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Compilation vs Review vs Audit: A Guide to Calgary Financial Statement Types
Not sure whether your Calgary business needs a compilation, review, or audit? Learn the key differences, costs, and when to choose each financial statement type. Sahil & Mehar Accountants & Consultants break down these services to help you meet compliance, satisfy stakeholders, and make the right choice for your business.
Sahilpreet
3 days ago9 min read
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Retirement Planning and Saving Strategies for Canadians in Their 40s
As a Calgary professional in your 40s, planning for retirement means balancing RRSPs, TFSAs, CPP, and more while managing your business and family. Discover tax-efficient strategies—from maximizing contributions to choosing between dividends vs salary—to secure a comfortable retirement in Canada. Our Calgary accountants guide you through inflation challenges, investment risks, and opportunities unique to mid-career entrepreneurs and individuals.
Sahilpreet
Jun 2522 min read
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How Passive Income Can Affect Your Small Business in Canada: Benefits, Risks, and Tax Implications
Discover how passive income can impact your small business in Calgary. From rental income and dividends to investment strategies, learn how to grow your business while avoiding tax pitfalls. Sahil & Meher Accountants and Consultants specialize in helping Calgary entrepreneurs manage passive income, reduce taxes, and build long-term financial success. Find out how passive income can support your business growth and stability in the Alberta economy.
Sahilpreet
Jun 2515 min read
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Tax Planning Strategies for Calgary Entrepreneurs: RRSPs, TFSA & Dividend Decisions
Smart tax planning is essential for Calgary entrepreneurs. This guide explains how to strategically use RRSPs, TFSAs, and salary vs. dividend choices to lower your tax bill, maximize retirement savings, and build long-term financial strength. Whether you're incorporated or self-employed, these strategies can help you make the most of your income—legally and effectively.
Sahilpreet
Jun 2417 min read
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5 Powerful Ways to Invest Your Tax Refund in 2025 (That Actually Build Wealth Long-Term)
Wondering what to do with your 2025 tax refund? Instead of spending it, turn your refund into long-term wealth. Discover 5 powerful strategies to invest your tax refund in Canada — from paying off high-interest debt, boosting RRSP and TFSA contributions, to building your emergency fund and growing your investments.
Sahilpreet
Jun 135 min read
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Navigating the Future: Key Accounting Trends Shaping 2025
As 2025 unfolds, the accounting profession is undergoing a significant transformation driven by automation, sustainability reporting, cybersecurity, and evolving client demands. In this in-depth blog, we explore ten pivotal trends reshaping the CPA landscape—from AI-powered workflows to ESG integration and remote advisory services. Whether you're a seasoned accountant or a growing firm in Canada, understanding these changes is crucial to staying competitive, compliant, and cl
Sahilpreet
Jun 46 min read
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Surviving and Thriving: What Canada’s 2025 Tax Changes Mean for Trucking Companies
Surviving and Thriving: What Canada’s 2025 Tax Changes Mean for Trucking Companies
Sahilpreet
Jun 33 min read
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Navigating Change: What Canada's 2025 Federal Election Means for Small Businesses
Navigating Change: What Canada's 2025 Federal Election Means for Small Businesses
Sahilpreet
Jun 32 min read
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5 Surprising Canadian Tax Tips You Didn’t Learn in School
In 2025, your side hustle isn’t just supplemental income—it’s a strategic tax planning tool. Whether you’re freelancing, selling online, or creating content, structuring your side gig as a business opens the door to powerful deductions that salaried employees can’t access. From home office write-offs to tech subscriptions and vehicle mileage, learn how to turn everyday business expenses into legitimate tax savings—while staying fully compliant with CRA regulations.
Sahilpreet
Apr 243 min read
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Optimizing Client Management and Internal Operations for Canadian Small Businesses
In today’s competitive business landscape, Canadian small business owners must juggle multiple roles: sales lead, customer service agent,...
Sahilpreet
Apr 165 min read
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How to Prepare for Year-End Tax Filing: A Comprehensive Guide for Canadian Business Owners
Tax season in Canada is in full swing—and for small business owners, that means more than just gathering receipts. It's about making informed decisions that could impact your financial future. From organizing year-end documents to understanding CRA audit triggers and optimizing your tax strategy, staying ahead is critical. In this guide, we break down what you need to know to reduce stress, stay compliant, and maximize your deductions.
Sahilpreet
Apr 158 min read
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Mastering Bookkeeping in 2025: Essential Tips and Strategies for Small Businesses
In the dynamic landscape of small business operations, effective bookkeeping stands as a cornerstone for financial health and strategic...
Sahilpreet
Apr 153 min read
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What Small Business Owners in Should Know About the Alberta Corporate Tax Rate in 2025
Alberta has long distinguished itself as a favourable jurisdiction for corporate investment and entrepreneurial growth, owing in part to...
Sahilpreet
Apr 153 min read
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The Biggest Accounting Mistakes Small Business Owners Make
Accounting can often feel like navigating a labyrinth, especially for small business owners. Missteps can easily lead to significant...
Sahilpreet
Apr 73 min read
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The Significance of Professional Accounting Services in Canada
Benefits of Professional Accounting Services Introduction In the intricate tapestry of Canada's financial landscape, professional...
Sahilpreet
Oct 19, 20232 min read
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Understanding and Avoiding Small Business Failure in Canada
Introduction Small businesses play a vital role in Canada's economy, contributing to job creation and economic growth. However, many...
Sahilpreet
Oct 6, 20235 min read
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