Tax Savings for Seniors
If you are a senior, you are eligible for several tax credits that should be considered when filing your personal tax return. Use the wisdom that comes with age and take advantage of the benefits. Age Amount Credit If you…
Time to File Your 2021 Personal Tax Return
The 2023 tax filing season is now here, and you should be getting ready to file your 2022 personal taxes. Due Dates Generally, your personal tax filings for the 2022 year are due by April 30th, 2023, however since this…
When to Invest in RRSPs Verses when to Invest in TFSAs
An RRSP contribution is most tax advantageous if made during your highest earning years and withdrawn in your lowest earning years. Otherwise, a TFSA may provide the better investment vehicle from a tax perspective. So when should you invest in…
Bank Reconciliations
Making financial decisions with accurate information is imperative and understanding your cash balance is fundamental to the decision-making process. Cash is usually the first item on the balance sheet of the financial statements and can be an indicator of the…
Financial Analysis Consulting
We understand that you rely on your accountants to analyze your financial statements but translating these statements into actionable items is not easy. Shajani CPA provides consulting services that include report on benchmarking your corporate performance. This includes leveraging industry…
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…