4 things life insurance can do for incorporated physicians
In medical school or residency, buying life insurance was a smart move to protect loved ones, especially if your debts outstripped your financial resources at the time. But once family finances become more secure, in step with a successful medical practice, the role of life insurance may shift to safeguard other goals: to build net […]
Three Big Bookkeeping Mistakes in Canada
Three Big Bookkeeping Mistakes in Canada Contact us to Automate your Bookkeeping and avoid CRA Audit.
When to register for GST in Canada
You have to register for a GST/HST account if both situations apply: Contact us for GST Filling with CRA
Questions to ask before hiring an Accounting firm | Abdullah CPA
Hiring an accounting firm is an important decision for your business. To ensure you make the right choice, here are some questions you should ask before hiring an accounting firm: Remember, in addition to asking these questions, it’s crucial to evaluate the firm’s overall reputation, reliability, and compatibility with your business’s values and goals. Taking […]
What is a Section 85 Rollover and Why Would I Use it?
A Section 85 Rollover can be used to reduce personal taxes when incorporating your sole proprietorship. This article will explain how a Section 85 Rollover works and give some examples to illustrate this tax planning technique. Section 85 Rollover Guide A Section 85 Rollover can be used to reduce personal taxes when incorporating your sole […]
Converting A Sole Proprietorship To A Corporation
Just in case this is the first post of mine you’re reading, a little introduction is called for. I’m Abdullah, a chartered professional accountant and tax expert in the Mississauga and Toronto regions of Ontario, Canada. This article is about converting a sole proprietorship to a corporation. Why? So, why should you change to a corporation […]