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Author: Manu Shandal

Ask an Accountant: The Real Impact of the 2024 Capital Gains Tax

The capital gains tax increase has left a lot of Canadians concerned about the impact it will have on their bottom line – for good reason. Disclaimer… blogs are supposed to be neutral, and the writer should focus on the facts and nothing but the facts.  I need to get something off my chest so […]

Immediate Funding Arrangements (IFA)

As wealth accumulates within a CCPC, Immediate Funding Arrangements provide a game-changing solution for accessing large sums of cash in corporate accounts without incurring significant tax liabilities. The origin of the saying is unknown, but I am sure when gold coins were going out style and tendered currency was becoming the rage some aristocrat’s accountant […]

Best Practices to Minimize Tax Liabilities for Corporations in Ontario

For corporations, even a small change can mean big things at tax time. Here are our best tips on how to minimize your tax liabilities. Navigating the Canadian tax landscape can be a complex endeavor for corporations, with various rules and regulations shaping how businesses manage their financial obligations. At Shandal CPA, we understand the […]

Tax Planning for Self-Employed Businesses in Ontario

Discover key tax planning tips for self-employed businesses in Ontario to maximize deductions and streamline financial management. As self-employed individuals in Ontario, navigating the complexities of the Canadian tax system can often seem daunting. However, effective tax planning is crucial for not only ensuring compliance but also for maximizing potential deductions and optimizing your financial […]

Ask an Accountant: Navigating a CRA Audit with Confidence

Once you’ve been selected for a dreaded CRA audit, here’s a summary of how it will unfold, along with some tips and best practice advice. Facing an audit by the Canada Revenue Agency (CRA) can be an intimidating experience for both individuals and businesses. However, with the right knowledge and preparation, you can navigate this […]

Tax Planning for Small Businesses in Ontario

Explore effective tax planning strategies tailored for small businesses in Ontario to optimize tax savings and financial health. Navigating the complexities of the Canadian tax system can be a daunting task for many business owners and entrepreneurs. Effective tax planning is crucial for small businesses to optimize their tax savings and ensure financial health. In […]

The Importance of Financial Planning for a Secure Future.

The Importance of Financial Planning for a Secure Future Financial planning is not merely a buzzword but a crucial aspect of life that influences our financial well-being and ultimately shapes our future. Whether you are an individual striving for a comfortable retirement or a business aiming for sustainable growth, financial planning is the foundation upon […]

The Power of Financial Accounting: Insights for Business Success

The Power of Financial Accounting: Insights for Business Success Financial accounting isn’t just about crunching numbers; it’s a powerful tool that can provide invaluable insights into your business. It offers a comprehensive view of your financial health, enabling you to make informed decisions, streamline operations, and drive business success. In this blog post, we’ll delve […]

Effective Cashflow Management: A Key to Business Sustainability

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