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 Accountants
More paperwork may lead to more salaries
3. More Expenses For Your Company
Without enough annual income, it is not advisable to have a professional real estate corporation. It will significantly reduce your saving. If you are not paying any taxes, you are not saving any taxes.
For more information, please visit our Facebook, LinkedIn and website https://nasrullahcga.com
or contact our office at 416-748-0817
Muhammad Nasrullah,CPA, CGA, LPA
Chartered Professional Accountant
Licensed Public Accountant
206A – 2365 Finch Ave. West North York, ON. M9M 2W8
Tel: (1) 416-748-0817 ext 101 Fax:(1) 416-748-6814
www.nasrullahcga.com E-mail: muhammad@nasrullahcga.com