In addition to Jeffrey Miller’s recognition as one of Ontario’s newest CPA Fellows (FCPA), he was recently awarded the Gilbert Greenberg Distinguished Leadership Award. We are extremely proud of Jeffrey’s accomplishments, and honoured to have him as a Partner at our firm.
The Doctor’s Financial Lifecycle Part 2: Transitioning to Medical Practice – from Salaried to Self-Employed
Becoming a doctor is no easy feat; but, we can tell you a few things about the business side of your practice and help get you on the road to financial security. We can help you navigate the tax issues that distinguish the salaried resident from the self-employed physician.
We know that anyone embarking on a career as a self-employed physician has lots to think about. Even though retirement is light years away, putting the right plans in place will help you achieve your financial goals and make a huge difference to your lifestyle during your working years.
Following its release yesterday afternoon, there’s no doubt that the hot topic at the water cooler today will be on the 2017 Ontario Budget. We have provided some highlights you need to know to keep up your end of the conversation.
While being self-employed often means having the freedom to do things your own way, tax season can feel like a punishment to the side hustler. Things aren’t so simple for small business owners and freelancers.
The Federal Budget released on March 22, 2017 proposes changes to the tax treatment of “Work In Progress for Professionals.” These changes could have a significant impact on tax bills for professionals (which specifically include Accountants, Chiropractors, Dentists, Lawyers, Medical Doctors, and Veterinarians).
2016 – 2017 tax rates on corporate income, RRSP limits, prescribed interest rates, automobile amounts, personal tax brackets for salary and dividends, TFSA, CPP and EI limits, pension splitting with spouses, Workplace Safety & Insurance Board (WSIB), and clawback of Old Age Security.
Yesterday, the Liberal government released its 2017 Federal Budget. GGFL has selected the following changes to the budget that will impact taxpayers.
The last thing you want, when you incorporate your business, is for Canada Revenue Agency (CRA) to label you a personal services business (PSB). If CRA determines an incorporated individual working as a contractor is really just an employee of the company they are working for, they would be deemed a PSB; a designation that comes at a great cost to the individual.
Beware of phone calls, mail, emails and text messages claiming to be from the Canada Revenue Agency (CRA). Please immediately disregard and delete any emails you receive from CRA that contain links or seem suspicious in any way.