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T5018 Statement of Contract Payments

By Nizam Shajani, CPA, CA, MBA From time to time the government imposes filing requirements on certain industries.  The T5018 statement of contract payments is one such requirement placed on the construction and related industries. If you are an individual, trust, partnership or corporation involved in the construction industry, where construction is your primary source…

Retirement Transition Planning

 A transition into retirement should be accompanied by an income plan for this phase of life.  A good understanding of taxes in retirement will facilitate tax saving strategies. A retirement income plan should be planned to pay less tax, maximize government benefits, ensure that any tax benefits that accrue to a couple are maximized, and…

T4 Deadline Fast Approaching

By Nizam Shajani, CPA, CA, MBA Businesses are the engine of the Canadian economy as they provide the opportunity for individuals to work. If you have employees in your corporation (including yourself) – you must file a T4 slip by the end of February.  With the T4 deadline fast approaching, it is important to understand…