How to shut down a business in Canada
Declaring bankruptcy is not the only way to shut down your business. Learn more about closing down a business in Canada in this video. If you prefer reading, you can…
Real estate investing and taxes
Are you thinking of real estate investing? Is it better to buy a property as an individual or do it through a corporation? Learn more about real estate investing and…
Tax deductions for charitable donations
Do you have a favorite charity or cause that you support or planning on to? In Canada, you can receive as much as 53% back through charity tax deductions. Wondering…
Mid-Year Tax & Business Review
We've just passed the mid-year mark which makes it the perfect time to review where we are in terms of our budget, taxes, and business in general. You may be…
CRA is not always right
Canada Revenue Agency (CRA) is the revenue service of the Government of Canada and is perceived as an ultimate authority. That doesn't mean that they are always right though.If you…
Post-Covid economy, inflation and business
Watch this video with Irfanali's perspective on the post-Covid economy, the dangers of inflation, its impact on business, and changes coming up in the accounting industry. If you prefer reading,…
U.S. taxation in Canada
Another topic that comes up often in conversation with our clients is the U.S. taxation. Watch the video with a couple of Irfanali's recommendations or if you prefer reading, follow…
Why Is Accounting Actually a Backbone of Your Business?
Christan Hiscock from Kardia Financial Group and Irfanali Moledina from RMI Professional Corporation got together to talk about why is accounting so important in business, about entrepreneurship, proper tracking of…
Are CERB and CRB benefits taxable?
The personal income tax deadline in Canada is fast approaching and we would like to share some information about CERB and CRB benefits for individuals and on CEBA support for…
How to save money on taxes in Canada
With the tax season fully on we have asked our own Irfanali Moledina, the Managing Partner of RMI Professional Corporation, to share some tips on how to save money on…
8 Tax Saving Tips for Small Business Owners
There are a variety of methods that small business owners can explore to improve their tax situation out there. Running your own business is a lot of work as it…
Who Should be Filing U.S. Tax Returns?
Ever wondered if you should be filing U.S. Tax Return? What actually qualifies you to file your taxes in the USA? Is it the income? The residency? Or the citizenship? …