contemporary exchanges, evidencing prices and related ticker symbols. The ticker symbol is represented by a unique set of characters used to identify the subject of the financial transaction.
Investment management[12] is the professional asset management of various securities—typically shares and bonds, but also other assets, such as real estate, commodities and alternative investments—in order to meet specified investment goals for the benefit of investors.
As above, investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts or, more commonly, via collective investment schemes like mutual funds, exchange-traded funds, or real estate investment trusts.
In a well-diversified portfolio, achieved investment performance will, in general, largely be a function of the asset mix selected, while the individual securities are less impactful. The specific approach or philosophy will also be significant, depending on the extent to which it is complementary with the market cycle.
Risk management, in general, is the study of how to control risks and balance the possibility of gains; it is the process of measuring risk and then developing and implementing strategies to manage that risk. Financial risk management[20][21] is the practice of protecting corporate value against financial risks, often by "hedging" exposure to these using financial instruments. The focus is particularly on credit and market risk, and in banks, through regulatory capital, includes operational risk.
Quantitative finance—also referred to as "mathematical finance"—includes those finance activities where a sophisticated mathematical model is required,[25] and thus overlaps several of the above.
As a specialized practice area, quantitative finance comprises primarily three sub-disciplines; the underlying theory and techniques are discussed in the next section:
Decision trees, a more sophisticated valuation-approach, sometimes applied to corporate finance "project" valuations (and a standard[28] in business school curricula); various scenarios are considered, and their discounted cash flows are probability weighted.
The tools addressed and developed relate in the main to managerial accounting and corporate finance: the former allow management to better understand, and hence act on, financial information relating to profitability and performance; the latter, as above, are about optimizing the overall financial structure, including its impact on working capital. Key aspects of managerial finance thus include:
Financial planning and forecasting
Capital budgeting
Capital structure
Working capital management
Risk management
Financial analysis and reporting.
The discussion, however, extends to business strategy more broadly, emphasizing alignment with the company's overall strategic objectives; and similarly incorporates the managerial perspectives of planning, directing, and controlling.
The "efficient frontier", a prototypical concept in portfolio optimization. Introduced in 1952, it remains "a mainstay of investing and finance".[30] An "efficient" portfolio, i.e. combination of assets, has the best possible expected return for its level of risk (represented by the standard deviation of return).Modigliani–Miller theorem, a foundational element of finance theory, introduced in 1958; it forms the basis for modern thinking on capital structure. Even if leverage (D/E) increases, the weighted average cost of capital (k0) stays constant.
The discipline has two main areas of focus:[26]asset pricing and corporate finance; the first being the perspective of providers of capital, i.e. investors, and the second of users of capital; respectively:
The Black–Scholes formula for the value of a call option. Although lately its use is considered naive, it has underpinned the development of derivatives-theory, and financial mathematics more generally, since its introduction in 1973.[32]
As above, in terms of practice, the field is referred to as quantitative finance and / or mathematical finance, and comprises primarily the three areas discussed. The main mathematical tools and techniques are, correspondingly:
The subject has a close relationship with financial economics, which, as outlined, is concerned with much of the underlying theory that is involved in financial mathematics: generally, financial mathematics will derive and extend the mathematical models suggested. Computational finance is the branch of (applied) computer science that deals with problems of practical interest in finance, and especially[33] emphasizes the numerical methods applied here.
Experimental finance[36] aims to establish different market settings and environments to experimentally observe and provide a lens through which science can analyze agents' behavior and the resulting characteristics of trading flows, information diffusion, and aggregation, price setting mechanisms, and returns processes. Researchers in experimental finance can study to what extent existing financial economics theory makes valid predictions and therefore prove them, as well as attempt to discover new principles on which such theory can be extended and be applied to future financial decisions. Research may proceed by conducting trading simulations or by establishing and studying the behavior of people in artificial, competitive, market-like settings.
Behavioral finance studies how the psychology of investors or managers affects financial decisions and markets[37] and is relevant when making a decision that can impact either negatively or positively on one of their areas. With more in-depth research into behavioral finance, it is possible to bridge what actually happens in financial markets with analysis based on financial theory.[38] Behavioral finance has grown over the last few decades to become an integral aspect of finance. Nowadays there is a need for more theory and testing of the effects of feelings on financial decisions. Especially, because now the time has come to move beyond behavioral finance to social finance, which studies the structure of social interactions, how financial ideas spread, and how social processes affect financial decisions and outcomes.[39][40]
Behavioral finance includes such topics as:
Empirical studies that demonstrate significant deviations from classical theories;
Models of how psychology affects and impacts trading and prices;
Forecasting based on these methods;
Studies of experimental asset markets and the use of models to forecast experiments.
A strand of behavioral finance has been dubbed quantitative behavioral finance, which uses mathematical and statistical methodology to understand behavioral biases in conjunction with valuation.
Quantum finance involves applying quantum mechanical approaches to financial theory, providing novel methods and perspectives in the field.[41]Quantumfinance is an interdisciplinary field, in which theories and methods developed by quantum physicists and economists are applied to solve financial problems. It represents a branch known as econophysics. Although quantum computational methods have been around for quite some time and use the basic principles of physics to better understand the ways to implement and manage cash flows, it is mathematics that is actually important in this new scenario[42] Finance theory is heavily based on financial instrument pricing such as stock option pricing. Many of the problems facing the finance community have no known analytical solution. As a result, numerical methods and computer simulations for solving these problems have proliferated. This research area is known as computational finance. Many computational finance problems have a high degree of computational complexity and are slow to converge to a solution on classical computers. In particular, when it comes to option pricing, there is additional complexity resulting from the need to respond to quickly changing markets. For example, in order to take advantage of inaccurately priced stock options, the computation must complete before the next change in the almost continuously changing stock market. As a result, the finance community is always looking for ways to overcome the resulting performance issues that arise when pricing options. This has led to research that applies alternative computing techniques to finance. Most commonly used quantum financial models are quantum continuous model, quantum binomial model, multi-step quantum binomial model etc.
The origin of finance can be traced to the beginning of state formation and trade during the Bronze Age. The earliest historical evidence of finance is dated to around 3000 BCE. Banking originated in West Asia, where temples and palaces were used as safe places for the storage of valuables. Initially, the only valuable that could be deposited was grain, but cattle and precious materials were eventually included. During the same period, the Sumerian city of Uruk in Mesopotamia supported trade by lending as well as the use of interest. In Sumerian, "interest" was mas, which translates to "calf". In Greece and Egypt, the words used for interest, tokos and ms respectively, meant "to give birth". In these cultures, interest indicated a valuable increase, and seemed to consider it from the lender's point of view.[43] The Code of Hammurabi (1792–1750 BCE) included laws governing banking operations. The Babylonians were accustomed to charging interest at the rate of 20 percent per year. By 1200 BCE, cowrie shells were used as a form of money in China.
The use of coins as a means of representing money began in the years between 700 and 500 BCE.[44] Herodotus mentions the use of crude coins in Lydia around 687 BCE and, by 640 BCE, the Lydians had started to use coin money more widely and opened permanent retail shops.[45] Shortly after, cities in Classical Greece, such as Aegina, Athens, and Corinth, started minting their own coins between 595 and 570 BCE. During the Roman Republic, interest was outlawed by the Lex Genucia reforms in 342 BCE, though the provision went largely unenforced. Under Julius Caesar, a ceiling on interest rates of 12% was set, and much later under Justinian it was lowered even further to between 4% and 8%.[46]
^ The following are definitions of 'finance' as crafted by the authors indicated:
Fama and Miller: "The theory of finance is concerned with how individuals and firms allocate resources through time. In particular, it seeks to explain how solutions to the problems faced in allocating resources through time are facilitated by the existence of capital markets (which provide a means for individual economic agents to exchange resources to be available of different points In time) and of firms (which, by their production-investment decisions, provide a means for individuals to transform current resources physically into resources to be available in the future)."
Guthmann and Dougall: "Finance is concerned with the raising and administering of funds and with the relationships between private profit-seeking enterprise on the one hand and the groups which supply the funds on the other. These groups, which include investors and speculators – that is, capitalists or property owners – as well as those who advance short-term capital, place their money in the field of commerce and industry and in return expect a stream of income."
Drake and Fabozzi: "Finance is the application of economic principles to decision-making that involves the allocation of money under conditions of uncertainty."
F.W. Paish: "Finance may be defined as the position of money at the time it is wanted".
John J. Hampton: "The term finance can be defined as the management of the flows of money through an organisation, whether it will be a corporation, school, or bank or government agency".
Howard and Upton: "Finance may be defined as that administrative area or set of administrative functions in an organisation which relates with the arrangement of each debt and credit so that the organisation may have the means to carry out the objectives as satisfactorily as possible".
Pablo Fernandez: "Finance is a profession that requires interdisciplinary training and can help the managers of companies make sound decisions about financing, investment, continuity and other issues that affect the inflows and outflows of money, and the risk of the company. It also helps people and institutions invest and plan money-related issues wisely."
^Finance thus allows production and consumption in society to operate independently from each other. Without the use of financial allocation, production would have to happen at the same time and space as consumption. Through finance, distances in timespace between production and consumption are then posible.[5]
^Board of Governors of Federal Reserve System of the United States. Mission of the Federal Reserve System. Federalreserve.gov Accessed: 2010-01-16. (Archived by WebCite at Archived 2010-01-14 at the Wayback Machine)
^See for example III.A.3, in Carol Alexander, ed. (2005). The Professional Risk Managers' Handbook. PRMIA Publications. ISBN978-0-9766097-0-4
^Bloomfield, Robert and Anderson, Alyssa. "Experimental finance"Archived 2016-03-04 at the Wayback Machine. In Baker, H. Kent, and Nofsinger, John R., eds. Behavioral finance: investors, corporations, and markets. Vol. 6. John Wiley & Sons, 2010. pp. 113–131. ISBN978-0-470-49911-5
^"Handelsbeurs" [Trade fair]. Visit Antwerp (in Dutch). Retrieved 2 September 2022. The 'Nieuwe Beurs' was built in 1531 because the 'Old Beurs' in Hofstraat had become too small. It was the first stock exchange ever built specifically for that purpose and later became the example for all stock exchange buildings in the world.
^"Our History". London Stock Exchange. Archived from the original on 2 September 2022. Retrieved 2 September 2022.
In 1863, T.W. Graham and George Scrimgeour pre-empted 150 acres of Crown land and established Pioneer Mills, the first sawmill at the site Moodyville.[5][6] This was a key milestone in the European settlement and industrial development in what would become North Vancouver. The next year, J.O. Smith bought the struggling business, renamed it Burrard Inlet Mills and sent out the first international cargo.[6] Sewell Prescott Moody and two partners bought out the near-bankrupt undertaking cheaply in January 1865, changed the name to Burrard Inlet Lumber Mills and made it a success. Early in 1865 it was purchased by Sewell Prescott Moody and became the centre of a thriving community, Moodyville, with a hotel and the Inlet's first school.[5][7]
In 1866 Moody took on new partners George Dietz (1830-84) and Hugh Nelson (1830-93). After a fire, he rebuilt the second mill as a 330-foot (100 m) structure capable of producing 100,000 board feet (236 m3) of lumber per day. The complex was named the Moodyville Sawmill Company by the early 1870s.[6]
In the 1880s, Arthur Heywood-Lonsdale and a relation James Pemberton Fell, made substantial investments through their company, Lonsdale Estates, and in 1882 he financed the Moodyville investments. Several locations in the North Vancouver area are named after Lonsdale and his family.[8]
Various settlers acquired Crown grants during this period, including Frederick Howson, Thomas A. Strong, John Linn (the namesake of Lynn Valley) and Hugh Burr.[5]
Following Vancouver's devastating fire in 1886, regional infrastructure expanded with the construction of the Vancouver Water Works dam on the Capilano River in 1888[9] and the formation of the Burrard Inlet Bridge and Tunnel Company in 1890 to provide direct south shore access.[5]
On August 29, 1891, the District of North Vancouver was officially incorporated, spanning from Indian Arm to Howe Sound, with C.J. Phibbs elected as the first Reeve.[7]
Not long after the District of North Vancouver was formed, an early land developer and second reeve of the new council, James Cooper Keith, personally underwrote a loan[10] to commence construction of a road which undulated from West Vancouver to Deep Cove amid the slashed sidehills, swamps, and burnt stumps. The road, sometimes under different names and not always contiguous, is still one of the most important east-west thoroughfare carrying traffic across the North Shore.
Development was slow at the outset. The population of the district in the 1901 census was only 365 people.[10] Keith joined Edwin Mahon and together they controlled North Vancouver Land & Improvement Company. Soon the pace of development around the foot of Lonsdale began to pick up. The first school was opened in 1902. The district was able to build a municipal hall in 1903 and actually have meetings in North Vancouver (instead of in Vancouver where most of the landowners lived).[5] The first bank and first newspaper arrived in 1905. In 1906 the BC Electric Railway Company opened up a street car line that extended from the ferry wharf up Lonsdale to 12th Street. By 1911 the streetcar system extended west to the Capilano River and east to Lynn Valley.[citation needed]
The owners of businesses who operated on Lonsdale, as part of an initiative led by Keith and Mahon, brought a petition to the district council in 1905, calling for a new, compact city to be carved out of the unwieldy district.[citation needed]
During the ensuing two years there was much and sometimes heated debate. Some thought the new city should have a new name such as Northport, Hillmont or Parkhill. Burrard became the favourite of the new names but majority view was that North Vancouver remain in order to remain associated with the rising credibility of Vancouver in financial markets and as a place to attract immigrants.[11]
Some thought the boundary of the new city should reflect geography and extend from Lynn Creek or Seymour River west to the Capilano River and extend three miles up the mountainside.[citation needed] That the boundary of the city which came into existence in 1907 just happened to match that of the lands owned by the North Vancouver Land & Improvement Company and Lonsdale Estate was no accident. Since the motivation for creating the city was to reserve local tax revenue for the work of putting in services for the property owned by the major developers, there was little reason to take on any of the burden beyond the extent of their holdings.[citation needed]
Residents in west part of the District of North Vancouver now had less reason to be connected with what remained and they petitioned to create the District of West Vancouver (the west part of the North Shore, not the west side of Vancouver) in 1912.[citation needed] The eastern boundary of that new municipality is for the most part the Capilano River and a community that is easily distinguished from the two North Vancouvers has since developed.
Keith Road looking west, with Hollyburn Mtn in the distance
The City of North Vancouver continued to grow around the foot of Lonsdale Avenue. Serviced by the North Vancouver Ferries, it proved a popular area. Commuters used the ferries to work in Vancouver. Street cars and early land speculation, spurred interest in the area. Streets, city blocks and houses were slowly built around lower Lonsdale. Wallace Shipyards, and the Pacific Great Eastern Railway provided an industrial base, although, the late arrival of the Second Narrows railway bridge in 1925 controlled development.
City of North Vancouver as seen from Upper Lonsdale
The Depression again bankrupted the city, while the Second World War turned North Vancouver into the Clydeside of Canada with a large shipbuilding program.[12] Housing the shipyard workers provided a new building boom, which continued on through the post-war years. By that time, North Vancouver became a popular housing area.
Main thoroughfare Lonsdale Avenue with Mount Fromme in the background
The City of North Vancouver is separated from Vancouver by the Burrard Inlet, and it is surrounded on three sides by the District of North Vancouver. The city has much in common with the district and with West Vancouver; together, the three are commonly referred to as the North Shore.
The City of North Vancouver is relatively densely populated with a number of residential high-rise buildings in the Central Lonsdale and Lower Lonsdale areas.
The North Shore mountains have many drainages: Capilano River, MacKay, Mosquito, and Lynn Creeks, and Seymour River.
The area around lower Lonsdale Avenue features several open community spaces, including Waterfront Park, Lonsdale Quay, Ship Builders Square and the Burrard Dry Dock Pier.
Other sites of interest in the city include:[14][15][16]
The main street in the city is Lonsdale Avenue, which begins at Lonsdale Quay and goes north to 29th Street, where it continues in the District of North Vancouver, ending at Rockland Road.
Highway 1, the Trans-Canada Highway (often referred to as the "Upper Levels Highway") passes through the northern portion of the city. It is a freeway for its entire length within the City of North Vancouver. There are six interchanges on Highway 1 within the City of North Vancouver:
Main Street/Dollarton Highway (Exit 23)
Mountain Highway and Mt Seymour Parkway (Exit 21/22)
In the 2021 Census of Population conducted by Statistics Canada, North Vancouver had a population of 58,120 living in 27,293 of its 29,021 total private dwellings, a change of 9.9% from its 2016 population of 52,898. With a land area of 11.83 km2 (4.57 sq mi), it had a population density of 4,912.9/km2 (12,724.4/sq mi) in 2021.[3]
As of the 2011 census, the median age was 41.2 years old, which is a bit higher than the national median age at 40.6 years old. There are 24,206 private dwellings with an occupancy rate of 94.1%. According to the 2011 National Household Survey, the median value of a dwelling in North Vancouver is $599,985 which is significantly higher than the national average at $280,552. The median household income (after-taxes) in North Vancouver is $52,794, a bit lower than the national average at $54,089.
North Vancouver has one of the highest Middle Eastern[a] population ratios for any Canadian city at 11.3% as of 2021, with the vast majority being Persian.[18]
Panethnic groups in the City of North Vancouver (2001−2021)
^ abFrancis, Daniel (2016). Where Mountains Meet the Sea. Harbour Publishing Co. P.O. Box 219, Madeira Park, BC V0N 2H0: Harbour Publishing. p. 77. ISBN978-1-55017-751-0.cite book: CS1 maint: location (link)
^Sommer, Warren (2007). The Ambitious City: A History of the City of North Vancouver. Madeira Park, BC V0N 2H0: Harbour Publishing. pp. 64, 83, 93, 94. ISBN978-1-55017-411-3.cite book: CS1 maint: location (link)
^"N VANCOUVER 2ND NARROWS]". Canadian Climate Normals 1981−2010. 25 September 2013. Archived from the original on 27 March 2018. Retrieved 26 March 2018.
^Government of Canada, Statistics Canada (27 October 2021). "Census Profile, 2016 Census". www12.statcan.gc.ca. Archived from the original on 27 December 2022. Retrieved 26 December 2022.
^Government of Canada, Statistics Canada (27 November 2015). "NHS Profile". www12.statcan.gc.ca. Archived from the original on 27 December 2022. Retrieved 26 December 2022.
^Government of Canada, Statistics Canada (20 August 2019). "2006 Community Profiles". www12.statcan.gc.ca. Archived from the original on 27 December 2022. Retrieved 26 December 2022.
^Government of Canada, Statistics Canada (2 July 2019). "2001 Community Profiles". www12.statcan.gc.ca. Archived from the original on 27 December 2022. Retrieved 26 December 2022.
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