Expenses

Tax deductions play a crucial role in reducing the taxable income of small businesses in Toronto, allowing them to retain more of their hard-earned profits. Understanding and maximizing available deductions can significantly impact the financial health of small businesses. In this blog post, we’ll explore the importance of tax deductions for...

Investing in real estate in Toronto offers lucrative opportunities for individuals seeking to build wealth and diversify their investment portfolios. However, navigating the tax implications of real estate investment requires careful planning and strategic decision-making. In this blog post, we’ll explore tax planning strategies tailored...

What is a Management Fee? The Management Fee Expense The payment of management fees for services rendered is an issue commonly under scrutiny by the Canada Revenue Agency (“CRA”). This is because a management fee can represent multiple services and the amount can be deducted from taxable income, leading to...