Maroof HS CPA Professional Corporation, Toronto

Online individual income tax return filing in Toronto
COVID-19

How to Stay Safe this Tax Season

Tax season is in full swing! Millions of Canadians and Residents are looking to file their taxes. Traditionally, taxpayers with simple tax situations tend to visit drop-off locations of various tax service providers. With Covid-19,

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Personal Income Tax Return checklist 2020
Individual Tax - Canada

2020 Individual Income Tax Return Checklist

2020 Tax season just started. Individual income tax and benefits returns are now open for e-filing. A checklist is compiled to help you preparing all the documents for your tax appointment. Please do not forget

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When to include forgivable portion of ceba loan
Corporate Tax - Canada

Forgivable Portion of CEBA and Income Inclusion

Many businesses in Canada have taken advantage of Canada Emergency Business Account (CEBA). The initial program offered $40,000 with 1/4 i.e. $10,000 is forgivable if certain conditions are met. Later on, the program expanded and

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How to save taxes on selling and flipping properties in Canada?
Corporate Tax - Canada

Flipping Houses – Business Income Vs Capital Gains

Property flipping is an increasingly common practice to buy a property and then reselling it for a quick profit. Property flipping also includes assignment sales a.k.a. shadow flipping. Shadow flipping is the sale of a property

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