There are tax deductions available for travel related to earning income. You cannot deduct the cost of travel to and from work. However, if you incur costs related to employment such as travel to locations different from your employer’s place…
The last payroll remittances for the 2021 calendar year are due on your next payroll remittance date. For many of you that will be January 15th. This is a good time to do some tax planning around payroll. If you…
Understanding your financial statements is key to making good, informed decisions. Shajani LLP offers reporting based on your financial ratios that will provide key advisory services that can be a competitive advantage to your business. A common questions business owners…
QuickBooks Online (QBO) is a bookkeeping software that allows you to get more done in less time with time-saving features in an intuitive system, freeing you up to focus on the work you actually love. At Shajani, we can assist…
The perception of tax planning has often been misconceived as a simple choice between dividends and salary from an owner managed business. The decision should consider a number of variances – one such consideration being integration. The Canadian tax system…
As a rule, a proprietor or corporation can deduct for tax purposes any reasonable expenses that were incurred to earn business income. However, this rule has its exemptions and other consideration that make up much of the 2,810 pages of…
It used to be simple to move a dividend from a subsidiary to its parent corporation. If the parent owned more than 10% of the shares, this would have no tax implication and no Part IV tax. However, the simple…
Obtaining a grant of probate may be a necessary part of administering the will of an estate. The authority of the executor (“Personal Representative” in Alberta) appointed under a will arises immediately upon the death of the testator. However, in…
As your parents and grandparents age, you may find yourself in a position where you need to assist them with the management of their financial affairs. Taking on this responsibility requires an understanding of what is or may become involved…
If you incur costs related to employment such as overtime meals, travel to locations different from your employer’s place of business and incur expenses during travel for work – these costs may be deductible. To claim these deductions, your employer…