As we move through governments and changes in the economy, legislator continually change the tax rules. At Shajani LLP Chartered Professional Accountants, we keep up with these changes. There are a number of changes to the 2020 personal tax filing…
The 2021 tax filing season is now here and you should be getting ready to file your 2020 personal taxes. This year will have unique COVID issues and has seen some changes that should be considered. Due Dates Generally, your…
By Nizam Shajani, CPA, CA, MBA Please note the following important dates are estimates only. Please confirm your deadlines directly with your professional advisor. January 15, 2021 - December payroll remittances due January 15, 2021 - Payroll remittances for 2020…
By Nizam Shajani, CPA, CA, MBA QuickBooks Online (QBO) is a bookkeeping software that allows you to get more done in less time with time-saving features and intuitive system, freeing you up to focus on the work you actually love…
By Nizam Shajani, CPA, CA, MBA 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…
By Nizam Shajani, CPA, CA, MBA Canada Emergency Rend Subsidy Qualifying organizations can apply directly for the new Canada Emergency Rent Subsidy (CERS) through the Canada Revenue Agency (CRA). This means qualifying organizations can apply for the subsidy without the…
By Nizam Shajani, CPA, CA, MBA This document is extracted from a paper originally written for York University Faculty of Law by Nizam Shajani. It used to be simple to move a dividend from a subsidiary to its parent corporation. …
By Nizam Shajani. CPA, CA, MBA 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…
By Nizam Shajani, CPA, CA, MBA 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…