Quick accounting method GST/HST
The quick accounting method Gst/HST was introduced by Canada Revenue Agency (CRA) to help small businesses calculate their net tax for GST/HST purposes in a simplified manner. When you use the GST/HST quick method for your business, you still charge the applicable GST and HST on your supplies of taxable goods and services. However, to calculate the amount […]
Capital Gains Surplus Stripping for Physicians: A Brief History and Recent Developments
Capital gains surplus stripping refers to tax strategies that let you distribute cash from your corporation as a capital gain instead of pulling the cash out as dividends, which are more highly taxed. A Guide to Capital Gains Surplus Stripping for Physicians: A Brief History and Recent Developments. Here’s one way this tax strategy works, […]
Interest rate increase: What it means for medical students and residents
As the Bank of Canada and other central banks around the world continue to raise interest rates in efforts to rein in inflation, borrowing has become considerably more expensive. How might this affect you, as a medical student, resident physician, or new-in-practice physician? Interest rate on medical student loans. Following the Bank of Canada’s direction, […]
Incorporated Physicians
We provide in-depth financial planning & tax strategies for Incorporated Physicians. Have you, or are you thinking about incorporating your medical practice? Abdullah CPA specializes in assisting new doctors in the process of incorporation. By doing the right tax planning in advance with the help of Abdullah CPA, a professional corporation can offer great income […]
Guide to financing your medical school education
Paying for medical school can be expensive. Learn about government student loans and student lines of credit and financing your medical school education. Every year, nearly 3,000 students enter Canada’s 17 medical schools. Many of them — perhaps including you — have dreamed for years of bettering the world through their practice of medicine. Yet […]
CPA for Physicians
Abdullah CPA is a specialist CPA for Physician in Canada and provides comprehensive Accounting Solution for your Medical Professional Corporation. You understand the challenges of practicing medicine. Abdullah CPA will be your valuable partner to provide insight and together proceed confidently to achieve your financial dreams from Medical residency to establishing a practice to Retirement. […]