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: An allowance is a fixed amount paid before an expense, and a reimbursement repays a receipted cost after it. Both let an employer recover GST/HST, through
Quick Answer: In 1351231 Ontario Inc. v. Canada, the courts confirmed that GST/HST applied to the sale of the condominium because the owner had switched it to short-term
Quick Answer: Influencers in Canada must register for GST/HST once worldwide taxable supplies exceed $30,000 over four consecutive calendar quarters. Payments from foreign platforms count toward that threshold
Quick Answer: The place of supply rules decide which province’s GST/HST rate applies to a sale. For most services, the rate follows the recipient’s home or business address
Quick Answer: Short-term accommodation in Canada is a taxable supply, so a host must register and charge GST/HST once revenue passes $30,000 over four consecutive calendar quarters. Rentals
Quick Answer: Zero-rated supplies are taxable at a rate of 0 per cent and let you claim input tax credits on the costs behind them. Exempt supplies carry
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
