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 Canadian who pays rent to a non-resident landlord must withhold 25% of the gross amount and send it to the Canada Revenue Agency (CRA) by
Quick Answer: If you are resident in Canada, you report foreign rental income on Form T776 in Canadian dollars, exactly as you would report domestic rent. You claim
For people who are looking to achieve financial freedom and secure their future, it’s highly important to start creating a stream of passive income, and one way to
Key takeaways: Tax payments can create a large dent in cash flow from your rental properties and affect your available capital for reinvestment Rental property owners in Canada
Key Takeaways: As of October 2020, real estate salespersons or brokers in Ontario can now incorporate their business income through a A Personal Real Estate Corporation (PREC) A
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
