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At MW Mirza Chartered Professional Accountant, we offer practical strategies to small business owners and professionals in Brampton and Greater Toronto to help them organize their financial affairs, maximize tax savings and tax planning to lower tax burden. Contact us today to schedule a free consultation. We are open 6 days a week, Monday to Saturday
Different Types of Financial Engagements
Keeping your company financially sound and healthy is one of your most important responsibilities. No matter the products or ...
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How Can CPA Accountant Services Help A Small Business Owner In Mississauga And Greater Toronto Area To Save Taxes in 2020
It’s 2020, and filing taxes is still a big headache, even for small business owners. This is especially true if you have just ...
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RRSP investing tricks
One of the limitations on making deductible contributions to RRSP is your “earned income” for the preceding taxation year. ...
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Sole proprietor tax return tax return tips and deadline
You don’t need a separate or different tax return to report your business income; you report your worldwide total income on the ...
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Claim all eligible medical expenses
Missed medical expenses are one of the most overlooked and forgotten tax breaks by individuals.Many people don’t add up ...
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If you’re emigrating from Canada, don’t collapse your RRSP too early
If you leave Canada and become a non-resident for tax purposes, it could benefit you to wait until you’re a non-resident ...
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Be sure to report all T-slips
Let’s say you file your return and later discover that you’ve failed to include a T-slip reporting income or a dividend ...
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How to Avoid Audit Red Flags?
How to Avoid Audit Red Flags? There are many deductible expenses available to small-business owners, ranging from ...
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Come Clean with CRA
The Voluntary Disclosures Program (VDP) allows taxpayers to come forward and correct your inaccurate or incomplete information or ...
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Medical expenses
Medical expenses Many of us assume we don’t have enough medical expenses to get a tax credit (the total amount of receipts ...
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Advantages of income-splitting and pension-sharing
Advantages of income-splitting and pension-sharing Retired medical professionals can apply to share their Canada Pension Plan ...
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Tricks for Investing in Registered Retirement Savings Plan – RRSP
Tricks for Investing in Registered Retirement Savings Plan – RRSP One of the limitations on making deductible contributions ...
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Be weary if a CRA auditor insists you to sign a waiver
Be weary if a CRA auditor insists you to sign a waiver Under normal circumstances ,given there is no fraudulent activity ...
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Take advantage of all income-splitting and pension-sharing options
Take advantage of all income-splitting and pension-sharing options Taxpayers can apply to share their Canada Pension Plan (CPP) ...
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Should you still file taxes, even if you are not working?
Should you still file taxes, even if you are not working? Some low- or zero-income earners still think there’s no need to ...
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Keeping Your Financial Records Organized
Keeping Your Financial Records Organized Every accountant can tell a terrible tale of businesses that were not strict about ...
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Uses of a Holding Company to Own Real Property / Fixed Assets
Uses of a Holding Company to Own Real Property / Fixed Assets If your small-business owns real property and other fixed assets, ...
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Advantages of Salary vs Dividends
Advantages of Salary vs Dividends We recommend incorporated small-business owners look at the advantages of salary v.s. ...
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Managing Personal vs Business Expenses
Managing Personal vs Business Expenses Wherever possible, attempt to separate personal items from business items, such as bank ...
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Can I Claim Home Offices Expenses for my Small Business
Can I Claim Home Offices Expenses for my Small Business Tracking accurate home expenses also requires good judgement. ...
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What are Some Important Filling Deadlines for Small Businesses?
What are Some Important Filling Deadlines for Small Businesses? Missed deadlines are particularly harmful to small-businesses; ...
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Should I Incorporate My Small Business?
Should I Incorporate My Small Business? There are two common setups for small-businesses: Sole Proprietorship A sole ...
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