Maroof HS CPA Professional Corporation, Toronto

Author: Maroof Hussain Sabriel

Maroof Hussain Sabriel

Truth behind 2025 middle-class tax cut in Canada.
Individual Tax - Canada

Canada’s 2025 “Middle-Class’ Tax Cut

The headline measure is straightforward: the Government of Canada announced a reduction in the lowest federal marginal personal income tax rate from 15% to 14%, effective July 1, 2025. What changed for 2025 returns –

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Voluntary disclosure program in Canada (VDP)
Corporate Tax - Canada

CRA Voluntary Disclosure Program (updated)

Voluntary Disclosure Program in Canada The Voluntary Disclosures Program (VDP), administered by the Canada Revenue Agency (CRA), is one of the most important compliance tools in Canada’s tax system. VDP gives taxpayers a structured pathway

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Hoe to deal with the foreign tax credit reviews by the CRA.
Individual Tax - Canada

CRA Reviews of Foreign tax Credits

Foreign Tax Credits are almost always reviewed by the Canada Revenue Agency (CRA), at least for individual taxpayers. Interestingly, based on our experience, this is often the most easily mistaken area for the DIY tax

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Income taxes for short-term rentals in Canada
Individual Tax - Canada

Short Term Rentals in Canada

Tax Question Asked by: Andrea J. Marie I have a condo that I use as an AirBNB in Toronto. I am recently told that I cannot claim any tax deductions against the rental income that

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Toronto CPA to file bare trust return
Individual Tax - Canada

Bare Trust Reporting in Canada

Question asked by Sumit Khanna My son owns a house where he lives. He was having a hard time getting a mortgage. I decided to be on the title of the property to help him

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