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Junaid Usmani, CPA

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.

Posts by Junaid Usmani, CPA

5 Things Doctors, Physicians and Surgeons Should Look for in an Accounting Firm

Posted on October 6, 2017 (January 15, 2022)

Choosing an accounting firm is a lot like choosing a spouse. You want someone that’s …

Read More

Posted in News and Tax Updates

The 3 Largest Expenses Doctors, Physicians and Surgeons Can Deduct from Their Tax Returns

Posted on September 28, 2017 (January 15, 2022)

Two of the most common mistakes I see many doctors make is either not deducting …

Read More

Posted in Tax Tips

Federal Budget 2017: Proposed Tax Changes for Private Corporations in Canada

Posted on August 31, 2017 (January 15, 2022)

In July 2017  the government has proposed significant changes that will affect how many privately …

Read More

Posted in News and Tax Updates

Ask SRJ: What are the Benefits of owning Life Insurance through a Medicine Professional Corporation vs Personally owning it?

Posted on July 11, 2016 (January 15, 2022)

It is credible to state that several physicians prefer to obtain life insurance through Medicine …

Read More

Posted in Tax Tips

Ask SRJ: What is the Voluntary Disclosure Program and how can it help personal tax filings?

Posted on May 24, 2016 (January 15, 2022)

This is the latest in our “Ask SRJ” series, where we answer questions to topics …

Read More

Posted in Tax Tips

Incorporation Rules for Ontario Doctors & Dentists

Posted on February 5, 2016 (January 15, 2022)

As incorporation into a professional corporation has several advantages for medical and dental practitioners, Accountants …

Read More

Posted in Professional Corporation

How can Physicians, Dentists, Surgeons and other dental and medical specialists Benefit from SR&ED?

Posted on December 4, 2015 (January 15, 2022)

As Chartered Professional Accountants in Toronto in Mississauga we work with doctors who are capable …

Read More

Posted in SR&ED, Tax Tips

Valuing a Small Business

Posted on October 9, 2014 (January 15, 2022)

A small, privately held Canadian business according to Industry Canada is one that consists of …

Read More

Posted in Tax Tips

Going Into Business Without an MBA: The Benefits of Consulting with a Chartered Accountant in Toronto

Posted on September 30, 2014 (January 15, 2022)

Businesses generally start with a great idea and a lot of passion. Often, these two …

Read More

Posted in Tax Tips

Valuing A Professional Medical, Dental, or Chiropractic Practice

Posted on September 4, 2014 (January 15, 2022)

There are four main considerations unique to valuing a medical service practice. Each contributed to …

Read More

Posted in Tax Tips

Supporting A Personal Injury Claim For A Child or Young Adult

Posted on August 7, 2014 (January 15, 2022)

A personal injury can happen to anyone at any age – children, university students, working …

Read More

Posted in Tax Tips

Child Care Expenses – Tax Benefits & Tips

Posted on January 3, 2013 (January 15, 2022)

Child care expenses can be deducted from income if you as the parent incur these …

Read More

Posted in Tax TipsTagged child care expenses, tax planning, tax tips

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