What is a Partnership?
By Nizam Shajani, CPA, CA, MBA November 2, 2020 A partnership is a relationship between two or more persons. From a tax perspective, this includes a business that is carried on with a view to profit. However, a partnership is…
Administration of Property Held for Others Under Statutory Authority
By Nizam Shajani. CPA, CA, MBA October 30, 2020 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…
The Pipeline Plan
By Nizam Shajani, CPA, CA, MBA October 23, 2020 “Life is really simple, but we insist on making it complicated.” Confucius. The estate of business owners often encounters the implacable reality of double taxation. This may occur when the shareholders…
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…
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…
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…
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…