Introduction Hi, My name is Allan Madan from Madan Chartered Accountant. I am a Chartered Accountant based in Mississauga Ontario and serve clients in Canada and all over the world. I will explain how a corporation that owns a rental property is taxed and the concept of Refundable Dividend Tax On Hand. What is a CCPC? Let’s take the example of Rick, the real estate king of Ontario. Rick incorporated a company in Ontario to purchase a rental property. The rental property generates an annual profit (after expenditures) of $10,000. Given that Rick is a Canadian resident, his company is classifie ..read more

Ava Benesocky and August Biniaz the principals of CPI Capital noticed the need retail investors have in learning about alternative investments. The post Real Estate Taxes With Allan Madan appeared first on Madan CA ..read more

This video is about the Canada Emergency Response Benefit. I hope that you and your family are safe during this difficult time. I will be releasing a series of videos to help you receive financial aid from the Government of Canada due to COVID-19. What is the Canada Emergency Response Benefit The Canada Emergency Response Benefit is an income subsidy of $2,000 per month for Canadians who have stopped working or are staying at home due to COVID-19. The benefit will be paid each month for a 4 month period, starting mid-March 2020. Eligibility Criteria First, you must determine your eligibility ..read more

I am releasing a series of videos to help you receive financial help from the Government of Canada due to COVID-19. Most importantly, I hope that you and your family are safe during this difficult time.This video is about the Canada Emergency Small Business Loan. The Government of Canada is providing loans to small businesses in Canada of up to $40,000 due to COVID-19. Eligibility Small businesses in Canada with an annual payroll in 2019 between $50,000 and $1,000,000 are eligible for the Canada Emergency Small Business Loan. Loan Terms The loan amount is a maximum of $40,000 Interest free ..read more

I am releasing a series of videos to help you receive financial help from the Government of Canada due to COVID-19. Most importantly, I hope that you and your family are safe during this difficult time. This video is about the Canada Emergency Wage Subsidy for Canadian Employers. Wage Subsidy The Government of Canada is providing a wage subsidy to Canadian employers of up to 75% on the first $58,700 of an employee’s wages. This equates to a maximum wage subsidy of $847 per week per employee. Let’s look at an example. Kartik Welding Inc. is an Ontario corporation with 4 employees, including th ..read more

Thank you, everyone, for joining today’s webinar regarding year-end tax planning tips for Canadian business owners. My name is Allan Madan. For those of you who don’t know me, I am a chartered accountant and CPA, practicing in the greater Toronto area. So let’s please start and thanks again for your attendance, I really appreciate it. In today’s webinar, we’re going to cover the following topics: Declaring a Bonus at Year-End Writing-off Assets Income Spitting with Dividends RRSP Strategy Tax-loss Selling Let’s start with the bonus strategy and I think it’s best explained by an example. Let ..read more

Welcome to today’s webinar. My name is Rohan Badkar and in today’s webinar I will be covering foreign reporting forms U.S. FBAR and Form 8938. In today’s webinar, we will discuss: – What is Form 8938 (FATCA) – What is Foreign Bank Account Reporting (FBAR) – Difference between FBAR and Form 8938 – Reportable Foreign Assets – Examples – Take Away Information Let’s get started, what is form 8939. FATCA, also known as form 8938 is a tax law that compels U.S. citizens at home and abroad to file annual reports on any foreign account holdings. The purpose of FATCA is to prevent US persons from using ..read more

This webinar will provide you with an insight into what you need to know about foreign tax credits for Canadians. The following subjects will be discussed: What is Foreign Tax Credit (FTC) Conceptual Approach Definition of Foreign Tax Credit Calculation Formula Example Creditable Foreign Taxes in Canada Take Away Tip Introduction Good afternoon taxpayers. My name is Akhil Jha and I have over five years of experience in cross-border taxation I will be driving this presentation today.  Thank you for joining our webinar, by joining you did the right thing – showing interest that you care ..read more

This webinar will provide you with an insight into the collection of sales tax and its potential implications. The following subjects will be discussed: The Basics of U.S. Sales Tax Does Your Business Need to Collect U.S. Sales Tax? What States Do/Don’t Impose Sales Tax? When Do International Sellers Need to Collect U.S. Sales Tax? How to Get Sales Tax Compliant? Can I Avoid Penalties for Failure to Register & Collect Sales Tax Through a Voluntary Disclosure? Introduction We’ll start the webinar; first I’ll introduce myself. My name is Aborwanil Roy and I have been working with Madan Ch ..read more

This webinar will focus on the proposed changes to small business taxation by the Liberal Government and how they will impact you. The following subjects will be discussed: New income splitting rules for corporations Lifetime Capital Gains Exemption New CCA rates for 2019 – accelerated write-offs New Investment Income Rules and Small Business Deduction Specified Corporate Income – how it impacts you Changes to Refundable Dividend Tax on Hand (RDTOH) Increase in Payroll Taxes New Corporate Tax Rates by Province   The post Webinar: Tax Changes for 2019 Small Business Corporatio ..read more