Our expertise helps our clients understand how new tax regulations affects their business
Curious to know how the Canadian tax system applies to OnlyFans (OF)? Generally, you are responsible for paying your portion of income tax if you have joined OnlyFans as a performer and have begun earning money.
Quick Answer: A condominium corporation tax return is the T2 corporate income tax return, and every Ontario condominium corporation must file one within six months after its year-end,
Quick Answer: In Canada, you must keep your tax records for six years after the end of the last tax year they relate to. File a return late
Quick Answer: The Voluntary Disclosures Program lets you correct unreported income, unfiled returns or missed foreign asset forms before CRA finds them. Under the rules that took effect
Quick Answer: A Tax Court appeal under the Informal Procedure is usually heard within 180 days of the Crown’s reply deadline, with judgment due 90 days after the
Quick Answer: CRA is concentrating audit activity in 2026 on GST/HST schemes, real estate, the platform economy, crypto assets and other higher-risk sectors. Its current departmental plan names
Quick Answer: Choptiany et al v. The King is the 2022 decision in which the Tax Court allowed five appeals outright because the Crown repeatedly failed to comply
Our team is ready to discuss your business needs and answer any questions you may have. Use our quick contact form to get in touch with us
CPAs (Chartered Professional Accountants) provide a range of financial services, including tax preparation, auditing, financial planning, and consulting to individuals, businesses, and organizations.
Put simply, most small businesses do not require monthly reports on their sales and expenses which would require monthly bookkeeping. Year-end taxes allows business owners to figure out their financials at end of the year to file their tax return and pay their tax liability
Simple, as new clients we only require three things from you 1) Articles of Incorporation 2) Previously filed tax return 3) Bank statements for fiscal year in PDF format. Simple right? Yep, that’s all we will handle the rest
CPAs typically charge fees based on various factors, including the complexity of the work, the time involved, and the specific services required. Some offer flat fees, while others charge hourly rates. Most important factor is the time we spend on each file.
Nope! receipts and invoices can be the CRA which must be maintained for up to 6 years in case they request to review your business. We only require copies of the bank statements or a schedule provided by you
We assist corporate clients with personal taxes, emphasizing tax planning for incorporated business owners. Our electronic processes streamline the management and filing of personal taxes. Personal tax services are exclusively offered to our corporate clients and their partners, ensuring a personalized touch come tax time.
Our primary focus at FShad CPA is to help corporate businesses with their accounting needs. For simple tax returns such as T4 slips we recommend using over-the-counter tax preparation software. If you have questions regarding your personal taxes or investments, we will be happy to advise you
