The Canadian government has proposed several key amendments to the Underused Housing Tax Act (UHTA). These changes, explained clause by clause, are critical for understanding your potential tax obligations and planning strategies. Key Proposed Amendments: Expanded Definition of Excluded Owners…
Tax reorganizations are complex undertakings requiring a sophisticated understanding of both accounting principles and legal frameworks. At Shajani CPA, recognized as a Top 10 Tax Advisory firm in Canada by Financial Services Magazine, we blend the expertise of Chartered Professional…
The Canada Revenue Agency's (CRA) new Mandatory Disclosure Rules add complexities to tax planning and reorganizations. These rules are pivotal for family-owned enterprises and high-net-worth individuals engaged in sophisticated tax planning strategies. Overview of the New Rules: Background: The CRA…
Tax reorganizations play a critical role in the strategic planning and financial health of businesses in Canada. With four decades of experience and being recognized as a Top 10 Tax Advisory firm in Canada by Financial Services Magazine, Shajani CPA,…
In the realm of Canadian tax law, Section 85 rollovers are a nuanced and essential tool for property transfers to a corporation. At Shajani CPA, our unique blend of CPA and LLM expertise makes us exceptionally qualified to navigate these…
Please note the following important dates are estimates only. Please confirm your deadlines directly with your professional advisor. January 15, 2024 - December payroll remittances due (including 2024 bonuses paid in December 2023) January 31, 2024 - Fiscal year ends…
The Canada Revenue Agency's (CRA) latest initiative has focused on Personal Services Businesses (PSBs). This topic is crucial for anyone operating a family-owned enterprise, especially those who engage independent contractors or run a PSB. Understanding the Initiative: The CRA has…
Introduction Tax accounting is a critical aspect of financial management, both for individuals and businesses. It can be complex, but with the right expertise, it's manageable. That's where Shajani CPA steps in. In addition to being experienced CPAs, our team…
Confirm a representative using My Account or My Business Account This tax season, there's a new way to confirm authorized representatives using My Account or My Business Account. Whether you're an individual or a business, this easy, two-step digital process will help you…
