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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

How to Select a SR&ED Consultant

Posted on January 4, 2021 (February 18, 2025)

Individuals and corporations in Canada can apply for lucrative tax credits for completing scientific research …

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Posted in Corporate Tax, Professional Corporation, SR&ED

Tax Benefits of Shareholder Loans

Posted on December 22, 2020 (February 17, 2025)

As a shareholder of an incorporated business you should consider the possibility of issuing shareholder …

Read More

Posted in Corporate Tax, Tax TipsTagged housing loan, shareholder loans, student loan, Tax deferral, tax planning, tax tips

How to Pay Less Tax on Rental Properties

Posted on December 15, 2020 (April 7, 2025)

Let’s face it! We all want to pay fewer taxes. The first step always is …

Read More

Posted in Personal Tax, Real Estate, Tax Tips

How to Qualify for Ontario Interactive Digital Media Tax Credit (OIDMTC)

Posted on November 27, 2020 (February 18, 2025)

As there is a notable shift in the world due to digital technology forces, the …

Read More

Posted in Corporate Tax, Personal Tax, Tax Tips

How to Get Government Grants and Funding for Startups in Ontario

Posted on October 13, 2020 (February 23, 2025)

If you’re trying to start a business or attempting to grow an existing one, there …

Read More

Posted in Corporate Tax

Get Your SR&ED Tax Credits and Benefits

Posted on October 13, 2020 (February 23, 2025)

In Canada, the federal government offers varying types of tax credits that are specifically designed …

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Posted in SR&ED

What is a Holding Company and When Should I Set One Up?

Posted on October 5, 2020 (November 25, 2024)

When thinking about incorporating a business, or evaluating your ownership structure, you may have heard …

Read More

Posted in Corporate Tax

Corporate Capital Gains Tax Rate for Canadian Corporations

Posted on September 9, 2020 (April 7, 2025)

New tax rules were implemented in 2019 by the Government of Canada regarding investment income …

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Posted in Corporate Tax, Professional Corporation, Tax Tips

How to File Taxes if Self-Employed in Ontario

Posted on September 9, 2020 (February 23, 2025)

Self-Employed Taxes in Ontario Being self-employed as a sole-proprietor or part of a partnership would …

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Posted in Tax Tips

Benefits of Incorporation for Realtors in Ontario (PREC)

Posted on August 10, 2020 (February 23, 2025)

Realtors now have the opportunity to incorporate with the passing of Bill 145, Trust in …

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Posted in Real Estate Investor Tax

How to Incorporate in Ontario

Posted on August 10, 2020 (February 23, 2025)

What does incorporated mean Incorporations are a type of business ownership that forms a separate …

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Posted in Professional Corporation

What is a TFSA (Tax-Free Savings Account)

Posted on July 1, 2020 (February 17, 2025)

A Tax-Free Savings Account (“TFSA”) is an account used for the purposes of holding registered …

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Posted in News and Tax Updates, Tax Tips

Everything You Need to Know About Bill 145 Trust in Real Estate Services Act, 2020

Posted on June 27, 2020 (February 23, 2025)

What is Bill 145? On March 4, 2020, Bill 145 received royal assent. Bill 145, …

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Posted in Real Estate Investor Tax

How to Choose A Real Estate Accountant

Posted on June 27, 2020 (February 23, 2025)

Choosing the right real estate accountant is vital to the finances of any real estate …

Read More

Posted in Real Estate Investor Tax

About SRJ Chartered Accountants

Posted on January 11, 2019 (May 2, 2024)

We shatter all the perceptions you might have about an accounting firm. We don’t see …

Read More

Posted in News and Tax Updates

Meet Shayan Rashid

Posted on January 4, 2019 (November 28, 2024)

I arrived to a meeting with a new client. It ends up being a 20 …

Read More

Posted in News and Tax Updates

Voluntary Disclosure Program

Posted on December 6, 2018 (January 5, 2023)

So you haven’t filed your taxes in years. What were you thinking? The stress from …

Read More

Posted in Corporate Tax, Personal Tax

How to Convert a Sole Proprietorship into a Corporation

Posted on November 9, 2018 (November 25, 2024)

So your business is growing and you’ve heard that it could be beneficial if you …

Read More

Posted in Professional Corporation

Real Estate Investors – 5 Things You Should Know Before Buying a Property in Canada

Posted on March 22, 2018 (February 18, 2025)

Real estate is hot and money is cheap. Everyone wants to get in right away …

Read More

Posted in Real Estate Investor Tax

Ask SRJ: Do I Qualify for the GST/HST Housing Rebate?

Posted on July 11, 2016 (February 23, 2025)

It is credible to state that a large portion of Ontario-residents are unaware of the …

Read More

Posted in Tax Tips

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