CPAs on CPAs: All in the Family


Nizam and Shafiq interview each other on what it’s like to be CPAs, business partners, and brothers.


by Capitalize Magazine

Photography by Ramsey Kunkel Photography



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February 2023 Newsletter

TAX REORGANIZATION


Section 85 Rollover

Global Minimum Tax

TOSI

TAX ACCOUNTING


 Underused Housing Tax

T4

T5

T4A

T5018

T4A NR

Eligible v Ordinary Dividends

RESP

RESP 21 Year Plan

RRSP

TFSA

 First Time Home Savings Account

Corporate Remuneration Plan

Holding investments in your corporation

 When to invest in RRSP vs TFSA


TRUST & ESTATE PLANNING


Classification of Trusts

Individual Pension Plans

Insurance as a Retirement Strategy

Retirement Transition Planning

Power of Attorney for Property


TAX LAW


Duke of Westminster

 Global Minimum Tax

CRA


What the CRA Said


FINANCIAL STATEMENTS


Cash - Bank Reconciliations 


BOOKKEEPING


Trial Balance and the GL

Shajani Smart Ledger


FINANCIAL LITERACY


A healthy balance sheet & why it matters


CONSULTING


Financial Analysis Consulting


DEADLINES


Please note the following important dates are estimates only. Please confirm your deadlines directly with your professional advisor. 


February 15, 2023  – January payroll remittances due

February 28, 2023  – T4 filings due

February 28, 2023  – RRSP deadline for 2022 deduction to count

February 28, 2023  – T5 filings due

February 28, 2023  – Fiscal year end November 30th tax payments due

February 28, 2023  – Fiscal Year end August 31st tax filings due

December 31, 2023 – CEBA loan repayment due or you will not receive loan forgiveness and will have to start paying interest. 


February is a great time to update your personal tax plan. If you require assistance, contact our office. 



Section 85 Rollover

Remuneration Planning


Sincerely,

Nizam Shajani & Shafiq Shajani


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