Category: Tax Tips

Tax Tips
Leasing vs. Financing a Car for Your Business in Canada

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

Corporate Tax, Professional Corporation, Tax Tips
Corporate Capital Gains Tax Rate for Canadian Corporations

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

Tax Tips
How to File Taxes if Self-Employed in Ontario

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

What is a TFSA (Tax-Free Savings Account)
News and Tax Updates, Tax Tips
What is a TFSA (Tax-Free Savings Account)

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

What are the Articles of Incorporation?
Personal Tax, Professional Corporation, Tax Tips
What are the Articles of Incorporation?

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

Income Splitting
Personal Tax, Tax Tips
Income Splitting in Canada for 2019

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

How to Prioritize Paying Off Medical School Loans
Personal Tax, Tax Tips
How to Prioritize Paying Off Medical School Loans

One of the questions I get a lot from my clients is when should I

The 4 Most Common Tax Write Offs and Deductions for Small Business
Corporate Tax, Professional Corporation, Tax Tips
The 4 Most Common Tax Write Offs and Deductions for Small Business

As a business owner, you care about two things and two things only, that’s increasing

Should You Lease or Buy a Car? How to Determine Which Approach Will Save You More in Taxes
Tax Tips
Should You Lease or Buy a Car? How to Determine Which Approach Will Save You More in Taxes

Should you lease or buy a car? Many people will justify purchasing a more expensive

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

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

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

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

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

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