Update - Our office is open for public and we doing personal taxes in Person
PREC – Personal Real Estate Corporations A new and amended regulations to the Real Estate and Business Brokers Act, 2002 (REBBA) has been released by the Ontario Government. The new regulation deals with personal real estate corporations and gives real estate agents the ability to utilize the benefits of incorporation. Brokers and salespeople may also
In March, a significant law affecting Realtors in Ontario received Royal Assent: The Trust in Real Estate Services Act, 2020 (TRESA). The new legislation developed from the Real Estate Business and Brokers Act, 2002 (REBBA). The Trust in Real Estate Services Act, 2020 (TRESA) enables Realtors to perform incorporation and receive remuneration through a Personal Real
This is Muhammad Nasrullah, Chartered Professional Accountant 20 years in public practice Serving GTA Brampton and Mississauga Area How To Hire A Good Accountant – 5 Things You Should Know 1. Make sure the accountant has a designation It does not matter whether the individual has a CPA, CGA or CMA 2. Make sure the
If You Made Charitable Donations This Year, Here’s What You Need To Know: You can claim 5 years’ charitable donations all at once You can carry forward the charitable donations up to 5 years if there’s not enough taxable income to be deducted in the current year You can only claim charitable donations on taxable
This is Muhammad Nasrullah, Chartered Professional Accountant 20 years in public practice Serving GTA Brampton and Mississauga Area Information That You Need To Provide To Accountants For Personal Tax Return 1. Errorless spelling of your first and last name, the SIN, date of birth, mailing address, email address and cellphone number. Same information of your
This is Muhammad Nasrullah, Chartered Professional Accountant 20 years in public practice Serving GTA Brampton and Mississauga Area. Advantages Of Having Professional Real Estate Corporations – 5 Things You Should Know Director can get T5 (instead of T4) and save taxes Director can give dividends to family members and reduce taxes Family members include
This is Muhammad Nasrullah, Chartered Professional Accountant 20 years in public practice Serving GTA Brampton and Mississauga Area Disadvantages Of Having Professional Real Estate Corporations – 3 Things You Should Know 1. More Paperwork You have to fill Ontario Corporation Return, Federal Corporation Return, HST Return, T4 Return separately 2. Potentially More Wages Expense For