As a self employed individual, setting aside money for taxes and contributing to the Canada Pension Plan (CPP) becomes your responsibility. Self-employed individuals are considered their own employer and the employee, so you also have to contribute to CPP at double the rate. It is up to you to track business and personal expenses, [...]
It's the end of the year already which means the last opportunity for year end tax planning for parents, spouses, and caregivers. Raising a family and providing for a household can be expensive, but there are also many benefits and deductions available to lower the tax you owe once it is tax season. As [...]
Tax can often be confusing for new business owners with GST Cheat Sheet. Take the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) for example – not everyone is required to charge it, and in some provinces it is combined with the retail tax into the HST. GST Cheat Sheet is a [...]
Understand the risk of being audited and how to minimize it with expert advice from Soleimani CPA. Learn key strategies to reduce your chances of an IRS audit. Any individual and business owner dreads the idea of receiving a letter from the Canada Revenue Agency (CRA) about being audited. While there is no guarantee you'll [...]
Attending post-secondary is a large investment for many students. Although it can be quite expensive to attend, students enroll out of hopes that the fields they get into will eventually pay for any debt they may accumulate and fund their dream lifestyle. Those with post-secondary degrees tend to see more income and higher salaries [...]
Discover the top 5 financial mistakes to avoid with Soleimani CPA. Learn expert tips to secure your financial future and maximize savings. Small businesses are on the rise as more people opt to work and create financial stability, for themselves. Owning a small business can be a big challenge. According to Innovation, Science and [...]
Secure your business growth with an expert Government Funding Proposal by Soleimani CPA. Professional support to access grants, loans, and incentives seamlessly. In our first blog about accessing Canadian Government Funding for your business, we talked about the specifics of grants and loans, how they work, and which one might be right for you. [...]
Lease or Buy a Car: After becoming a licensed driver, the dream for many is to own their own car, their dream car. In an ideal world, we’d buy it with cash, but purchasing a car outright is not feasible for everyone, even for those who can afford it. If you are planning on [...]
