Five Ways to Transfer an Estate
Nizam Shajani, CPA, CA, MBA October 19, 2020 “What I know for sure is that what you give comes back to you.” – Oprah Winfrey. When creating or updating an estate plan, there are at least five methods for transferring…
Insurance as a Tax-Savings Vehicle for Estate Planning
By Nizam Shajani, CPA, CA, MBA October 16, 2020 Tax in Estate Planning “What counts is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the…
COVID-19 Federal Benefits and Supports – Canada Recovery Benefit (CRB)
October 3, 2020 By Nizam Shajani, CPA, CA, MBA The CERB ends October 3, 2020 or once you have received 28 weeks of benefits (whichever comes first). The CERB will transition to Employment Insurance (EI) and be called the Canada…
Tax Installments Overview
Tax Installments By Eeva Harrop, CPA, CA, TEP, MSc. September 29, 2020 With Covid-19, individual tax returns are now due September 30, 2020. This includes both filing the tax return, paying any tax due and paying any instalments that…
Related and Associated Corporations
Related and Associated Corporations By Eeva Harrop, CPA, CA, TEP, MSc. September 28, 2020 Assessing whether or not corporations are related and associated is important as this can result in various tax consequences to consider such as how to…
Corporate and Personal Tax Summary Planning
Corporate and Personal Tax Summary Planning By Eeva Harrop, CPA, CA, TEP, MSc. September 25, 2020 For many individual taxpayers, tax planning means organizing all of your paperwork at the end of the year and filing a tax return before…
What Banks are Looking for in Your Financial Statements
What Banks are Looking for in Your Financial Statements By Fahad Suleman, CPA September 21, 2020 A bank usually requires a set of financial statements to calculate the amount of credit that can be provided to a business or…
Integrated Tax Planning
Integrated Tax Planning By Nizam Shajani, CPA, CA, MBA September 18, 2020 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…
Calculating Financial Ratios in Your Financial Statements
Calculating Financial Ratios in Your Financial Statements By Fahad Suleman, CPA September 14, 2020 Financial ratios are used to make comparisons between different financial aspects of a business’s performance. These ratios can be compared with the industry standard to…
Tax Considerations for Attracting & Retaining Key Employees – Stock Options
Tax Considerations for Attracting & Retaining Key Employees – Stock Options By Nizam Shajani, CPA, CA, MBA September 11, 2020 As governments consider a revision to stock option plans – as of today, this is still a viable option to…