Self Employed Tax Guide Canada
If you’re new to the world of self-employment, preparing your first tax return may seem like a challenge. Fortunately, Abdullah CPA has complied this Self Employed Tax Guide Canada. Relevant CRA forms; Self Employed Tax Guide Canada Self-employed business income is reported on the form T2125, Statement of Business or Professional Activities. Business income refers to money […]
Your Guide to Finding the Best Tax Accountant in Mississauga
Navigating the intricacies of tax regulations can be overwhelming, whether you’re a business owner or an individual taxpayer. A reliable tax accountant in Mississauga can be your key to financial success. This article will delve into the essential aspects of choosing the right tax accountant who can optimize your finances and ensure compliance with tax […]
Home Purchase Loan from MPC
In the Current High Interest Rate economic environment when debt servicing cost of Home Mortgage have risen significantly, you must have thought about Home Purchase Loan from MPC. Borrowing money from a corporation is fraught with complex tax implications. How to Legally get a Home Purchase Loan from Your Corporation Get in Touch with Abdullah […]
RRSP options when you turn 71
You might know about the deadline for closing your RRSP. But do you know what you’ll do with your money then? Here are your RRSP options when you turn 71 Maybe you’ve been saving in your registered retirement savings plan (RRSP) for decades. Or maybe you started only recently, after you paid off your mortgage. Either way, there’s a RRSP deadline looming in your […]
Why Physicians Should Hire Me as Their Accountant
As a physician, managing the complexities of your medical practice can be demanding. From providing quality patient care to staying up-to-date with medical advancements, your plate is undoubtedly full. Amidst these responsibilities, financial management can become a daunting task. However, fear not, as this article will highlight the significant reasons why hiring a skilled and […]
3 ways of doing business as a Canadian physicians
There are three ways Canadian Physicians can setup there Tax Status; Medical professional corporation ✓ Most common choice Your corporation becomes a separate legal entity and is owned by shareholders (you decide who your shareholders are). Tax implications The corporation files its own tax return and pays the corporate tax rate. Corporation is taxed at 12%1 Partnership with […]