Benefits Of Using An Accountant To Incorporate Your Business
If you are planning on incorporating your business, hiring an experienced accountant is one of the best investments you can make! An accountant will give you 1 on 1 tax planning advice and give you a proper corporation structure based on your and your family’s tax situation. Once your accountant knows of your tax situation, […]
TOSI (Tax on Split Income) : Abdullah, CPA
TOSI is an incredibly complex new piece of legislation. The objective of this blog post is to offer a high-level overview of the new rules. There are many nuances that are not covered here. Please be sure to consult a tax professional about your specific situation. On December 13, 2017, the government released new proposals […]
Tax Planning for Small Business – Abdullah CPA
There are a few things for Tax Planning for Small Business Canada that every business owner ought to be doing. Tasks that will ensure that they can file accurate taxes, which is the best way to avoid penalties and audits. Here are the main ones: You should also take a look at and be sure […]
Moving Expenses Tax Credit in Canada
The CRA, in filing your income taxes, allows for a deduction for moving expenses tax credit canada in some cases. You can claim a deduction eligible moving expenses on line 219 of your tax return forms. Not all moving expenses are deductible. To avoid a negative audit outcome, make sure you know what you can […]
“What expenses are deductible in Canada?”
A question that business owners ask themselves is “What expenses are deductible?”. There is often a desire to have a list of business expense categories that they can refer to and be safe in knowing that what they are claiming as an expense is legitimate. The risk, of course, of getting it wrong is a tax […]
Should you operate as a Sole Proprietor or Corporation?
What is Sole Proprietorship? If you’re a sole proprietor, you operate your business personally. This means that you’re operating as a “one-man-band” with no shareholders or partners, and you’re personally tied to your business, meaning that you take on responsibility for all financial profits and losses. Your income is included on your personal tax return, and […]