Tax Saving Tips for Truck Drivers/Owner Operators in Canada
Whether you are an employee of a trucking company or working as an owner-operator, it goes without saying that you work very hard for...
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Harprithipal Shahi, CPA CGA
Feb 1, 20217 min read
How to Start a Small Business in Canada: A Complete Guide
Many businesses are going through hard times due to the Covid-19 pandemic, but nothing can stop an entrepreneurs from making their dream...
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Harprithipal Shahi, CPA CGA
Jan 28, 20213 min read
Tax Tip: Medical Expense Tax Credit in Canada
Are you taking advantage of the medical expense tax credit to lower your tax payable. In this article, you will learn everything about...
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Harprithipal Shahi, CPA CGA
Jan 25, 20215 min read
Understanding Holding Companies in Canada
If you own small, medium or large business, you may have heard of holding companies and wondering if it makes sense to incorporate a...
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Harprithipal Shahi, CPA CGA
Jan 15, 20215 min read
Understanding Rental Income Tax in Canada
If you own a rental property or planning to purchase one, one of the difficult situation you'll face as a owner of a rental property is...
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Harprithipal Shahi, CPA CGA
Jan 12, 20213 min read
7 Tax Write-Off Tips for Small Business in Canada
As a small business owner, you should ensure that you are claiming all allowable tax deductions to reduce your business' taxable income...
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Harprithipal Shahi, CPA CGA
Jan 5, 20214 min read
6 Common Bookkeeping Mistakes Made by Small Businesses
As a business owner, it's natural to manage every aspect of the business yourself. Thus, small businesses often consider hiring a...
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Harprithipal Shahi, CPA CGA
Jan 2, 20214 min read
How to Run Payroll for Small Business in Canada
Once you've hired people to work for you, one of your responsibilities as an employer is to pay them properly and comply with CRA...
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Harprithipal Shahi, CPA CGA
Dec 30, 20205 min read
When to Register for and Charge GST/HST?
If you're starting a business or are self-employed, it is important to understand about sales tax requirements and implications for your...
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Harprithipal Shahi, CPA CGA
Dec 29, 20206 min read
Federal Government’s COVID-19 Financial Support Summary
During COVID-19 pandemic, Canadian government introduced a number of measures in 2020 to assist individuals and businesses who have been...
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Harprithipal Shahi, CPA CGA
Dec 27, 20203 min read
5 Reasons to Hire an Accountant: Small Business Guide
If you are starting a new business, it's tempting to cut cost and manage your financial records by yourself, but be careful as this can...
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Harprithipal Shahi, CPA CGA
Dec 24, 20204 min read
Tax saving tips for individuals and businesses in Canada
As a small business owner, you already know that running a business is a lot of work, and you want to keep as much of what you make as...
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Harprithipal Shahi, CPA CGA
Dec 22, 20204 min read
Salary vs. Dividends: How to pay yourself from your corporation
If you are a owner of small business corporation in Canada, one of the first step is to determine whether you want to pay yourself a...
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Harprithipal Shahi, CPA CGA
Dec 21, 20202 min read
Tax Tips for New Business Owners
Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business...
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Harprithipal Shahi, CPA CGA
Dec 21, 20204 min read
What is a CRA Tax Audit and How to avoid it?
CRA audits are scary and no body wants to be flagged for an audit. So, do you hire a experienced and qualified CPA for your accounting...
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Harprithipal Shahi, CPA CGA
Dec 21, 20202 min read
Motor Vehicle Expense Rules for Canadian Business
As a small business owner, you are allowed to claim your vehicle expenses as a deduction with some conditions. Here are the rules for...
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Harprithipal Shahi, CPA CGA
Dec 21, 20202 min read
Understand Your Tax Slips: T3, T4 and T5
Tax statements or slips are the most important type of document to be used to prepare your tax return. Below is a quick summary of T3, T4...
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Harprithipal Shahi, CPA CGA
Dec 21, 20203 min read
Income splitting strategies in Canada to lower your taxes
There are number of ways to split income with family members to provide significant tax savings, but it comes with set of rules. In this...
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