Please note the following important dates are estimates only. Please confirm your deadlines directly with your professional advisor. March 15, 2024 - February payroll remittances are due. March 31, 2024 - The fiscal year ends on December 31st tax payments…
Buying your first home is an exciting milestone. While some of the financial aspects could be daunting, there is a simple credit that should be considered when filing your personal tax this year. Qualifying for the Credit The following conditions…
Introduction Trusts are a powerful tool in financial planning, offering a strategic way to manage and protect assets, provide for beneficiaries, and optimize tax obligations. At Shajani CPA, our expertise in trusts is unmatched. With our team's impressive credentials, including…
As entrepreneurs of family-owned enterprises in Canada, it is imperative to stay abreast of evolving tax regulations to optimize your financial strategies and maintain compliance. The introduction of the Canadian Dental Care Plan marks a significant shift in tax reporting…
Registered education savings plans managed effectively will allow for a free $7,200 Grant (Canada Education Savings Grant (CESG)) to be used for education purposes towards a child’s education plus investments that can grow tax deferred. The CESG is based on…
As experienced tax accountants, we often advise clients on optimizing their savings strategies. The choice between a Registered Retirement Savings Plan (RRSP) and a Tax-Free Savings Account (TFSA) largely depends on your current and anticipated future income levels. Additionally, for…
As we step into 2024, businesses across industries are faced with the challenge of charting a course through an increasingly complex and dynamic landscape. The beginning of the year is the perfect time for strategic planning, and at Shajani CPA,…
As a Canadian Chartered Professional Accountant (CPA), I often come across family-owned enterprises seeking to understand the health of their businesses. A crucial component of this understanding lies in the statement of income. But what makes a statement of income…
In the world of business, financial statements are like the vital signs of your company's health. But let's be honest, not everyone finds spreadsheets and numbers as fascinating as we do. This is where the magic of Narrative Financial Analysis…
In the fast-paced world of business, staying ahead in financial management is crucial. As technology evolves, so does the landscape of bookkeeping automation. At Shajani CPA, we are committed to keeping our clients at the forefront of these advancements. Let’s…