Maroof HS CPA Professional Corporation, Toronto

Author: Maroof Hussain Sabri

Incorporation for IT Contractors
Corporate Tax - Canada

IT Contractors – Employee Vs Incorporation

Question: I Am An IT Professional. I Just Received An Offer From My Employer. My Employer Wants Me To Incorporate And They Have Agreed To Offer A Better Hourly Rate. I Am Confused Should I Set Up A Corporation Or Become An Employee?

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do i need to pay inheritance tax in Canada
Individual Tax - Canada

Tax on Inheritance in Canada

Question: My mother passed away in India last month. I am receiving my share of the family house. The home is located in India. I am a resident of Canada. Do I need to pay taxes in Canada when this property is transferred to me?

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income taxes in Canada for Ukrainians moving to Canada
Individual Tax - Canada

Income Tax Issues for Ukrainians moving to Canada

Canada is going the extra mile to support the Ukrainians affected by the Russian Invasion. With every passing day number of applications for temporary residence is growing. Many of the Ukrainians are already in Canada

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how to record rental income from associated corporation in Canada
Financial Statements

CSRS 4200 Compilation Engagements

Compilation of Financial Statements The Auditing and Assurance Board issued a new standard, ‘CSRS 4200 Compilation Engagements’ for the first time in almost 30 years! CSRS 4200 replaced Notice to reader report under Section 9200

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How to get refund of taxes from IRS from Canada on the sale of U.S. property
Individual Tax - Canada

Canadian Taxpayers Selling U.S. Property

Many of Canadian taxpayers maintain a second home, a vacation property, or hold a U.S. real property interest for investment purposes. In 2020 and 2021, there is an upward trend of dispositions of U.S. real

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income taxes for professional Corporations in Canada
Corporate Tax - Canada

Professional Corporations & Income Taxes

Many professionals can now incorporate their practices as professional corporations as per the provincial legislation. Professional Corporations are now becoming a very common structure since the majority of provinces have relevant professional regulations. Professional Corporations

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