Category: Tax Tips

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 …

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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 …

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

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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 …

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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 …

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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 …

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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 …

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

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

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Quantifying Damages - Assessing Personal Income of Employed Individuals
News and Tax Updates, Tax Tips
Quantifying Damages – Assessing Personal Income of Employed Individuals

In assessing income for personal injury matters, it is typically more difficult to project the …

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Can you receive a Tax Credit for Political Donations?
Tax Tips
Can you receive a Tax Credit for Political Donations?

As political donations made towards political parties has been known to be a great way …

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

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

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How to Pay the Canada Revenue Agency
Tax Tips
How to pay the Canada Revenue Agency (CRA)

It is reasonable to assume that many Canadians do not like to pay taxes, and …

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