Tax Guide for Medical residents in Canada
If you’re an internationally-trained medical graduate arriving in Canada — welcome! Also a Tax Guide for Medical Residents in Canada. While unpacking boxes, setting up your practice, and finding a place to live will be highest on your “to-do” list, learning at least the basics of the Canadian tax system can lead to big tax […]
Tax Preparation Packages Built For Medical Doctors.
Employee Tax Return Package Who Its For: Residents, Fellows & Salaried Physicians A complete package that includes consulting services for your tax and financial needs and preparation of your tax return to minimize paperwork and maximize your available employment deductions. What You Get: Package Price $350 Residents, Fellows, & Salaried Physicians Contact Us Self-Employed Physician […]
Medical Residents & Fellows Tax Tips
You have finished your medical degree – congratulations are definitely in order! This is indeed a monumental achievement, and one of the great aspects of achieving this degree is the prospect that now you are going to begin medical residency. In order to help medical residents with their tax returns and make the season as […]
Tax Deductions and Credits for Resident Physicians: Abdullah CPA
Being aware of the tax breaks that you may qualify for as a resident physician can help minimize the taxes you pay. Both tax deductions and tax credits reduce the amount of tax you pay. The difference is with tax deductions, the higher your marginal tax bracket (i.e., the higher your income), the more the […]
DENTAL HYGIENIST TAX DEDUCTIONS YOU NEED TO KNOW
Contrary to popular belief, dental hygienists can be independent contractors working for a dentist—they do not have to be employees. It all depends on their contracts with their employer. If your contract says that you are an independent contractor, then you are technically self-employed. As a result, you have to file your business taxes to the Canada Revenue Agency […]
Corporate Tax Return T2 Schedules – Abdullah CPA
When filing your corporate taxes, it is not as simple as simply filling out a T2 and filing it with the Canada Revenue Agency (CRA). In addition to the T2, there are also “schedules” that must be submitted to fulfil your corporation’s tax obligations. These T2 schedules are used to provide the CRA with supplementary […]