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Important Dates

Please note the following important dates are estimates only.  Please confirm your deadlines directly with your professional advisor. February 15, 2021   – January payroll remittances due February 28, 2021   – T4 filings due February 28, 2021   – T5 filings due February 28, 2021   – Fiscal year end November 30th tax payments due February 28, 2021  …
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Corporate Remuneration Planning

If you own your own business, it is important to plan how you get paid while keeping in mind a holistic goal to minimize tax, budget wisely and plan for retirement. Remuneration Remuneration considerers how an individual is paid.  For a small business owner this can be through dividends, salary, shareholder loan payments or other…
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The Smart Ledger

The Smart Ledger Keeping your books in order is essential to good financial management and necessary to comply with the CRA demands for information.  However, is many instances there is not a cost benefit to subscribing to bookkeeping software for smaller entities.  For this purpose, Shajani provides a Smart Ledger © for our clients to…
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The Trial Balance and General Ledger

Understanding your organization’s bookkeeping and accounting records will allow you to recognise what has occurred in the past, predict future outcomes and make informed management decisions. The reports supporting high level financial statement analysis will be the foundation of the organizations financial management, the details of which can be found in the company trial balance…
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Bank Reconciliations

Making financial decisions with accurate information is imperative and understanding your cash balance is fundamental to the decision making process. Cash is usually the first item on the balance sheet of the financial statements and can be an indicator of the short term viability of a corporation. However, the accounting cash balance does not always…
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