Corporate Tax & Accounting Issues

Navigating CRA Elections: A Handy Reference Guide

Recently, I explored a complete list of Canada Revenue Agency (CRA) elections after encountering two different situations with my clients. In one scenario I was helping my client with their late principal residence designation election form, during which I discovered there was no specific area to upload this election on the CRA represent a client …

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Mastering Tax and Accounting Acronyms: Your Go-To Abbreviation List

Are you familiar, with the world acronyms used for tax and accounting? If not don’t worry! We understand that it can be confusing when professionals use abbreviations that you’re not familiar with. That’s why we’ve created a list of used abbreviations in the tax and accounting field. The time you come across an abbreviation that …

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

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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