August 2020 - Shajani CPA - Chartered Professional Accountants & Advisors

Shajani LLP Wins CCA Award Southern Alberta

August 28, 2020
Nizam Shajani, LL.M, CPA, CA, TEP, MBA Tax & Assurance Partner

Winner Consumer Choice Award 2020 Accountants – Small Business – Southern Alberta Thank you to those who voted for us. We are honored to have been selected and look forward to working with you again this year. The Consumer Choice Award was established in 1987 with the sole purpose of recognizing business excellence in small…

View Post

Attracting and Retaining Key Employees

August 24, 2020
Nizam Shajani, LL.M, CPA, CA, TEP, MBA Tax & Assurance Partner

Attracting and Retaining Key Employees by Nizam Shajani, CPA, CA, MBA As governments consider a revision to stock option plans – as of today, this is still a viable option to attracting and retaining key employees. In an environment of low cash flow, attracting and retaining talent can be a formidable challenge. A company that…

View Post

Are You a Good Financial Role Model?

August 21, 2020
Nizam Shajani, LL.M, CPA, CA, TEP, MBA Tax & Assurance Partner

Are You a Good Financial Role Model? By Nizam Shajani, CPA, CA, MBA “Give a child a fish and she will eat for a day. Teach a child to fish and she will eat for life.” – Anon. Teaching your kids about money at an early age builds a foundation for the knowledge, skills and…

View Post

CEWS 2.0

August 17, 2020
Nizam Shajani, LL.M, CPA, CA, TEP, MBA Tax & Assurance Partner

CEWS 2.0 by Eeva Harrop, CPA, CA, MSc, TEP and Nizam Shajani, CPA, CA, MBA Goal of CEWS is to provide a wage subsidy to employers so they keep employees on the payroll CEWS 1.0 – Initially to provide a subsidy up to 75% of employee wages for up to 24 weeks (when specific criteria…

View Post

National Payroll Week

August 14, 2020
Nizam Shajani, LL.M, CPA, CA, TEP, MBA Tax & Assurance Partner

National Payroll Week by Fahad Suleman, CPA and Nizam Shajani, CPA, CA, MBA National Payroll Week (“NPW”) is a national awareness campaign which celebrates the valuable contributions of payroll employees and elevates the payroll profession. This week is held annually by The Canadian Payroll Association, the Chartered Institute of Payroll Professionals (UK) and American Payroll…

View Post

Employment Benefits and Allowances

August 10, 2020
Nizam Shajani, LL.M, CPA, CA, TEP, MBA Tax & Assurance Partner

Employment Benefits and Allowances by Eeva Harrop, CPA, CA, MSc, TEP and Nizam Shajani, CPA, CA, MBA A benefit is a good or service an employer gives to an employee such as the free use of a property it owns. A benefit includes an allowance or a reimbursement of an employee’s personal expenses. Whether or…

View Post

COVID-19 Federal Benefits and Supports – CEWS Wage Subsidy Updates

August 7, 2020
Nizam Shajani, LL.M, CPA, CA, TEP, MBA Tax & Assurance Partner

By: Eeva Harrop, CPA, CA, MSc, TEP and Nizam Shajani, CPA, CA, MBA On July 17th the Department of Finance announced changes to the Canada Emergency Wage Subsidy (CEWS) program which many are calling CEWS 2.0. The good news is that the program is being extended until November 21, 2020 (and potentially until December 19,…

View Post

Integration of the Corporate Income Tax System in Canada

August 3, 2020
Nizam Shajani, LL.M, CPA, CA, TEP, MBA Tax & Assurance Partner

By: Nizam Shajani, CPA, CA, MBA Theoretically the total tax paid by a corporation and its shareholders should be the same. There should be no tax advantage if an individual earns their income via a corporation or is paid a salary. This is the theory of integration. When the tax system is not perfectly integrated,…