# Vsatija


## Posts

- [](https://vsatija.com/4399-2/): Employee Stock Options: A smart way to grow your business and your team  What are employee stock options? Employee stock options (ESOs) are a way to reward and motivate your team, whether they are existing employees or sometimes even consultants. Instead of only paying salary or bonuses, you give them the right to buy shares in your company in the future at a set price.In simple terms: When your business grows and the value of the corporation’s shares increases, your employees can share that success.  Why business owners should care Stock options aren’t just another form of compensation. They help you: ✅ Keep strong talent✅ Attract […]
- [The Personal Services Business Versus Corporation – CRA Rules](https://vsatija.com/the-personal-services-business-versus-corporation-cra-rules/): The Personal Service Business Versus Corporation – CRA Rules In recent years, we have seen businesses in many areas of the economy hiring contractors on a long-term basis instead of offering permanent full/part time employment. More recently, we are noticing in some industries, contracts come with the stipulation requiring these individual contractors to incorporate their services through a corporation. From the perspective of the hiring corporation, this arrangement of hiring incorporated contractors provides staffing flexibility and can reduce costs such as employee benefits, overtime and vacation pay and payroll source deductions such as employee income taxes and CPP/EI premiums. From […]
- [Tax Considerations for “Artist and Performers” in Canada](https://vsatija.com/tax-considerations-for-artist-and-performers-in-canada/): Tax Considerations for “Artist and Performers” in Canada It can be a daunting process to learn about your taxes, especially, if the information is not consolidated in one place. The purpose of this article is to serve as an informative piece to Canadian artists and performers with regard to their tax considerations, whether self-employed or salaried. It contains pertinent information as directly noted by the Canada Revenue Agency (CRA). Who Does the CRA consider an Artist? As per the CRA, an individual carrying out any of the following activities is considered an artist or a performer: composed a play, musical, […]
- [Salary or Dividends: How should a Business Owner compensate themselves?](https://vsatija.com/salary-or-dividends/): Business owners make a multitude of decisions that may have significant implications on their taxes – especially when it comes to compensating from an incorporated business. One of these is whether they should pay themselves using Salary vs Dividends or a combination of the two. There are many things to consider in deciding the optimal mix than just taxes. This blog will attempt to cover these below. SALARY/WAGES (T4 income): If one decides to use this avenue (paying a salary) – the payments become an expense to the corporation which lowers the corporate taxable income leading to less taxes payable. […]
- [Income Tax Tips for Small Business Owners Canada](https://vsatija.com/income-tax-tips-for-small-business-owners-canada/): As the fiscal and tax year draws to a close for most small businesses, use these small business tax tips to review your companies tax situation to see what you can do yet to maximize your tax deductions and minimize the income tax you’ll have to pay. Keep track of your income tax deadlines Whether or not your business is profitable or not, it is required to provide business income and expenses details on their income tax return. Your business can face consequences in the form of interest and penalties if you miss meeting your income tax filing deadlines When […]
- [Is Incorporation right for your business ?](https://vsatija.com/is-incorporation-right-for-your-business/): Whether incorporation is right for your business depends on various factors. While the administrative, compliance responsibilities and costs are much higher under a corporate structure the benefits include liability mitigation of the owner, tax deferral strategies and estate planning. From Tax Point of View, incorporating your business is only effective if your business has grown enough to be worthwhile. You don’t only have enough income to offset the costs but need to be prepared to leave enough of your business earnings in the corporation to benefit from Corporate Tax Deferral Strategies. Therefore, from tax perspective, there is no magic number […]
- [Sole proprietorship versus Incorporation](https://vsatija.com/sole-proprietorship-versus-incorporation/): Before you start a business, you may have to give some thought to deciding on a legal structure. Different legal structures offer unique benefits and limitations and to help you consider a legal structure that best suites your needs, take a look at both advantage and disadvantages to both sole proprietorship and a corporation. What is Sole Proprietorship ? Sole proprietorship essentially means a business that has no separate existence from its owners. It also refers to the person who owns the business and is personally liable for its debts. Many owners do very well with this model. This is […]
- [Important Tax Deadline Dates for Corporations, Sole proprietorships and Partnerships.](https://vsatija.com/important-tax-deadline-dates-for-corporations-sole-proprietorships-and-partnerships/): General Corporations Corporate taxes payable are due two months after the corporation’s tax year end date. With the exception of new corporations in their first year of operations, corporations are required by CRA to pay monthly or quarterly installments throughout the year, if their taxes payable, for the current or preceding taxation year is more than $3,000, otherwise interest will accrue on any balance due and not paid. Canadian Controlled Private Corporations (CCPCs): Corporate taxes payable are due three months after the corporation’s tax year end. If your corporation qualifies for the small business deduction (SBD) and is expected to […]
- [Understanding the Basics of GST/HST for your business.](https://vsatija.com/sole-proprietorship-versus-incorporation-1/): In Canada, there are three kinds of sales tax that businesses need to charge their customers. Depending on your province and the goods or services your company is selling, following are the different kinds of sales tax: GST (Goods and Services Tax) PST (Provincial Sales Tax) HST (Harmonized Sales Tax), combination of GST and PST When do need to register and start charging GST/HST ? Your company makes taxable sales, leases or other taxable supplies in Canada. You are not a small supplier. What are Taxable Supplies ? Most goods and services in Canada are taxable supplies if they are […]

## Pages

- [Pricing Table](https://vsatija.com/pricing/): Our Pricing Packages Tab Example Yearly Monthly Year-end Tax Pricing Yearly pricing starting at Corporate Tax Returns (Federal & Provincial) preparation & filing Cloud based client portal Year-end taxes and planning GST/HST return preparation and filling T-Slip preparation and filing (upto two slips) Payroll software set up and support (upto two employees) Year-end compilation financial statements Bookkeeping Cleanup and assistance Finanacial review meetings and Support Growth $1995/year plus GST 2 Hours – Annually Enquire now Pulse $2395/year plus GST Yes, 2 Hours – Annually 4 hours – Annually Enquire now Propel $2795/year plus GST Yes, 4 Hours – Annually Unlimited […]
- [Personal Tax](https://vsatija.com/personal-tax/): Personal Tax Services Approach to Personal Tax Returns Our personal tax services encompass a range of offerings tailored to individuals, families, and sole proprietors to effectively manage their tax obligations and maximize savings. We believe in taking a personalized and collaborative approach to your personal tax needs. It’s more than just filling out forms; it’s about understanding your unique story: your income, investments, family situation, and financial goals. This deep understanding allows us to craft tailor-made strategies that go beyond generic solutions and help you maximize your tax deductions and minimize your tax burden. Collaborative Exploration We embark on a […]
- [Media](https://vsatija.com/media/): Media Gallery Featured on the radio station 630 CHED(28 Apr, 2024) | Listen here Businesses we’ve helped Let’s Connect Let us orchestrate your journey towards enduring tax efficiency and financial prosperity. Our Pricing Packages Maximize your Tax savings. Get a Free Business consultation. Full Name* Email* Phone Number Company Name* How can we help?*
- [Videos](https://vsatija.com/videos/): Videos https://www.youtube.com/watch?v=i3PdxXYDXIohttps://www.youtube.com/watch?v=XHOmBV4js_E Businesses we’ve helped Let’s Connect Let us orchestrate your journey towards enduring tax efficiency and financial prosperity. Our Pricing Packages Maximize your Tax savings. Get a Free Business consultation. Your name* Your Email* Contact Number Company Name* How did you hear about us? How can we help?* Latest Blogs Get ahead in your business with top tax, finance, and business strategies
- [Industries](https://vsatija.com/industries/): Expertise in Various Industries Diverse range of industries with tailored financial solutions. Hospitality Our services include strategic tax planning, budgeting, cash flow management, and financial analysis, all aimed at helping hospitality businesses thrive in a competitive market Marketing agencies Whether you’re a digital marketing firm, advertising agency, or PR consultancy, we offer strategic tax planning, budgeting, cash flow management, and financial analysis to support your growth and profitability. E-commerce Let us handle the financial intricacies so you can focus on growing your e-commerce business, expanding your product offerings, and delivering exceptional customer experiences. Media/television Whether you’re navigating advertising revenue, content […]
- [ Blogs](https://vsatija.com/blogs/): Our Blogs Latest Blogs Get ahead in your business with top tax, finance, and business strategies Let’s Connect Let us orchestrate your journey towards enduring tax efficiency and financial prosperity. Maximize your Tax savings. Get a Free Business consultation. Your name* Your Email* Contact Number Company Name* How did you hear about us? How can we help?*
- [Contact Us](https://vsatija.com/contact/): Contact us Client Centre Phone: +1- 403-827-7787 Email: vartika@vsatija.com Client Centre Get Started Connect with our team, to learn more about us and how we can help you or your business. Get Started 30 min Meeting Book a free meeting via calendly Book a Meeting Media & Press Checkout our Media Section Media Centre Maximize your Tax savings. Get a Free Business consultation. Full Name* Email* Phone Number Company Name* How can we help?* Let us help you optimize your taxes. Book a Free 30-minute call now
- [Client Concierge page](https://vsatija.com/client-concierge/): Welcome to the Client Concierge page Contact Us Phone number: +1- 403-827-7787 Email: vartika@vsatija.com Schedule Appointment Resources Resources for individual and Business Check Resources Document Drop Off Any digital documents can be uploaded to our secure document storage below. Digital Dropoff Businesses we’ve helped Let’s Connect Let us orchestrate your journey towards enduring tax efficiency and financial prosperity. Want to optimize your business taxes? Let’s connect Full Name* Email* Phone Number Company Name* How can we help?*
- [Get Started Page](https://vsatija.com/get-started/): Maximize your Tax savings. Get a Free Business consultation Contact us to know more. Your name* Your Email* Contact Number Company Name* How did you hear about us? How can we help?* Contact Details Phone number: 1- 403-827-7787 Email: vartika@vsatija.com Office address: Macleod Place II, Business Centre, Suite 500, 5940 Macleod Trail SW, Calgary, Alberta, Canada Businesses we have helped
- [Tax and Accounting Resources Page](https://vsatija.com/resources/): Tax and Accounting Resources Resources & Links Links for Personal Taxes Basic Canadian Income Tax Calculator Retirement Hub – Learn and Plan for your retirement New Canadian residents – Tax return filing Non -resident filing reporting requirements Estimated Personal Tax Calculations Estimated Personal Tax Rates Child and Family Benefits Calculator GST/HST Credit Payment Calculator Payments to the Canada Revenue Agency Link for Business Taxes Payroll Calculator Corporate Tax Rates Automobile Benefits Calculator E-Services for Businesses – Canada Revenue Agency Authorized medical practitioners for purposes of medical expense tax credit (CRA guide) Corporation (including small business) tax rates Businesses we’ve helped […]
- [Accounting and Bookkeeping](https://vsatija.com/bookkeeping/): Accounting and Bookkeeping My Bookkeeping Approach We believe in going beyond rote data entry and emphasizing precision in recording financial transactions and maintaining organized records. We take the approach with understanding your unique business rhythm – your industry, transaction volume, and specific needs. This collaborative exploration allows us to craft a tailored bookkeeping solution that seamlessly integrates with your operations. Harmony Through Transparency You’ll have real-time access via cloud based accounting systems to your financial data, understand every transaction, and be involved in key decisions, ensuring transparency and a sense of control. Proactive Planning, not Reactive Chaos We work with […]
- [ Business Advisory](https://vsatija.com/business-advisory/): Business Advisory Our Approach Forget generic strategies and rote number-crunching. Our approach to business tax is proactive, collaborative, and personalized. Collaborative Exploration We embark on a joint journey to analyze your income, deductions, and potential opportunities. This transparent exploration empowers you to actively participate in your tax planning and make informed decisions. Proactive Planning, not Reactive Filing Instead of simply preparing your returns at the last minute, We work with you throughout the year. We identify potential tax benefits and liabilities early on, allowing for strategic planning and optimization. Beyond Compliance, Towards Growth While ensuring compliance is crucial, our focus […]
- [Tax Consulting](https://vsatija.com/tax-consulting/): Tax Consulting and Preparation Our Approach As a passionate and experienced Tax Consultant here in Canada, We understand the anxieties and complexities that Canadian tax laws can evoke. Collaborative Exploration Together, we delve into your specific tax situation, analysing income, deductions, and potential opportunities. This collaborative exploration ensures complete transparency and empowers you to participate actively in your tax planning. Proactive Planning Filing is an annual event, but tax preparation takes place all year long. We firmly believe in being proactive, not reactive. Instead of simply preparing your tax return after the fact, we work with you throughout the year […]
- [FAQ](https://vsatija.com/faq/): Frequently Asked Questions? Will you help me reduce my company’s taxes ? Many businesses often turn to their accountants with a common inquiry: how can we reduce our tax obligations? As CPAs and business tax experts, we pride ourselves on staying abreast of Canada’s ever-evolving Tax Act, equipped with the knowledge of eligible deductions for both you and your company. In areas where write-offs and deductible business expenses apply, we ensure that you capitalize on these opportunities, ultimately saving on taxes. However, it’s crucial to note that our commitment to tax optimization does not extend to engaging in fraudulent or […]
- [About us](https://vsatija.com/about/): Our Story About Us We are a CPA firm with a strong team assisting businesses with their tax compliance requirements. We are distinguished not only by our proficiency but also by the unique journey that brought us together. Our narrative is woven from diverse global experiences. It starts in the varied landscapes of India and Nigeria where our founder, Vartika Satija was born and spent a significant part of her life before moving to Canada. Her journey, marked by determination and hard work, has molded us into the CPA firm we are today. Outside of Accounting Practice Vartika completed her […]
- [Homepage](https://vsatija.com/): Drive Business Success Helping Business owners achieve the Best Tax Outcomes With over 15+ years of experience in Tax Consulting, Accounting, Bookkeeping & Business Advisory services, we have helped hundreds of businesses solve their most complex Tax problems. 📅 Book a Free 30 min discovery call Contact us As featured in Previous Next Our Suite of Professional Services Tax Consulting and Preparation Strategic tax guidance for optimizing finances and minimizing liabilities. Learn more Accounting and Bookkeeping Accurate financial management for informed decision-making and business growth Learn more Business Advisory Our business advisory services are designed to empower businesses with strategic […]


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