by Tip Mallick | Oct 8, 2023 | Other Articles
There are many benefits of incorporating your business and the most important ones include asset protection through limited liability, corporate identity creation, perpetual life of the company, transferability of ownership, an ability to build credit and raise...
by Tip Mallick | Jan 18, 2021 | Other Articles
While self-employment provides autonomy in your life, there are certain tax benefits that come from operating a business. As a business owner, you are eligible to deduct certain expenses incurred for the purpose of earning income. Working from home: Home-office...
by Tip Mallick | Feb 15, 2020 | Other Articles
If you live in the US, here are a few things to consider before December 31st. Certain expenses such as professional membership fees, tuition fees, investment expenses, political contributions, and charitable donations may be payable in January. Consider paying them...
by Tip Mallick | Nov 21, 2021 | Other Articles
We presented a financial literacy session on “Effective Tax Strategies” at WISE Trust. The session was attended by over 100 participants. Key discussion points included income splitting, investments, RRSP and TFSA, and strategies to maximize deductions and...
by Tip Mallick | Jan 30, 2021 | Other Articles
The exact definition or classification of gig work has not been codified by legislation. However, if you work with service platforms such as Uber, Doordash, are an independent contractor, have a side hustle, or are an amazon seller, and/or self-employed you may be a...
by Tip Mallick | Jan 9, 2021 | Other Articles
For those filing tax-returns in Canada, here are a few year-end things to consider before December 31st. If you received the CERB you will need to set aside cash when the time comes to pay taxes. Those who received Canada Recovery Benefit should also be prepared to...
