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Author name: Haroon Khan, CPA, CA, CPA (USA)

Incorporate or Not: Making the Best Financial Decision for Your Business

Leave a Comment / Corporate Tax & Accounting Issues /

By Haroon Khan, CPA, CA (Canada), CPA (USA) Many of our clients approach us while actively running their sole proprietor/partnership businesses or managing their individual investments. They often ponder whether it is best to establish a corporation to conduct their business or continue operating as sole proprietors or in partnerships. In this blog post, we […]

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Simplifying Income Tax Provisions: A Step-by-Step Guide to Auditing/Preparing Deferred Income Tax Provisions

Leave a Comment / Specialized Tax Issues /

By Haroon Khan, CPA, CA (Canada), CPA (USA) I can still vividly recall the time when I was working on my first deferred income tax provision according to the International Financial Reporting Standards (IFRS) guidelines, specifically IAS12. It was, during my tenure as a Senior Associate at KPMG when I was assigned the task of

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Non-Resident Businesses: Don’t Delay Your Canadian Business Number Application

Leave a Comment / International Tax Issues /

By: Haroon Khan, CPA, CA (Canada), CPA (USA) In this blog post, we will be discussing the importance of obtaining a business number, from the Canada Revenue Agency (CRA) in a timely manner. Over the years due to the absence of business numbers, foreign clients had a tough time meeting deadlines as a result they

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Non-Resident Canadian Businesses: Avoid Misunderstandings & Costly Mistakes

International Tax Issues /

By: Haroon Khan, CPA, CA (Canada), CPA (USA) If you’re a foreign corporation, partnership, or an overseas individual, considering doing business in Canada, this blog post is tailored for you. We aim to provide clarity on the topic of taxes as there seems to be some confusion. Some people mistakenly believe that if you’re exempt

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Decoding Partnership for Canadian Citizens: Understanding How UHT Rules Impact You and Your Spouse’s Joint Properties

Canada/U.S. Individual Tax Issues /

By Haroon Khan, CPA, CA (Canada), CPA (USA) To simplify tax matters, we have prepared a course on Underused Housing Tax (UHT) regulations in Canada. We have received a lot of queries regarding the impact of rules on jointly owned properties by citizens and Permanent residents, particularly when spouses are involved. This blog explains the

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How to Conduct Business in Canada – A Blog for Non-Canadians

International Tax Issues /

By Haroon Khan, CPA, CA (Canada), CPA (USA) If you’re a non-Canadian corporation, partnership, or individual planning to conduct business in Canada without a Canadian subsidiary then this blog is for you. Here we’ll provide a step-by-step guide on the tax regulations and laws that are applicable to your business. It’s important to note that

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