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Junaid Usmani, CPA

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I had a meeting with this new client. He was this young cardiologist, and due to his really busy work schedule, he was unable to make it into our office, so I had agreed to meet with him at his workplace, his hospital. So, I remember showing up to the food court at his hospital, at the time that we had discussed, and I waited 5, 10, 15 minutes and there was no sign of this doctor. Coming up to that 30 minute mark, I was just getting ready to pack up and leave when suddenly this doctor came racing in. He was sweating and he was apologizing profusely saying, "I'm sorry, I got stuck in surgery."

And that's when it hit me, we're not just accountants. We're not just bean counters. We're not just number crunchers. Our job is much more than that because we help people like this cardiologist do what they do best. We help them do the work that they're meant to do without having to worry about the numbers.

Growing up, I was really good with numbers. As I got older and older, I had this growing interest in working in law, which is why when I took my first taxation course at university, I was blown away. This is where numbers met the law and I loved it. Shortly after that, I pursued a Masters in Taxation from the University of Waterloo. I got a job with one of the big four, and began my career. Didn't take too long before I got pigeon-holed into a very narrow area of international taxation, and got bored out of my brains.

This is what led me to SRJ. Here I got to work with all these high net worth individuals, these interesting small business owners, as well as these really cool entrepreneurs. I got to see how personal taxes, and corporate taxes, and trust and estate planning and all these interesting concepts I had learned about came together. I got to connect the dots in an effort to save my clients their hard-earned dollars.

By doing so, I was able to help them put more money back into their businesses. By doing so, I was able to help them put more money away for their children's education, and actually make a meaningful impact on my clients’ lives. I'm a firm believer that everyone has a job to do. That cardiologist had a job to do. The entrepreneur has a job to do. The small business owner has a job to do. And my job is to help these people with their accounting and their taxes so that they can do, what they do best.

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Posts by Junaid Usmani, CPA

How Business Owners Can Maximize Tax Savings with RRSP Contributions

Posted on August 29, 2023 (August 30, 2023)

As a business owner, you have two options to defer paying taxes on profits: leaving …

Read More

Posted in Personal Tax, Updates

Do You Have To Charge The Contractor With GST/HST?

Posted on August 16, 2023 (September 17, 2023)

The question, “Do I need to charge HST or GST as a contractor?” is pivotal, …

Read More

Posted in Uncategorized

KPIs: How to Set the Right Parameters for Your Business

Posted on July 18, 2023 (July 18, 2023)

In today’s Canadian business landscape, the importance and undeniable power of data are evident. As …

Read More

Posted in Updates

Maximizing Returns: A Comprehensive Guide to Structuring Compensation for Canadian Business Owners

Posted on June 13, 2023 (June 13, 2023)

Understanding what a compensation plan is and choosing the appropriate compensation method for your Canadian …

Read More

Posted in Corporate Tax, Professional Corporation

Maximizing Returns: TFSAs Empowering Business Owners’ Financial Growth

Posted on June 3, 2023 (June 4, 2023)

For entrepreneurs with a corporate structure, deciding what to do with any excess profits can …

Read More

Posted in Corporate Tax

Canada’s Federal Budget 2023: Prioritizing Relief, Recovery, and Resilience

Posted on May 8, 2023 (September 13, 2023)

On March 28, 2023, Chrystia Freeland, the Federal Minister of Finance in the Canadian government, …

Read More

Posted in News and Tax Updates, Updates

Maximize Your Startup’s Profitability: Essential Tax Strategies to Keep in Mind

Posted on March 27, 2023 (July 28, 2023)

Keeping tax for startups in mind as your startup business expands is crucial. Planning for …

Read More

Posted in Startups Guide

Corporate Tax Deadline 2023

Posted on February 13, 2023 (September 13, 2023)

The 2023 Corporation Tax Deadline is Fast Approaching in Canada. As a business owner in …

Read More

Posted in Corporate Tax

Measures Announced to Respond to Post-COVID-19 for Businesses

Posted on January 23, 2023 (January 23, 2023)

As the situation surrounding COVID – 19 continued to evolve, the Canadian government introduced many …

Read More

Posted in News and Tax Updates

How to Determine Your Company’s Fiscal Year

Posted on January 18, 2023 (January 18, 2023)

What is a Fiscal Year? A fiscal year, also sometimes known as the financial, tax, …

Read More

Posted in Corporate Tax

Consultation on the Underused Housing Tax (UHT) Act in Canada

Posted on December 20, 2022 (August 5, 2023)

In the 2021 budget, the government of Canada decided to implement a tax, effective from …

Read More

Posted in Real Estate

Selling Shares of an Active Business to Family Members in Canada

Posted on June 2, 2022 (January 3, 2023)

According to the old tax law in Canada, if a business owner sold off their …

Read More

Posted in Business Valuation

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Recent Posts

  • How Business Owners Can Maximize Tax Savings with RRSP Contributions
  • Do You Have To Charge The Contractor With GST/HST?
  • Decoding the Latest Updates on the New Home Renovation Tax Credit by CRA
  • KPIs: How to Set the Right Parameters for Your Business
  • Maximizing Returns: A Comprehensive Guide to Structuring Compensation for Canadian Business Owners

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    Recent Posts

    Maximize Tax Savings with RRSP Contributions
    How Business Owners Can Maximize Tax Savings with RRSP Contributions

    As a business owner, you have two options to defer...

    August 29, 2023
    Do You Have To Charge The Contractor With GST/HST?

    The question, "Do I need to charge HST or GST...

    August 16, 2023
    Decoding the Latest Updates on the New Home Renovation Tax Credit by CRA

    Starting from this year, 2023, a notable addition to the...

    August 11, 2023

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