Corporate taxation and advisory
T2 returns, salary and dividend planning, and advice through the year, not only at filing time.
Corporate taxCPA firm in Concord, serving the GTA
Standing by you through thick and thin. We make every client feel at ease with their business, their taxes and the CRA, with accounting, tax and bookkeeping for owner-managers and corporations.
Our services
Our qualified CPAs help with financial reporting and statements, accounting, assurance, and personal finances.
T2 returns, salary and dividend planning, and advice through the year, not only at filing time.
Corporate taxWe become the CRA's point of contact for reviews, audits and objections, inside the deadlines it sets.
CRA helpYour books kept current and reconciled, so year-end is a formality rather than a scramble.
BookkeepingReview engagements and statements scoped to what your lender, bonding company or board actually requires.
AssurancePersonal returns for our corporate clients and their partners, planned together with the business.
Personal taxThe right software, set up and connected, so the numbers flow without retyping.
System setupWhy FShad CPA
FShad CPA is a one-stop shop for your accounting needs. From taxes to audits, an experienced team who know how difficult the Canadian business world can be to navigate has you covered.
We stand out for the specialized services we offer, from corporate tax returns to international and real estate tax. For anything tax-related, one firm handles the whole year.
Reviews
From the business owners whose books, taxes and CRA letters we look after.
Highly recommend if you are looking for a CPA in Canada. Faiq has helped our growing business answer and navigate a lot of questions in an uncommon marketplace. Going above and beyond to thoroughly research our industry and industry partners, and the tax obligations for working with out of country and out of province sales. Looking forward to continue working together as our business continues to grow and expand.
Faiq was very gracious in giving me his time over the phone to help answer my questions regarding tax planning for a self employed musician :) much appreciated!
Called for a consultation and Faiq was generous with his time and very helpful!
I don’t write reviews often, but this one felt necessary because the experience was genuinely that good. I came in with a lot of questions about our corporate structure and tax obligations — the kind that can feel overwhelming when you’re trying to piece it all together on your own — and I left the call feeling like everything finally clicked. The level of detail was unlike anything I’ve experienced with an accountant before. We talked through corporate tax obligations, how different income types are treated, personal tax implications for shareholders, structuring for multiple partners, and more, and every single answer was specific, practical, and actually addressed the nuance behind each question. There was no hand-waving, no vague “it depends” without a real follow-up — just clear, confident, deeply informed guidance from someone who genuinely knows this space inside and out. Highly, highly recommend.
I reached out looking for clarity on our corporate tax situation and honestly wasn’t sure what to expect, but this call completely exceeded every expectation. From the moment we got on the phone, it was clear I was speaking with someone who truly knows their stuff. We covered so much ground in one conversation — corporate structuring, T2 filings, income characterization, dividend extraction versus salary, HST thresholds — and not once did I get a vague or generic answer. Everything was explained with real context and depth, connecting the corporate and personal tax sides in a way that gave us a full picture rather than just pieces of it. What stood out most was how thorough and unhurried the whole call felt — every question was met with a confident, well-thought-out response. If you’re a business owner navigating anything complex, I’d strongly recommend booking a consultation. This was exactly the kind of knowledgeable, no-nonsense guidance I needed, and I left feeling genuinely confident about the direction we’re heading.
Although I didn’t become his client but Faiq was helping answering my questions and referring me to the right person for help. Highly recommend.
Can’t say enough good things about Faiq. He’s handled our corporate taxes for years and recently helped us through a CRA income tax audit. His knowledge and prompt responses made what could have been a nightmare actually manageable. He’s been there for us through everything and has saved our business a significant amount of money. Highly recommend for anyone dealing with a tax audit.
I had an excellent consultation about setting up my IT services business. Faiq provided clear guidance on corporate structures, shareholder loans, HST registration timing, and the realities of tax deferral vs. elimination. He explained everything in plain language and helped me understand when incorporation makes sense for my scenario. His expertise around requirements and potential CRA audit preparation gave me confidence in planning ahead. If you're in need of a knowledgeable Woodbridge accountant and straightforward advice, I highly recommend reaching out.
Faiq has been handling our corporate taxes for the past few years and when we got hit with a CRA tax audit last year, he guided us through the entire appeal process. We actually won the appeal! Throughout the whole CRA audit, Faiq was always punctual with meetings and kept us updated every step of the way. As a YouTube creator, it’s hard to find an accountant who understands our business model, but Faiq gets it. Highly recommend FShad CPA.
Thoughtful, knowledgeable, respectful, honest and a hardworking accountant! Highly recommended!
I recently had the pleasure of working with Faiq and couldn't be more satisfied with the experience. He was friendly and patient, and answered all my questions while making the entire process stress-free. Faiq was efficient and filed my taxes quickly, which was a relief. Highly recommend his services for anyone in need of a great accountant!
Industries
Some of the industries FShad CPA has helped, and still helps.
Subcontractor chains, holdbacks and the CRA attention they draw.
ConstructionPlatform income, GST/HST registration and the gear you can write off.
Content creatorsBusiness income on your personal return, HST registration and tax instalments.
Commission income, HST on commissions and a personal real estate corporation.
Capital cost allowance on equipment, inventory and SR&ED claims.
ManufacturingCross-border shipments, duties, foreign currency and HST on freight.
Import and exportCash sales, tips, inventory and which food carries HST.
Royalties, contract income and the expenses of making a living in music.
MusiciansAdvisers, agents and brokers: commission income and services exempt from HST.
Knowledge centre
Plain-language guides to the tax questions our clients ask most.
CRA Audits & Tax Compliance
Submit a service complaint to the CRA on Form RC193 after asking a supervisor. It aims to reply in six weeks; then the Taxpayers' Ombudsperson can review it.
Personal Tax
Newcomer? Apply for the CGEB (Form RC151) and child benefits (RC66) on arrival. Your first return taxes foreign income from that day and prorates tax credits.
Corporate Tax Planning
Usually not. A Canadian company needs an EIN, the US tax identification number, for a US return, US payroll or a US bank. A W-8BEN-E covers the rest.
Questions
A Chartered Professional Accountant (CPA) provides a range of financial services, including tax preparation, auditing, financial planning and consulting, to individuals, businesses and organizations.
Most small businesses do not need monthly reports on their sales and expenses, which would mean monthly bookkeeping. Year-end taxes let a business owner work out the year's figures at the end of the year, file the return and pay the tax owing.
Three things to start: your articles of incorporation, your last filed tax return, and your bank statements for the fiscal year as PDFs. We handle the rest.
Fees depend on the complexity of the work, the time involved and the services required. Some CPAs charge flat fees and others hourly; for us, the most important factor is the time we spend on each file.
No. Keep your receipts and invoices yourself, because the CRA can ask to see them for up to six years. We only need your bank statements, or a schedule you prepare.
We prepare personal returns for our corporate clients and their partners, with the planning done alongside the business. Our electronic process makes gathering, reviewing and filing simple.
Our focus is corporate clients and their accounting. For a simple return, such as one with only T4 slips, tax software usually does the job. If you have questions about your personal taxes or investments, we are happy to advise.
Our team is ready to discuss your business needs and answer any questions you may have. Use the form to get in touch with us.