Maroof Hussain Sabriel, Author at Maroof HS CPA Professional Corporation, Toronto

How to prepare and file form T1134 with CRA - A complete guide for beginners

Corporate Tax - Canada

T1134: Foreign affiliate Information Return

T1134 has changed for the tax years starting Jan 1, 2021 with additional reporting and disclosure requirements.

February 20, 2022 No Comments

Cross border U.S. taxes for Canadian corporations of U.S. citizens in Canada.

U.S. Income Tax

U.S. Citizens and Residents with U.S. Amazon Stores

Question: Do Canadian Corps using U.S. Amazon FBA services need to pay branch profit taxes and file 5472.

February 19, 2022 1 Comment

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

December 30, 2021 4 Comments

Deadline extension for cross border individual income tax returns for US

Corporate Tax - Canada

Lifetime Capital Gains Exemption in Canada

What is life time capital gain exemption? Common purification and crystallization strategies.

November 26, 2021 1 Comment

How to take money out of corporation without paying taxes in Canada

Corporate Tax - Canada

How to extract Surplus cash from Corporation without paying taxes?

Corporate reorganization technique that may allow you to take cash out of corporation without paying income taxes in Canada.

October 16, 2021 No Comments

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

August 29, 2021 2 Comments

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

July 14, 2021 No Comments