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…
As we step into 2024, businesses across industries are faced with the challenge of charting a course through an increasingly complex and dynamic landscape. The beginning of the year is the perfect time for strategic planning, and at Shajani CPA,…
As a Canadian Chartered Professional Accountant (CPA), I often come across family-owned enterprises seeking to understand the health of their businesses. A crucial component of this understanding lies in the statement of income. But what makes a statement of income…
In the fast-paced world of business, staying ahead in financial management is crucial. As technology evolves, so does the landscape of bookkeeping automation. At Shajani CPA, we are committed to keeping our clients at the forefront of these advancements. Let’s…
At Shajani CPA, we understand that the modern business landscape demands efficient and comprehensive financial management. Bookkeeping automation is not just about simplifying tasks; it's about transforming the way businesses handle their financial operations. Let’s delve deeper into ten key…
As Chartered Professional Accountants, we at Shajani CPA recognize the critical role of meticulous bookkeeping in the financial success of any business. Keeping financial records current is not just a regulatory requirement but a strategic tool enabling informed decision-making. While…
As a Chartered Professional Accountant with an MBA, I've had the privilege of working with numerous family enterprises, helping them navigate the complexities of financial management. A critical aspect of this journey is understanding what banks look for in financial…