# Prasad & Company LLP ## Pages - [Professional Accounting Firm in Toronto | Prasad & Company LLP](https://www.prasadcpa.com/):Prasad & Company LLP has been providing professional accounting and business planning services for 35 years. Contact us today! - [Our Team | Prasad & Company LLP](https://www.prasadcpa.com/our-team/):Meet our team of professionals at Prasad & Company LLP. With more than 35 years of experience, our firm has always been providing top-notch service for our clients. - [Knowledge Base | Prasad & Company LLP](https://www.prasadcpa.com/blog/):Blog by Prasad & Company LLP - news, articles, tips, guides and real cases. - [Our Services](https://www.prasadcpa.com/our-services/): - [About Us | Prasad & Company LLP](https://www.prasadcpa.com/about/):As experienced advisors, we have grown a great reputation for providing quality and reliable solutions and services for our clients. Read more about us! - [Careers | Prasad & Company LLP](https://www.prasadcpa.com/careers/):Check our career opportunities here and send the application today: Corporate Accountant, Intermediate Staff Accountant etc. - [Alliott Global Alliance | Prasad & Company LLP](https://www.prasadcpa.com/alliott/):Prasad & Company LLP is a proud member of Alliott Global Alliance. Read more about this organization here. - [Insights | Prasad & Company LLP](https://www.prasadcpa.com/insights/):Check out our insights. Here, you will find some of our latest financial publications that provide you with tax information, financial news and more. - [Contact Us | Prasad & Company LLP](https://www.prasadcpa.com/contact-us/):Contact Prasad & Company LLP by phone, email or online form. We are here to help you. - [Testimonials | Prasad & Company LLP](https://www.prasadcpa.com/testimonials/):Check our testimonials here. - [Payment Options | Prasad & Company LLP](https://www.prasadcpa.com/payments/):Check our payment options here. - [FAQ | Prasad & Company LLP](https://www.prasadcpa.com/faq/):Check our list of Frequently asked questions here. If you have more questions, please contact us. - [COVID-19 Resources | Prasad Resources](https://www.prasadcpa.com/resources/):Check out COVID-19 Resources from Prasad & Company LLP. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Privacy Policy | Prasad & Company LLP](https://www.prasadcpa.com/privacy-policy/):Check our privacy policy here. - [Corporate Accounting in Vancouver | Prasad & Company LLP](https://www.prasadcpa.com/corporate-accounting-vancouver/):Prasad & Company LLP is a full-service accounting firm with over 35 years of experience providing corporate accounting services to businesses in Canada. Headquartered in Thornhill, Ontario, we also have an office in Vancouver, B.C. Contact us today for a consultation! ## Services - [CPA Review Engagement | Prasad & Company LLP](https://www.prasadcpa.com/our-services/assurance-and-advisory/):Looking for CPA review engagement service in Toronto and Vancouver? Contact us and we will walk you through review engagement procedures and help your business today. - [Business Tax Planning Services in Toronto | Prasad & Company LLP](https://www.prasadcpa.com/our-services/tax-planning/):Tax planning for companies in Toronto and Vancouver from Prasad & Company LLP. We provide the best tax efficient financial planning services since 1985. - [Corporate Finance Accounting & Consulting | Prasad & Company LLP](https://www.prasadcpa.com/our-services/business-advisory/):If you are looking for the best corporate finance consulting firm in Toronto and Vancouver, Prasad & Company LLP is your choice! We`ve been proving corporate finance and accounting services for 35 years! - [Estate and Business Succession Planning | Prasad & Company LLP](https://www.prasadcpa.com/our-services/business-succession-planning/):At Prasad & Company LLP we provide the best solution for estate and business succession planning. Contact us at (416) 226-9840! - [CTO Advisory Services | Prasad & Company LLP](https://www.prasadcpa.com/our-services/cto-service/):Prasad & Company LLP offers c-level technology advisory services to help your business succeed. Our team has the expertise and experience to provide you with the guidance you need to make sound decisions about your company's future. Contact us today for more information! - [Cross Border Tax Accountant Toronto | Prasad & Company LLP](https://www.prasadcpa.com/our-services/cross-border-tax-services/):Top-rated cross border tax planning services from Prasad & Company LLP in Toronto and Vancouver. Contact the USA and Canada cross border tax specialists today! - [Voluntary Disclosure Program | Prasad & Company LLP](https://www.prasadcpa.com/our-services/voluntary-disclosure-program/):What is the voluntary disclosure program CRA? What are the criterias? Read more here or contact our specialists today to discuss your particular case. ## Our Team - [Our Team - Pramen Prasad | Prasad & Company LLP](https://www.prasadcpa.com/our-team/pramen-prasad/):Meet Pramen Prasad! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Ajen Prasad | Prasad & Company LLP](https://www.prasadcpa.com/our-team/ajen-prasad/):Meet Ajen Prasad! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Peyman Khayati | Prasad & Company LLP](https://www.prasadcpa.com/our-team/peyman-khayati/):Meet Peyman Khayati! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Jeremy Horne | Prasad & Company LLP](https://www.prasadcpa.com/our-team/jeremy-horne/):Meet Jeremy Horne! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Taimur Samad | Prasad & Company LLP](https://www.prasadcpa.com/our-team/taimur-samad/):Meet Taimur Samad! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Troy Bartley | Prasad & Company LLP](https://www.prasadcpa.com/our-team/troy-bartley/):Meet Troy Bartley! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Amelia Boodhoo | Prasad & Company LLP](https://www.prasadcpa.com/our-team/amelia-boodhoo/):Meet Amelia Boodhoo! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Maninder Rai | Prasad & Company LLP](https://www.prasadcpa.com/our-team/maninder-rai/):Meet Maninder Rai! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Karen Shea | Prasad & Company LLP](https://www.prasadcpa.com/our-team/karen-shea/):Meet Karen Shea! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - S. Roger Singh | Prasad & Company LLP](https://www.prasadcpa.com/our-team/s-roger-singh/):Meet S. Roger Singh! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Gonçalo Freitas | Prasad & Company LLP](https://www.prasadcpa.com/our-team/gon%C3%A7alo-freitas/):Meet Gonçalo Freitas! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Jaskaran Pabla | Prasad & Company LLP](https://www.prasadcpa.com/our-team/jaskaran-pabla/):Meet Jaskaran Pabla! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Jaskirat Singh | Prasad & Company LLP](https://www.prasadcpa.com/our-team/jaskirat-singh/):Meet Jaskirat Singh! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Rose Scriver | Prasad & Company LLP](https://www.prasadcpa.com/our-team/rose-scriver/):Meet Rose Scriver! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Trish Orlando | Prasad & Company LLP](https://www.prasadcpa.com/our-team/trish-orlando/):Meet Trish Orlando! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Jamie Galapon | Prasad & Company LLP](https://www.prasadcpa.com/our-team/jamie-galapon/):Meet Jamie Galapon! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Neiva Prasad | Prasad & Company LLP](https://www.prasadcpa.com/our-team/neiva-prasad/):Meet Neiva Prasad! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Linda Canali | Prasad & Company LLP](https://www.prasadcpa.com/our-team/linda-canali/):Meet Linda Canali! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Ryan Zhong| Prasad & Company LLP](https://www.prasadcpa.com/our-team/ryan-zhong/):Meet Ryan Zhong! Read more about his experience, specializations, cases etc. Contact Prasad & Company LLP so we can start helping your business today! - [Our Team - Andrew Vert](https://www.prasadcpa.com/our-team/andrew-vert/): - [Ray Li](https://www.prasadcpa.com/our-team/ray-li/): - [Aleksandr Reutov](https://www.prasadcpa.com/our-team/aleksandr-reutov/): - [Kathiravelu “Suri” Suriyakumaran](https://www.prasadcpa.com/our-team/kathiravelu-suri-suriyakumaran/): - [Suzie Li](https://www.prasadcpa.com/our-team/suzie-li/): - [Sherry Cui](https://www.prasadcpa.com/our-team/sherry-cui/): - [Anjana Patel](https://www.prasadcpa.com/our-team/anjana-patel/): - [Oliver Wang](https://www.prasadcpa.com/our-team/oliver-wang/): - [Ivan Shkoliarenko](https://www.prasadcpa.com/our-team/ivan/): - [Amritpal Rishi](https://www.prasadcpa.com/our-team/amritpal/): - [Anna Stepanenko](https://www.prasadcpa.com/our-team/anna/): - [Jessica Sankar](https://www.prasadcpa.com/our-team/jessica-/): - [Dario Luis Olivera](https://www.prasadcpa.com/our-team/dario/): - [Justin Xie](https://www.prasadcpa.com/our-team/justin-/): - [Hugh Le](https://www.prasadcpa.com/our-team/hugh-le/): - [Gulnara Gareeva](https://www.prasadcpa.com/our-team/gulnara-gareeva/): - [Yaroslava Kapustyan](https://www.prasadcpa.com/our-team/yaroslava-kapustyan/): - [Stella Walter](https://www.prasadcpa.com/our-team/stella-walter/): - [Nastaran Abbasi](https://www.prasadcpa.com/our-team/nastaran-abbasi/): - [Kate Savitski](https://www.prasadcpa.com/our-team/kate-savitski/): - [Alessia Di Pietro](https://www.prasadcpa.com/our-team/alessia-di-pietro/): - [Vincent Wang](https://www.prasadcpa.com/our-team/vincent-wang/): ## Blog Posts - [Mortgage 101 and Current Reality with COVID-19 | Prasad Knowledge Base](https://www.prasadcpa.com/blog/mortgage-101-and-current-reality-covid-19-zoe-ling/):Learn more about mortgage during COVID-19. News, articles, tips, guides and real cases every week on Prasad`s blog. - [RRSP or a TFSA | Prasad Knowledge Base](https://www.prasadcpa.com/blog/should-i-use-rrsp-or-tfsa/):Learn more about RRSP and TFSA. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Ontario Together Fund: What Your Business Needs to Know | Prasad Knowledge Base](https://www.prasadcpa.com/blog/ontario-together-fund-what-your-business-needs-know/):Learn more about Ontario Together Fund. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Canada Emergency Business Account Program | Prasad Knowledge Base](https://www.prasadcpa.com/blog/canada-emergency-business-account-program/):Learn more about Canada emergency business account program. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Canada Emergency Commercial Rent Assistance Program | Prasad Knowledge Base](https://www.prasadcpa.com/blog/canada-emergency-commercial-rent-assistance-program/):Learn more about Canada emergency commercial rent assistance program. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Business Resources Website Amidst COVID-19 | Prasad Knowledge Base](https://www.prasadcpa.com/blog/ontario-government-launches-business-resources-website-amidst-covid-19/):Learn more about business resources website amidst COVID-19. News, articles, tips, guides and real cases every week on Prasad`s blog. - [How the CRA Addresses Non-compliance in the Real Estate Sector | Prasad Knowledge Base](https://www.prasadcpa.com/blog/home-flipping-how-cra-addresses-non-compliance-real-estate-sector/):Learn more about non-compliance in the real estate sector. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Tax on Split Income (TOSI) | Prasad Knowledge Base](https://www.prasadcpa.com/blog/tosi/):Learn more about Tax on Split Income. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Web Health Portal from Canadian Government | Prasad Knowledge Base](https://www.prasadcpa.com/blog/canadian-government-creates-web-portal-to-support-mental-health-week/):Learn more about web portal from Canadian Government creates to support Mental Health Week. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Canadian Personal Tax Return Deadlines | Prasad Knowledge Base](https://www.prasadcpa.com/blog/canadian-personal-tax-return-deadlines/):Learn more about canadian personal tax return deadlines. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Meet Roger Singh | Prasad Knowledge Base](https://www.prasadcpa.com/blog/team-feature-roger-singh/):Meet Roger Singh at Prasad & Company LLP. News, articles, tips, guides and real cases every week on Prasad`s blog. - [T3 Tax Returns | Prasad Knowledge Base](https://www.prasadcpa.com/blog/everything-you-need-to-know-t3-tax-returns/):Learn more about T3 tax returns in Canada. News, articles, tips, guides and real cases every week on Prasad`s blog. - [​Tax Incentives For Small-Medium Business | Prasad Knowledge Base](https://www.prasadcpa.com/blog/tax-incentives-your-small-medium-business-could-be-missing-out/):Learn more about ​tax incentives for small-medium business. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Tax Deductions You'll Want to Know About | Prasad Knowledge Base](https://www.prasadcpa.com/blog/own-rental-properties-tax-deductions-youll-want-know-about/):Learn more about tax deductions for rental properties. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Pros and Cons of Corporate-owned Real Estate | Prasad Knowledge Base](https://www.prasadcpa.com/blog/pros-and-cons-corporate-owned-real-estate/):Learn more about ​pros and cons of corporate-owned real estate. News, articles, tips, guides and real cases every week on Prasad`s blog. - [​How Having a CPA Can Help | Prasad Knowledge Base](https://www.prasadcpa.com/blog/how-having-cpa-can-help-increase-value-your-business/):Learn more about ​how having a CPA can help increase the value of your business. News, articles, tips, guides and real cases every week on Prasad`s blog. - [​Succession Planning for Privately-Held Corporations | Prasad Knowledge Base](https://www.prasadcpa.com/blog/succession-planning-privately-held-corporations/):Learn more about succession planning for privately-held corporations. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Meet Peyman Khayati | Prasad Knowledge Base](https://www.prasadcpa.com/blog/partner-feature-peyman-khayati/):Meet Jeremy Horne who provides strategic solutions to clients at Prasad & Company LLP. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Top Five Effective Corporate Budgeting Tips | Prasad Knowledge Base](https://www.prasadcpa.com/blog/top-five-effective-corporate-budgeting-tips-and-tricks/):Learn more about top effective corporate budgeting tips. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Introducing Jeremy Horne | Prasad Knowledge Base](https://www.prasadcpa.com/blog/partner-feature-jeremy-horne/):Meet Jeremy Horne who provides strategic solutions to clients at Prasad & Company LLP. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Introducing Roger Singh | Prasad Knowledge Base](https://www.prasadcpa.com/blog/introducing-cto-services/):Meet Roger who provides CTO Services to clients at Prasad & Company LLP. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Corporate Digitalization is a Game-Changer | Prasad Knowledge Base](https://www.prasadcpa.com/blog/corporate-digitalization-game-changer-international-tax-structures/):Learn more about why the corporate digitalization is a game-changer. News, articles, tips, guides and real cases every week on Prasad`s blog. - [​Introducing Olga! | Prasad Knowledge Base](https://www.prasadcpa.com/blog/introducing-olga/):Meet Olga - registered member of the Chartered Professional Accountant. News, articles, tips, guides and real cases every week on Prasad`s blog. - [​Leasing Versus Owning a Corporate Car | Prasad Knowledge Base](https://www.prasadcpa.com/blog/leasing-vs-owning-a-corporate-car/):Learn more about the difference between leasing and owning a corporate car. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Common Budget Mistakes Everyone Makes! | Prasad Knowledge Base](https://www.prasadcpa.com/blog/common-budget-mistakes-everyone-makes/):Learn more about common budget mistakes. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Say hello to Pramen | Prasad Knowledge Base](https://www.prasadcpa.com/blog/say-hello-pramen/):Meet Pramen - managing partner at Prasad & Company LLP. News, articles, tips, guides and real cases every week on Prasad`s blog. - [When to use a Bookkeeping Software | Prasad Knowledge Base](https://www.prasadcpa.com/blog/when-to-use-a-bookkeeping-softare-versus-an-accountant/):Learn more about the difference between bookkeeping software and accountant. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Economic Concerns and Upcoming Federal Election | Prasad Knowledge Base](https://www.prasadcpa.com/blog/economic-concerns-for-canadians-in-the-upcoming-federal-election/):Learn more about economic concerns in terms of upcoming federal election. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Services that Grow With You | Prasad Knowledge Base](https://www.prasadcpa.com/blog/services-that-grow-with-you/):What services do we provide? Business process mapping & re-design, process automation and more. - [New Ontario Labour Law Changes | Prasad Knowledge Base](https://www.prasadcpa.com/blog/new-ontario-labour-changes/):It is always important to know the new changes that have been made for the Ontario Labour laws under the Progressive Conservative Government. - [Questions to Ask Your Accountant | Prasad Knowledge Base](https://www.prasadcpa.com/blog/questions-to-ask-you-accountant/):What should you ask your accountant? Read more here! News, articles, tips, guides and real cases every week on Prasad`s blog. - [Meet Ajen Prasad | Prasad Knowledge Base](https://www.prasadcpa.com/blog/meet-ajen-prasad/):Ajen Prasad has over 20 years of accounting experience, and is a partner at Prasad & Company LLP. Read more about him - [Innovative Solutions of Prasad | Prasad Knowledge Base](https://www.prasadcpa.com/blog/solutions-to-believe-in/):Prasad & Company is based on the principle of providing top solutions that make sense for businesses that were looking for help. Check more here. - [5 Accounting Podcasts Everyone Needs To Hear | Prasad Knowledge Base](https://www.prasadcpa.com/blog/accounting-podcasts-everyone-needs-to-hear/):If you’re looking for new information in field of accounting these days, podcasts are the way to go. Check this out! - [Technology in Accounting - Trends You Need to Know | Prasad Knowledge Base](https://www.prasadcpa.com/blog/top-future-trends-for-the-accounting-industry/):Our accountants are recognizing the importance of adapting the latest technologies in order to compete in the industry. - [Questions and Answers | Prasad Knowledge Base](https://www.prasadcpa.com/blog/q-a-with-prasad-company-llp/):Check the most frequent questions and answers from Prasad & Company LLP. News, articles, tips, guides and real cases every week on Prasad`s blog. - [First-Time Home Buyers - Tax Guide | Prasad Knowledge Base](https://www.prasadcpa.com/blog/tax-tips-traps-first-time-home-buyers/):The current prices for houses have left individuals in fear that they may never be able to purchase their first home. But you always can seek for a mortgage. - [Our Business Advisory Services | Prasad Knowledge Base](https://www.prasadcpa.com/blog/value-business-advisory-services/):Learn more about our business advisory services. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Tips When Searching For A New Accountant | Prasad Knowledge Base](https://www.prasadcpa.com/blog/top-10-tips-searching-for-new-accountant/):The search for a good accountant who meets all of your needs can sometimes be hard. Check the list of tips we have prepared for you. - [Alliott Group Press Release | Prasad Knowledge Base](https://www.prasadcpa.com/blog/alliott_group_press_release/):Alliott Group and Prasad & Company LLP Form an Affiliation. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Change of Small Business Tax Rate | Prasad Knowledge Base](https://www.prasadcpa.com/blog/small_business_owner/):The federal small business tax rate was reduced to 9 percent. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Ontario Proposes New Minimum Wage Increase](https://www.prasadcpa.com/blog/minimum_wage_increase/): - [Tax Planning Using Private Corporations](https://www.prasadcpa.com/blog/tax-planning-using-private-corp/): - [Why Accountants are Important During Divorce? | Prasad Knowledge Base](https://www.prasadcpa.com/blog/accountants_a_necessary_component_during_divorce/):Going through a divorce is often a tough experience and it can have negative impact on all parties involved. - [Employee Stock Options | Prasad Knowledge Base](https://www.prasadcpa.com/blog/employee-stock-options/):Learn more about the employee stock options. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Where to get a Surety Bond ? | Prasad Knowledge Base](https://www.prasadcpa.com/blog/where-get-surety-bond/):Learn more about the surety bond and where you can get it. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Tax Rules for Canadians Abroad | Prasad Knowledge Base](https://www.prasadcpa.com/blog/tax-rules-canadians-abroad/):As more students and young adults take time out to indulge in longer-term international travel, income tax filing is probably the last thing they think about. - [New Tax Deduction for Canadians Working From Home | Prasad Knowledge Base](https://www.prasadcpa.com/blog/new-tax-deduction-for-canadians-working-from-home-by-shaan-syed/):Learn more about new tax deduction for Canadians working from home. News, articles, tips, guides and real cases every week on Prasad`s blog. - [Cash Flow Projection Benefits | Prasad Knowledge Base](https://www.prasadcpa.com/blog/why-should-you-have-cash-flow-projections/):When used the right way, the cash flow projection is one of the most critical functions of a finance team – particularly in the context of a start-up business. - [8 Tax Saving Tips in Canada | Prasad Knowledge Base](https://www.prasadcpa.com/blog/how-to-reduce-income-tax-in-canada/):Have you ever thought about how you can reduce taxes for your business? Read our new article to learn more about tax savings today! - [What is Panama Papers Scandal ? | Prasad Knowledge Base](https://www.prasadcpa.com/blog/the-panama-papers-explained/):If you know nothing about the Panama Papers, this article will help you to answer the most popular questions about it: how did the Panama Papers get leaked and more. - [What Is Financial Forecasting?](https://www.prasadcpa.com/blog/what-is-financial-forecasting/):Wondering what financial forecasting is and how it can benefit your business? This article explains everything you need to know. - [How to Do Financial Forecasting?](https://www.prasadcpa.com/blog/how-to-do-financial-forecasting/):Learn the best practices for financial forecasting so you can reap its maximum benefits. With all that you're trying to accomplish for your business, financial forecasting often gets overlooked. - [Immediate Expensing of Capital Property](https://www.prasadcpa.com/blog/immediate-expensing-of-capital-property/):To encourage businesses to invest in assets that promote productivity growth, legislation was recently passed to temporarily allow certain corporations and individuals to immediately expense up to $1.5 million of eligible capital property in each year starting in 2021. - [What is a Holding Company](https://www.prasadcpa.com/blog/what-is-a-holding-company/):Wondering what a holding company is and if it's right for your business? This guide will explain everything you need to know. - [Tax Return Deadline Canada [2023] | Prasad & Company LLP](https://www.prasadcpa.com/blog/tax-return-deadlines-in-canada/):Find out when your Canadian tax return is due and what penalties you may face if you don't submit on time. - [Toronto Vacant Home Tax – First Annual Deadline to Declare is February 2, 2023](https://www.prasadcpa.com/blog/toronto-vacant-home-tax-first-annual-deadline-to-declare-is-february-2-2023/):The City of Toronto has implemented an annual tax on vacant Toronto residences effective for the 2022 calendar year and payable beginning in 2023. - [CRA Strike & Personal Tax Return Filing Deadlines | Prasad & Company LLP](https://www.prasadcpa.com/blog/cra-strike-personal-tax-return-filing-deadlines/):Get informed about the updates associated with the CRA strike and learn more about filing your personal tax return on or before May 1, 2023. Check out this blog post from Prasad & Company LLP to discover more. - [Safe Income](https://www.prasadcpa.com/blog/safe-income/):This article will provide information on what safe income means, how it is calculated, what challenges might be present, and what influence it has on corporate structure planning. - [Extension of Repayment and Partial Loan Forgiveness Deadlines](https://www.prasadcpa.com/blog/extension-of-repayment-and-partial-loan-forgiveness-deadlines/):As of January 19, 2024, outstanding loans, including those that are captured by the refinancing extension, will convert to three-year term loans, subject to interest of five per cent per annum. - [UHT Publication Overview Q&A](https://www.prasadcpa.com/blog/uht-publication-overview-qa/):Government of Canada has enacted Underused Housing Tax Act (UHTA) for residential properties. - [Qualified Farming and Fishing Property (“QFFP”)](https://www.prasadcpa.com/blog/qualified-farming-and-fishing-property-qffp/):This article deals with the notion of QFFP or Qualified Farming and Fishing Property. - [Workings of a trust in Canada](https://www.prasadcpa.com/blog/workings-of-a-trust-in-canada/):This article will explain the fundamental workings of a trust in Canada and simplify the inherent complexities in this legal arrangement. - [How to Find Chartered Professional Accountants for Small Business in Ontario](https://www.prasadcpa.com/blog/how-to-find-chartered-professional-accountants-for-small-business-in-ontario/):Chartered Professional Accountants are valuable to businesses because they act as strategic advisors for efficient financial management. - [CRA Sent You a Tax Audit Letter. What To Do Next?](https://www.prasadcpa.com/blog/cra-sent-you-a-tax-audit-letter-what-to-do-next/):The Canada Revenue Agency (CRA) conducts regular audits to make sure that a resident or business entity is following the tax laws of the region. - [Bare Trusts and Bare Trust Exemptions](https://www.prasadcpa.com/blog/bare-trusts-and-bare-trust-exemptions/):Do you have a bare trust? If so, do you have a filing obligation? These are not easy questions to answer. - [The New Ontario Made Manufacturing Investment Tax Credit](https://www.prasadcpa.com/blog/the-new-ontario-made-manufacturing-investment-tax-credit/):The new Ontario Made Manufacturing Investment Tax Credit is a financial incentive designed to support and promote manufacturing within the province of Ontario. - [Non-Compliance with Information Requests by the CRA](https://www.prasadcpa.com/blog/non-compliance-with-information-requests-by-the-cra/):The Canadian Government is providing the CRA with additional powers to collect information from taxpayers. - [2024 Federal Fall Economic Statement Highlights](https://www.prasadcpa.com/blog/2024-federal-fall-economic-statement-highlights/):The federal government released the 2024 Fall Economic Statement on December 16, 2024. - [Commercial Lending for Mid-Sized Businesses in Canada: An Overview](https://www.prasadcpa.com/blog/commercial-lending-for-mid-sized-businesses-in-canada-an-overview/):While we'll discuss "middle market / commercial lending" specifically, it's crucial to understand the broader spectrum of financial solutions available, such as business lending and leveraging your business to access capital. - [Employee Ownership Trusts](https://www.prasadcpa.com/blog/employee-ownership-trusts/):Employee Ownership Trusts (EOTs) could be a viable option for any owner-manager looking for an exit plan. - [Artificial Intelligence and How It Helps in The Accounting Field](https://www.prasadcpa.com/blog/artificial-intelligence-and-how-it-helps-in-the-accounting-field/):In the field of accounting AI has introduced new possibilities for cost reduction, improved accuracy and minimized human error, and increased our accuracy and efficiency. - [Top 10 Tax Credits by Areas](https://www.prasadcpa.com/blog/top-10-tax-credits-by-areas/):This article dwells upon tax credits for Canadians helping them navigate the process of tax filing. - [CO-OP Students Sharing Working Experience](https://www.prasadcpa.com/blog/co-op-students-sharing-working-experience/):Students be showcasing their reflections on their experiences at the firm—from September to December. - [Why You Should Consider Rolling Your Personally-Owned Real Estate into a Corporation in Ontario](https://www.prasadcpa.com/blog/consider-rolling-personally-owned-real-estate-into-corporation/):For many real estate investors and business owners in Ontario, holding real estate personally may seem like the simplest option. - [Seizing the Opportunity: Why Now is the Perfect Time for an Estate Freeze and Trust Planning](https://www.prasadcpa.com/blog/perfect-time-for-estate-freeze-trust-planning/):In times of economic uncertainty and fluctuating real estate values, business owners and high-net-worth individuals may feel hesitant about making financial decisions. - [Protecting Wealth with a Trust: Shielding Assets from Creditors and Family Law Claims in Canada](https://www.prasadcpa.com/blog/shielding-assets-from-creditors-family-law-claims-canada/):For high-net-worth individuals and business owners in Canada, asset protection is a crucial part of wealth preservation. - [Luxury Tax Explained](https://www.prasadcpa.com/blog/luxury-tax-explained/):The article dwells upon luxury tax that you have to pay if you buy assets over specific price. - [Why You Might Want a Holding Company in Canada: Obvious and Often-Overlooked Benefits](https://www.prasadcpa.com/blog/why-you-want-holding-company-canada/):Whether you’re a shareholder in an operating company, a real estate investor, or planning your estate, it’s worth exploring how a holding company could support your financial goals. - [9 Advanced Tax Strategies for Ontario Real Estate Agents with a PREC](https://www.prasadcpa.com/blog/9-advanced-tax-strategies-for-ontario-real-estate-agents/):If you’re a successful real estate agent in Ontario, incorporating through a PREC is a smart move. - [Why Tax Planning for a Business Sale Should Start Years Before the Deal Closes](https://www.prasadcpa.com/blog/why-tax-planning-for-business-sale-must-start-earlier/):Selling a business is one of the most significant financial transactions an entrepreneur will ever undertake. - [9 Advanced Tax Strategies Every Incorporated Doctor in Ontario Should Know (But Probably Doesn’t)](https://www.prasadcpa.com/blog/9-advanced-tax-strategies-for-incorporated-doctor/):This post dives into less talked about yet highly effective tax strategies that sophisticated doctors — and their advisors — are using to optimize wealth, reduce tax, and plan for the long game. - [The Do’s and Don’ts of Real Estate Flipping in Ontario: What You Need to Know from a Tax Perspective](https://www.prasadcpa.com/blog/real-estate-flipping-ontario-tax-perspective/):Many flippers come to us after receiving CRA audit letters or facing large tax bills—often after it’s too late to fix the problem. - [Using Life Insurance as a Powerful Tax and Estate Planning Tool for Canadian Entrepreneurs](https://www.prasadcpa.com/blog/using-life-insurance-as-a-powerful-tax-and-estate-planning-tool-for-canadian-entrepreneurs/):For business owners and entrepreneurs in Canada, tax and estate planning are critical components of long-term wealth preservation and succession planning. - [Maximizing Tax Savings with QSBC Shares and the Lifetime Capital Gains Exemption (LCGE) in Canada](https://www.prasadcpa.com/blog/maximizing-tax-savings-with-qsbc-shares-and-the-lifetime-capital-gains-exemption-lcge-in-canada/):For Canadian entrepreneurs, the ability to sell a business tax-efficiently is a crucial part of long-term financial planning. - [CRA Audit Alert: You Flipped a Home — Now What?](https://www.prasadcpa.com/blog/cra-audit-alert-you-flipped-a-home-now-what/):If you've recently received a letter from the Canada Revenue Agency (CRA) about a real estate audit, you're not alone. - [Expanding Your Canadian Business into the U.S.: Tax, Financing, and Immigration Considerations](https://www.prasadcpa.com/blog/expanding-your-canadian-business-into-the-us-tax-financing-and-immigration-considerations/):As Canadian businesses scale, the U.S. market often becomes the natural next step for growth. - [Canadians Holding U.S. Entities/Property/Income](https://www.prasadcpa.com/blog/canadians-holding-us-entitiespropertyincome/):As a Canadian resident, you are required to report and pay tax on your worldwide income, including U.S. sourced income. - [SRED Credits](https://www.prasadcpa.com/blog/sred-credits/):SRED credits are an important part of Canada’s innovation strategy. - [Critical Illness vs. Disability Insurance: Why Professionals Need Both](https://www.prasadcpa.com/blog/critical-illness-vs-disability-insurance-why-professionals-need-both/):Two policies often come up in conversations around financial protection: Critical Illness Insurance and Disability Insurance. Here we’ll explain why you need both. - [Business Succession Planning Explained](https://www.prasadcpa.com/blog/business-succession-planning-explained/):As your business grows, so does the need for a clear and proactive succession plan. - [Navigating International Company Taxation in a Globalized Economy](https://www.prasadcpa.com/blog/navigating-international-company-taxation-in-a-globalized-economy/):International company taxation advisory for Canadian and multinational businesses. Manage cross-border tax risk, ensure compliance, and plan efficiently in a global economy. - [Corporate Finance Optimization in Canada: A Strategic Approach for Mid-Market Businesses](https://www.prasadcpa.com/blog/corporate-finance-optimization-in-canada-a-strategic-approach-for-mid-market-businesses/):Corporate finance optimization for Canadian mid-market businesses. Improve capital structure, cash flow, and profitability, and prepare for growth or transition. - [Risk Assurance for Canadian Businesses: Building Confidence Through Control](https://www.prasadcpa.com/blog/risk-assurance-for-canadian-businesses-building-confidence-through-control/):Risk assurance services for Canadian businesses. Strengthen controls, manage financial and operational risk, and build confidence with stakeholders. - [Internal Audit Assurance: A Strategic Tool for Business Resilience](https://www.prasadcpa.com/blog/internal-audit-assurance-a-strategic-tool-for-business-resilience/):Internal audit assurance services in Canada that strengthen governance, manage risk, improve controls, and support resilient, well-run organizations. - [Corporate Finance Consulting in Canada: Strategic Tools for Mid-Market Growth and Exit Planning](https://www.prasadcpa.com/blog/corporate-finance-consulting-in-canada-strategic-tools-for-mid-market-growth-and-exit-planning/):Corporate finance consulting for Ontario mid-market businesses. Expert guidance on valuations, capital structuring, growth planning, and tax-efficient exit strategies. - [CTO Advisory Services: Strategic Tech Leadership for Canadian Businesses](https://www.prasadcpa.com/blog/cto-advisory-services-strategic-tech-leadership-for-canadian-businesses/):Strategic CTO Advisory services for Canadian businesses. Align technology with growth goals, strengthen cybersecurity, enable innovation, and scale with expert fractional tech leadership. - [Tax-Efficient Financial Planning in Canada: Keep More of What You Earn](https://www.prasadcpa.com/blog/tax-efficient-financial-planning-in-canada-keep-more-of-what-you-earn/):Tax-efficient financial planning for Canadians. Reduce your tax burden, maximize RRSPs, TFSAs, and investments, and keep more of what you earn with expert guidance. - [Estate Tax for Canadians: What You Need to Know Before It’s Too Late](https://www.prasadcpa.com/blog/us-estate-tax-for-canadians/):Even if you are not a U.S. citizen or resident, your estate may still face filing obligations, cross-border complexity, and potentially significant tax liability. - [Should Canadians Buy U.S. Real Estate Personally? What Most Advisors Don’t Tell You](https://www.prasadcpa.com/blog/should-you-buy-us-real-estate-personally/):For many Canadian business owners and high-net-worth individuals, buying U.S. real estate — whether in Florida, Arizona, or California — feels like a natural next step. - [Applications Canada Emergency Commercial Rent Assistance | Prasad Resources](https://www.prasadcpa.com/resources/applications-for-canada-emergency-commercial-rent-assistance/):Read more about applications from Canada Emergency Commercial Rent Assistance. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [CECRA Extensions | Prasad Resources](https://www.prasadcpa.com/resources/canada-emergency-commercial-rent-assistance-cecra-extensions/):Read more about CECRA extensions. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [CRA Income Tax Filing and Payment Deadlines | Prasad Resources](https://www.prasadcpa.com/resources/cra-income-tx-filing-and-payment-deadlines/):Read more about CRA income tax filing and payment deadlines. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Canada Emergency Wage Subsidy Extension | Prasad Resources](https://www.prasadcpa.com/resources/canada-emergency-wage-subsidy-extension/):Read more about Canada Emergency Wage Subsidy extension. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [CTO Services - The New Norm | Prasad Resources](https://www.prasadcpa.com/resources/cto-services-new-norm-your-company-ready/):Read more about the new norm for CTO services. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Expansion of the Canada Emergency Benefit Account | Prasad Resources](https://www.prasadcpa.com/resources/covid-19-updates-expansion-canada-emergency-benefit-account/):Read more about expansion of the Canada Emergency Benefit Account. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Relief Measures for Small Business Owners | Prasad Resources](https://www.prasadcpa.com/resources/relief_measures/):Read more about relief measures for small business owners. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Relief Measures for Small Business Owners & Essential Workers](https://www.prasadcpa.com/resources/relief-measures-for-small-business-owners-essential-workers/): - [Canada Emergency Wage Subsidy Information | Prasad Resources](https://www.prasadcpa.com/resources/canada-emergency-wage-subsidy-cews-information/):Read more about Canada Emergency Wage Subsidy. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Government Announcements (CEBA & CECRA) | Prasad Resources](https://www.prasadcpa.com/resources/government_announcements/):Read more about Government announcements. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Canada Emergency Wage Subsidy Bill C-14 | Prasad Resources](https://www.prasadcpa.com/resources/canada_emergency/):Read more about Canada Emergency Wage Subsidy Bill C-14. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [More Government Updates | Prasad Resources](https://www.prasadcpa.com/resources/government_updates/):Read more about latest Government updates. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Canada Emergency Wage Subsidy | Prasad Resources](https://www.prasadcpa.com/resources/canada_wage/):Read more about Canada Emergency Wage Subsidy. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Income Tax Filing and Payment Dates | Prasad Resources](https://www.prasadcpa.com/resources/income_tax/):Read more about income tax filing and payment dates. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Federal Wage Subsidy Information | Prasad Resources](https://www.prasadcpa.com/resources/federal_wage/):Read more about Federal Wage Subsidy Information. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Ontario COVID-19 Action Plan | Prasad Resources](https://www.prasadcpa.com/resources/ontario_action_plan/):Read more about Ontario COVID-19 Action Plan. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Government Subsidy & Benefit Updates | Prasad Resources](https://www.prasadcpa.com/resources/government_subsidy/):Read more about Government Subsidy & Benefit Updates. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Business Development Bank of Canada Updates | Prasad Resources](https://www.prasadcpa.com/resources/bdc_updates/):Read more about news from Business Development Bank. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Temporary Wage Subsidy for Employer | Prasad Resources](https://www.prasadcpa.com/resources/temporary_wage/):Learn more about new temporary wage subsidy for employer. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Government Programs in Response to COVID-19 | Prasad Resources](https://www.prasadcpa.com/resources/new_government_programs/):Learn more about new Government Programs in response to COVID-19. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Important News From the BDC Amidst COVID-19 Pandemic | Prasad Resources](https://www.prasadcpa.com/resources/bdc_covid/):Read more about important news from the BDC. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Our Commitment to Our Community's Health | Prasad Resources](https://www.prasadcpa.com/resources/community_health/):Learn more about our commitment to our community's health. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [New Canada Emergency Rent Subsidy - CERS Updates | Prasad Resources](https://www.prasadcpa.com/resources/canada-emergency-rent-subsidy-cers-updates/):Read more about new CERS update. News, articles, tips regarding COVID-19 from Prasad & Company LLP. - [Canada Emergency Rent Subsidy (CERS) Update | Prasad Resources](https://www.prasadcpa.com/resources/canada-emergency-rent-subsidy-cers-update/):Read more about CERS update. News, articles, tips regarding COVID-19 from Prasad & Company LLP.