Please note the following important dates are estimates only. Please confirm your deadlines directly with your professional advisor. February 15, 2024 - January payroll remittances due February 29, 2024 - Fiscal year ends November 30th tax payments due February 29,…
Introduction Tax deadlines in Canada are crucial dates that individuals and businesses must remember to remain compliant and avoid penalties. Navigating these deadlines can be challenging, especially for family-based businesses with diverse obligations. Shajani CPA, a firm celebrated for its…
A trust allows you to separate control and management of assets from its owners. This separation allows for distinct advantages that will result from the details contained within the trust deed. There are several types of trusts and legal scholars…
Lower-income renters in Canada can now apply for a one-time $500 top-up to the Canada Housing Benefit Canadians must meet all the following conditions to be eligible for the new benefit: have filed a 2021 tax return; be at least…
As a tax professional, I'm excited to discuss the recent J5 Cyber Challenge hosted by the Canada Revenue Agency (CRA) in Ottawa. This innovative event united experts from around the world to combat tax fraud and money laundering related to…
Commissioned salespeople are often used to mitigate costs and incentivize sales within an organization. While considered self-employed, if your organization utilizes commissioned salespeople, your organization should be completing a T4A for them. A T4A slip is an information return that…
The Canada Revenue Agency's (CRA) new Mandatory Disclosure Rules add complexities to tax planning and reorganizations. These rules are pivotal for family-owned enterprises and high-net-worth individuals engaged in sophisticated tax planning strategies. Overview of the New Rules: Background: The CRA…
