Tax Archives - Shajani LLP Professional Accountants

Tax Installments Overview

September 29, 2020
Nizam Shajani, CPA, CA, MBA, Partner

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…

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Related and Associated Corporations

September 28, 2020
Nizam Shajani, CPA, CA, MBA, Partner

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…

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Integrated Tax Planning

September 18, 2020
Nizam Shajani, CPA, CA, MBA, Partner

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…

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Calculating Financial Ratios in Your Financial Statements

September 14, 2020
Nizam Shajani, CPA, CA, MBA, Partner

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…

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Tax Considerations for Attracting & Retaining Key Employees – Stock Options

September 11, 2020
Nizam Shajani, CPA, CA, MBA, Partner

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…

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A Good Looking Set of Financial Statements:

September 7, 2020
Nizam Shajani, CPA, CA, MBA, Partner

A Good Looking Set of Financial Statements: By Fahad Suleman, CPA September 7, 2020 A good looking set of financial statements of a business are a set of financial documents that provide a snapshot of a business’s financial position and…

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Attracting and Retaining Key Employees

August 24, 2020
Nizam Shajani, CPA, CA, MBA, Partner

Attracting and Retaining Key Employees by Nizam Shajani, CPA, CA, MBA As governments consider a revision to stock option plans – as of today, this is still a viable option to attracting and retaining key employees. In an environment of…

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Investing in Real Estate in your Corporation

June 1, 2020
Nizam Shajani, CPA, CA, MBA, Partner

Investing in Real Estate in your Corporation By Nizam Shajani, CPA, CA, MBA June 1, 2020 A strategy for investing may include using pre-tax dollars to purchase an investment. Investing in real estate in your corporation is less expensive…

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COVID-19 Federal Benefits and Supports – Canada Emergency Wage Subsidy

April 1, 2020
Nizam Shajani, CPA, CA, MBA, Partner

April 1, 2020 – 4:30PM By Nizam Shajani, CPA, CA, MBA Finance Minister Bill Morneau and the Department of Finance have today provided more information on the Canada Emergency Wage Subsidy. This subsidy will be made available in approximately six-weeks…

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COVID-19 Federal Benefits and Supports – Temporary Wage Subsidy Increased to 75%

March 27, 2020
Nizam Shajani, CPA, CA, MBA, Partner

COVID-19 Federal Benefits and Supports Temporary Wage Subsidy Increased to 75% March 27, 2020 – 5:30PM By Nizam Shajani, CPA, CA, MBA Prime Minister Justin Trudeau announced wage subsidies for qualifying businesses struggling with COVID-19 have been increased from 10%…