FAQ

Have Questions?
For personal tax returns the CRA pays close attention to medical expenses, charitable donations, foreign taxes paid and eligible tuition fees. For businesses, the CRA may ask for support for vehicle related expenses, professional fees and GST filings. This is not an exhaustive list, but please reach out if you'd like support in navigating inquiries from the CRA.
Taking a salary from your business would reduce the taxable income in your corporation and would be taxed by you personally at your personal tax rate. Dividends are not considered deductions for tax purposes under your corporation but can be more favourable when received in the hands of the recipient. Of course, as with many things accounting & tax, one size does not fit all. Reach out to us so we can evaluate your situation to provide you the best advice.
Ah! The most common question from all business owners. The answer is dependent on a multitude of factors such as how much does your business earn, maturity of your business, your risk tolerance and much more. To guide you in the best direction we would evaluate your current situation and put forth our recommendation.
Our bookkeeping services are at capacity and we are not currently accepting new clients.
Being based in Edmonton allows us to arrange in-person meetings within the city.
Our consulting services provide invaluable insights for enhancing decision-making within your business. We specialize in financial modeling, forecasting, and budget development, offering you the tools needed for strategic planning. While numbers are crucial, we recognize that decision-making often involves more than just quantitative factors. With Omar's experience as a business leader, we understand the broader context and nuances that influence your decisions.