Introduction In the realm of wealth and enterprise, the adage 'knowledge is power' is particularly pertinent when it comes to tax compliance and strategy. For high-net-worth families operating family-owned enterprises, the complexity of international investments brings about unique challenges, particularly…
Why Combine Your Businesses into One If you're managing multiple family businesses, combining them into one company could simplify your life. This isn't just about making your business easier to manage—it's also about saving money on taxes, merging any losses…
Introduction: Mastering Tax Strategy for Your Move Abroad As high-net-worth families consider expanding their horizons beyond Canada's borders, the journey brings with it a complex tapestry of tax considerations. Whether motivated by business opportunities, lifestyle changes, or retirement plans, the…
For entrepreneurs orchestrating multiple ventures, streamlining operations through amalgamation is a strategic move. This fusion of enterprises into a singular entity is often executed to refine corporate structures, merge losses, restructure shares, and leverage tax efficiencies. Insightful planning can convert…
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…