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Hello Clients and Friends!

Automation is happening at AR Jaffer Professional Corporation! 

Make your accounting life easy and move to
QuickBooks Online and
get the mobile app that will get rid of your shoe box of receipts!



Contact us at clientcare@arjcpa.ca or

Call us at 905-629-7720 to learn more.


 

   
 
          
            
 

 

Dear Clients and Friends,

We made it through January and we are into the month of February. A dreary month that tends to be a tough one to get through and yet is the month of love and what connects us to spring.  Let's embrace this month,  as we appreciate the four seasons and take on making someone happy!   My staff and I will take the lead on that and brighten your month!

My staff and I would like to start by thanking you for
your referrals and Google reviews.  This shows us that you value our services and we truly appreciate your loyalty.

We are committed to assisting you in getting ready for Tax Season 2019 and keeping you up to date on what you need to know. 

In this issue of Insider Look, we will provide you with some tax tips that will keep you in the loop.

Have a look:

1.  Recap of January Insiders Look
2.  Tax Credits for Disabilities 

3.. RRSP Tax Tips for 2020
4.. RRSP vs Tax Free Savings Account (TFSA) vs Mortgages – Which one works for you? 

5.  Need assistance with your personal taxes?
6.  Business Dashboard

7.
  Our Professionals


Connecting with my clients has been my driving force in creating quality relationships.  It is always great to hear from you, so please drop me a line at clientcare@Arjcpa.ca or you can reach me directly at ajaffer@Arjcpa.ca.

The Financial Tools on our website, www.arjcpa.ca,, are always there to assist you whenever you are searching for an answer regarding your tax planning or in your everyday financial life. 

If you have any questions or comments, do not hesitate to contact us at clientcare@Arjcpa.ca or call us at 905-629-7720.  I look forward to hearing from you!

Please note that our admin@arjcpa.ca email address has now changed to clientcare@Arjcpa.ca.
 

We thank you for your loyalty and look forward to a bright spring!

Yours truly,

  

Ali Raza Jaffer, CPA, CGA, MBA, BComm

President, AR Jaffer Professional Corporation
Chartered Professional Accountant

 


1. Missed it? Here is a recap of January's Insiders Look

  • Lists of:
  • Deadlines for Tax Year 2019
  • What to Prep for 2019 Tax Season
  • Understanding Tax Jargon
  • Tax changes for 2020
  • Using our Professional Network
Click here to read up on what you missed! Or go to our website at www.arjcpa.ca. 

 Check us out on our social media platforms:


   


2. Tax Credits for Disabilities

Are you living with a disability?
Do you have a family member that lives with a disability?
Are you and your family struggling with the added expense of living with someone with a disability?

Here are 2 options to know:

Disability Tax Credit:

The Canadian government understands the financial struggle that impacts those living with a disability and their families.  In turn, families in this situation ae eligible for e Disability Tax Credit (DTC), which is a non-refundable tax credit to help people living with disabilities. This will also help those supporting the person with the disability.
Click here to learn more.

Canada caregiver credit:

You can also look at the Canada caregiver credit (CCC). A non-refundable tax credit if you are supporting someone with a physical or mental impairment. Click here to learn more or call us at 905-629-7720.


You have 24-hour access to our website, www.arjcpa.ca, for further information regarding CRA and more!

We are always here to answer your questions at 905-629-7720 or email us at clientcare@arjcpa.ca.

 

3. RRSP Tax Tips 2020  

  1. RRSP 2019 Contribution deadline – Monday, March 2, 2020
  2. Do it now. – Don’t delay purchasing your RRSP
  3. Maximize all you can - Use up all your RRSP contribution room- especially if you are in a higher tax bracket.
  4. In a higher tax bracket? RRSP should be a priority, as it reduces the income for tax purposes.
  5. Perhaps a spousal RRSP? - If you are making substantially more than your spouse, look into a spousal RRSP.  This will lower the higher earners tax hit.
  6. Don’t touch it!  It’s about the tax deferral, when it comes to the real benefit of an RRSP. If it’s not an emergency, let it be.
To learn more click here or contact me at 905-629-7720 or email me at ajaffer@arjcpa.ca and I’ll be happy to help you! Check out our website at www.arjcpa.ca for more information.

Did You Know...?  
You can use your RRSP’s for finance full-time training or education?  Click here to learn more.  

The question that may arise is, should you invest in RRSP’s or not?
If you tax bracket in your working years is higher than your tax bracket at retirement, we recommend maxing out your RRSP limit to bring you to a lower tax bracket. 

To learn more call me at 905-629-7720 or email me at ajaffer@arjcpa.ca or catch me on social media or www.arjcpa.ca.

Reach out to me via our social media 


4. RRSP
       vs
    Tax Free Savings Account (TFSA)
       vs
    Mortgages...Which one works for you?


There is often the dilemma of whether you should invest in RRSP’s, TFSA or pay down your mortgage?
 

Read my blog here to find out which option is best for your situation.

You can also call me at 905-629-7720 or email me at ajaffer@arjcpa.ca.  Lots of info at our website
www.arjcpa.ca.

 
5. Need assistance with your personal taxes?

Click here to have access to the 2019 Personal Tax Checklist created by AR Jaffer Professional Corporation.
You can also call us at 905-629-7720 go to our website at www.arjcpa.ca or click here.


6. Business Dashboards

A business dashboard is the same as a dashboard that you have in your car.  For your car, you track how your car is performing, the same is with a business dashboard.  It is used to track your businesses Key Performance Indicators (KPI), financial and non-financial metrics, and other key data points relevant to a business, department, or specific process. By displaying data visually, dashboards simplify business data, making it easy to understand, at a glance, how your business is performing.
Here are some items to include on your dashboard:

  1. Cost per employee
  2. Growth in revenue
  3. Net profit margin
  4. Operation cash flow
  5. Ebitda (earning before interest, taxes, depreciation, and amortization)
  6. Customer retention
  7. Revenue per customer
  8. Rate of return
  9. Customer Attrition
  10. Revenue and Cost vs Budget
If you would like further details on how we can help implement business dashboards, please call me at 905-629-7720 or email me at ajaffer@arjcpa.ca.

Visit our website at www.arjcpa.ca to learn more.
 

5. Our Professionals      

       

        

Ali Raza Jaffer, CPA, CGA, MBA, BComm.                                             
Email: ajaffer@arjcpa.ca                                                                        

Fatima Rasul, ACCA (UK)                                                                        
Email: fatima@arjcpa.ca                                                                        

Sajita Manoj, BComm., CPA Student                                                       
Email: sajita@arjcpa.ca                                                                          

Sumati Sharma, BComm, MComm., CPA Student
Email: sumati@arjcpa.ca

Nida Noordin, ACCA (UK), CMA (IMA-US), BComm.
Email: nida@arjcpa.ca

Pacita Padilla - BComm.
Email: pacita@arjcpa.ca

Ali Jawad Rajani - BBA
Email: jawad@arjcpa.ca

Salma Ceizar - Administration and Marketing Coordinator
Email: salma@arjcpa.ca

Jessy Fernandes - Administrative Assistant
Email: clientcare@arjcpa.ca

Sabira Jaffer - Office Manager
Email: sabira@arjcpa.ca

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5484 Tomken Rd. - Unit 19
Mississauga, ON    L4W 2Z6
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