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Shayan Rashid, CPA

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I arrived to a meeting with a new client. It ends up being a 20 year old gentleman and he's just dropped out of university to pursue a groundbreaking technology that's going to save lives. Everything sounds fantastic. "Except there's just one issue", he says, "I haven't filed my taxes and it's really "putting the whole project into jeopardy." The concept of taking an idea and transforming that into a groundbreaking technology that's going change the world, it's fascinating to me. I started my first business when I was 14 years old. I love the thrill of starting something from scratch.

When I went into accounting, I knew I wanted to start a different type of firm. A firm that understands the needs of entrepreneurs and small business owners. An accounting firm with the soul of a startup. When I'm on the phone with a client and they're having parallel issues or they require HR advice, they may have had a breakout year and there's this huge tax bill that they're worried about, I understand what they're going through because I have been there before. I love working with groundbreaking companies and alleviating some of the stress that comes with accounting and taxation.

That 20 year old university dropout has now raised millions of dollars. We've helped him get the necessary support through government tax credits. He's well on his way to building that groundbreaking technology which is going to save lives. I love the fact that we get to help him get there.

Academic Background & Expertise

Shayan Rashid has built a strong academic foundation, starting with a Bachelor of Arts degree with Honours in Economics and Honours in Finance from Wilfrid Laurier University (2001-2005).

He further solidified his financial expertise by obtaining his Chartered Accounting Designation, specializing in Public Accounting, from Chartered Professional Accountants of Canada (CPA Canada) between 2007 and 2009. Beyond traditional accounting, Shayan is deeply invested in leveraging Artificial Intelligence (AI) and cloud-based bookkeeping. He continuously strives to stay ahead of the curve, adapting to the latest AI trends to better serve the evolving needs of entrepreneurs.

Journey & Role in the Industry

Shayan's got a real understanding of what his clients go through because he started his own business when he was just 14. That kind of hands-on experience gives him a down-to-earth perspective.

He's the co-founder and driving force behind SRJ CPAs, and he's been working to change how entrepreneurs handle their finances. He's focused on helping private businesses with revenues up to $80M and venture-backed tech startups, and he's turned SRJ CPAs into a pretty well-regarded, tech-focused accounting firm in Canada. They've even picked up a few awards for innovation and service.

Shayan wanted to build an accounting firm that got what startups needed, so he made SRJ CPA’s with that "soul of a startup" feeling. He helps innovators and small businesses with financial solutions that help them grow. He's known for helping young tech entrepreneurs get funding and deal with tax credits. SRJ CPA offers things like AI-driven financial forecasting, tax optimization, cloud-based bookkeeping, and general advice. He also works with business owners through incubator programs like the EO Accelerator and helps larger companies expand into Canada. He's pretty involved in helping businesses at different stages.

Personal Interests & Hobbies

When he's not just "crushing businesses," Shayan's passion ignites on the basketball court. A die-hard sports fan, he channels the same strategic drive from finance into his game. Beyond the thrill of the three-pointer. He's dedicated to mentoring aspiring entrepreneurs and sharing his hard-won business wisdom. For Shayan, whether it's a slam dunk or a startup success, it's all about playing to win.

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Posts by Shayan Rashid, CPA

What are the Articles of Incorporation?

Posted on March 25, 2025 (April 9, 2025)

Articles of incorporation in Canada is a legal document required for the incorporation process and …

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Posted in Personal Tax, Professional Corporation, Tax Tips

How to pay the Canada Revenue Agency (CRA)

Posted on March 23, 2025 (April 9, 2025)

It’s fair to say that many Canadians aren’t fond of paying taxes, and that sentiment …

Read More

Posted in Tax Tips

Canadian Tax – Personal Tax Deadline 2025

Posted on March 21, 2025 (April 9, 2025)

Resources and Tools to Sort Out Your Personal Taxes for 2024 The tax season in …

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Posted in News and Tax Updates, Personal TaxTagged Canadian tax deadlines, RRSP Deadline for RRSP Contribution, Tax deadlines 2013, tax tips

The Requirements for Sales Tax in Canada when Selling Goods or Services

Posted on March 17, 2025 (April 7, 2025)

If you are engaged in selling goods or services to Canadian customers, you are likely …

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Posted in Sales Tax

What To Do If You Make A Mistake On Your Tax Return In Canada

Posted on March 15, 2025 (April 7, 2025)

It’s that time of the year again when you have to take out all your …

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Posted in Personal Tax

Tax Efficient Ways to Withdraw Money from Your Business

Posted on March 11, 2025 (March 14, 2025)

Business owners work hard to set up their businesses and generate profits. During the first …

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Posted in Corporate Tax

Is Psychotherapy Tax Deductible in Canada?

Posted on March 7, 2025 (April 7, 2025)

Psycho-behavioral therapy, often called counseling or talk therapy, is an important component of primary care …

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Posted in Personal Tax, Psychotherapy Tax

Leasing vs. Financing a Car for Your Business in Canada

Posted on March 5, 2025 (March 9, 2025)

The decision on whether leasing or financing a car is better for you is dependent …

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Posted in Tax Tips

Can I Deduct Home Office Expenses on my Tax Return 2024?

Posted on March 1, 2025 (March 2, 2025)

A growing segment of the Canadian population is self-employed, and many are operating their business …

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Posted in Tax TipsTagged business expenses, home office expenses, tax planning, tax tips

Income Splitting in Canada for 2024

Posted on February 25, 2025 (April 7, 2025)

The federal government’s expanded Tax on Split Income (TOSI) rules came into effect on January …

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Posted in Personal Tax, Tax Tips

Investment Tax Credits: How to Boost Your Returns While Reducing Taxes

Posted on December 20, 2024 (February 23, 2025)

Investing in opportunities that align with your financial goals while reducing tax liabilities is a …

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Posted in Tax Tips

How to Get a Refund on Non-Resident Taxes Withheld in Canada

Posted on December 20, 2024 (February 23, 2025)

For non-residents earning income from Canadian sources, understanding withholding tax in Canada is essential to …

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Posted in Tax Tips

Inheritance Tax and Cross-Border Rules: What Canadians Need to Know

Posted on December 20, 2024 (February 18, 2025)

Navigating the rules around inheritance tax in Canada and cross-border tax implications can be complex, …

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Posted in International Tax

Top Common Bookkeeping Mistakes Small Businesses Make

Posted on November 5, 2024 (April 7, 2025)

Bookkeeping is the backbone of financial management for any business, yet small business owners often …

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Posted in Accounting Firm, Small Business

QuickBooks vs. Xero: Which Is the Better Choice?

Posted on October 24, 2024 (April 7, 2025)

Choosing the right accounting software is a crucial decision for small businesses looking to streamline …

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Posted in Cloud Accounting and Bookkeeping

Federal Government Announces Updates to Canadian Entrepreneurs’ Incentive in Capital Gains Tax Overhaul

Posted on October 24, 2024 (February 23, 2025)

The recent federal tax changes for entrepreneurs in Canada have brought significant updates to the …

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Posted in Tax Tips

Effective Payroll Management for Canadian Small Businesses

Posted on September 7, 2024 (February 23, 2025)

Managing payroll is a critical aspect of running any business, particularly for small businesses in …

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Posted in Payroll

How to Choose the Right Payroll Service for Your Business

Posted on September 7, 2024 (April 7, 2025)

Selecting the right payroll service for your business is a crucial decision that can significantly …

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Posted in Payroll

The Reasons Behind Employing Third-Party Payroll Services

Posted on September 7, 2024 (February 18, 2025)

Managing payroll can be a complex and time-consuming task for businesses of all sizes, including …

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Posted in Payroll

Navigating Short-Term Rentals: New Rules, Penalties & Best Practices 2024

Posted on August 7, 2024 (February 18, 2025)

Overview Thanks to websites like Airbnb and VRBO, the short-term rental market has changed dramatically …

Read More

Posted in Real Estate

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Recent Posts

  • What are the Articles of Incorporation?
  • How to pay the Canada Revenue Agency (CRA)
  • Canadian Tax – Personal Tax Deadline 2025
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  • The Requirements for Sales Tax in Canada when Selling Goods or Services

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