Claiming children on taxes
Have you been separated or divorced with multiple children and aren't sure how to claim them on your taxes? Watch this video to find out.As usual, if you prefer reading,…
Crypto Tax in Canada
Are you into crypto? Did you invest in cryptocurrencies or are trading crypto? And have you thought about crypto tax? Check out this video to find out what tax consequences…
RRSPs and Taxes
We are entering the busiest season of the year for accountants as we move deeper into 2022. RRSP deadline is approaching fast and many people ask how much to contribute…
Taxable benefits for employees
There are various types of benefits that an employer can provide to their employees. Depending on the nature of the benefit, it will either be taxable or non-taxable to the…
E-commerce accounting
Are you selling online? Whether you're trying to set up an e-commerce business on your own platform or you're using an existing outlet such as Amazon or Walmart, you will…
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…
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
U.S. taxation is a common topic that comes up often in conversation with our clients.Watch the video with a couple of Irfanali's recommendations or if you prefer reading, follow the…
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…