347 Jane Street, Toronto, ON M6S 3Z3

Call us: 647-786-5810

Send mail:  sandeep@multanitax.ca

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13
Apr
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Late Filing Penalties Eliminated: Step-by-Step Breakdown

For many taxpayers—individuals and corporations alike—late filing penalties represent one of the most avoidable yet frequently incurred costs in the Canadian tax system. Whether due to cash flow constraints, administrative oversight, or misunderstanding of filing obligations, these penalties can compound quickly and materially impact financial outcomes. In recent years, the Canada Revenue Agency (CRA) has […]
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06
Apr
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Income Splitting Strategies That Still Work in 2026

Income splitting has long been a cornerstone of effective tax planning in Canada. By allocating income to family members in lower tax brackets, households can reduce their overall tax burden. However, over the past decade—particularly following the introduction and expansion of the Tax on Split Income (TOSI) rules—the Canada Revenue Agency (CRA) has significantly restricted […]
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30
Mar
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Advanced Tax Strategies for Medical Professionals in Canada

Medical professionals in Canada—including physicians, dentists, and specialists—often face a uniquely complex tax landscape. With high income levels, incorporation opportunities, and evolving tax rules, effective planning is not simply about compliance; it is about structuring income and assets to preserve wealth over the long term. This article outlines advanced, legally compliant tax strategies that medical […]
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23
Mar
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How to Pay Yourself from Your Corporation: Salary vs Dividends

If you own a corporation in Canada, one of the most important financial decisions you will make is how to pay yourself. Unlike employees, business owners have flexibility in how they extract income from their company—primarily through salary, dividends, or a combination of both. While this flexibility creates planning opportunities, it also introduces complexity. The […]
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10
Mar
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Cross-Border Retirement Planning for Americans Living in Canada

Retirement planning is complex for anyone. For Americans living in Canada, however, it becomes significantly more complicated because two different tax systems apply at the same time. Unlike most countries, the United States taxes its citizens based on citizenship rather than residency. This means that even if you have lived in Canada for decades, earn […]
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02
Mar
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How to Avoid Double Taxation as a U.S. Citizen Living in Canada

For U.S. citizens living in Canada, taxation can quickly become complex. Unlike most countries, the United States taxes individuals based on citizenship rather than residency. This means that even if you have lived in Canada for years, earn only Canadian income, and pay Canadian taxes, you are still required to file U.S. tax returns annually. […]
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Recent Posts

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13 April 2026

Late Filing Penalties Eliminated: Step-by-Step Breakdown

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06 April 2026

Income Splitting Strategies That Still Work in 2026

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Advanced Tax Strategies for Medical Professionals in Canada

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23 March 2026

How to Pay Yourself from Your Corporation: Salary vs Dividends

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Contact With Us!

 347 Jane Street, Toronto, ON M6S 3Z

Call us: 647-786-5810

Mail:sandeep@multanitax.ca