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: Homeowner tax credits in Canada include the $10,000 home buyers’ amount, the home accessibility credit on up to $20,000 of renovations a year, and a refundable
Quick Answer: In Canada, people commonly miss tax deductions such as union and professional dues, tradesperson’s tools, carrying charges and pension income splitting, and credits such as medical
Quick Answer: Tax slips in Canada are statements that employers, financial institutions, trusts and governments file with the CRA and send to you by the same deadline. Most
Quick Answer: The Ontario Trillium Benefit combines three Ontario credits into one tax-free payment: the energy and property tax credit, the Northern Ontario energy credit and the sales
Quick Answer: An excess in your RRSP is taxed at 1% per month above your deduction limit plus a $2,000 lifetime buffer. You file Form T1-OVP and pay
Quick Answer: W-8BEN is the IRS form a Canadian individual gives a US payer to certify they are not a US person and to claim Canada-US treaty rates.
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
