In The News

Tax time is upon us, but this year, filing one’s taxes is going to look a little different in Canada. Due to the different subsidies, tax credits, and benefits programs the federal governments introduced in 2020, people may be confused as to how to file their taxes this year.

Achieving a comfortable retirement is a goal that most of us have. However, what few people realize is that retirement planning isn’t just about saving. Rather, we must think about how to turn our savings into as much retirement income as possible and a lot of that comes down to taxes as you are still required to pay them in your golden years. 

I had the flexibility to do what I wanted while employed under larger firms, but the industry itself was changing a lot and I wanted to be able to move in my own direction.  I was able to sell my book of business and shift towards the area of business I am in now, tax and finance consulting. “

“What I love the most is there’s something new every day. I can take an idea and run with it and there’s nothing that can’t be done if you want it to happen. There are always things that come up on a daily basis that will change my day, and sometimes they are things I haven’t even heard of. I really like the idea that it’s not the same every day…”

Citizens’ tax dollars keep the local, provincial, and national governments running. They are responsible for funding healthcare, schools, infrastructure, and many more aspects of Canadian life. Many taxpayers may wonder exactly how their hard-earned dollars are spent. Wasseem Dirani, a financial expert and founder of Hamilton, Ontario’s Taxes to Save, explains how the Canadian government uses sales and income tax dollars from its citizens and corporations.

Taxpayers are essential to the proper operation of the Canadian government. The individual income tax is one of the pillars of the Canadian revenue system. While taxes in Canada are relatively high compared to other countries, Canadians’ wide array of services in exchange for their tax dollars makes the tradeoff worthwhile.

“What I love the most is there’s something new every day. I can take an idea and run with it and there’s nothing that can’t be done if you want it to happen. There are always things that come up on a daily basis that will change my day, and sometimes they are things I haven’t even heard of. I really like the idea that it’s not the same every day…”

One of the hardest things about running a small business is having to do the books. Accounting is one of those nuisance tasks that business owners have to contend with. However, it is a crucial part of modern business, and you need to understand everything about it to be successful.

Tax audits can be a horrible and debilitating thing for Canadian citizens. That is why you must understand the reasons the CRA is more likely to audit someone. Once you know these basic rules, you will be in a much better place to avoid audits and live a sound and successful financial life. Wasseem Dirani from Hamilton, Ontario, explains how these things have a profound impact on your quality of life and mental well-being.

Transparency in government spending is essential to build public trust. The recent announcement on the Canadian federal budget on April 19th, 2021, presented some highlights that reflected the future money allocation for the coming years.

“To begin with, having previously worked in the finance and securities industry, I knew the ins and outs of tax law fairly intricately. I knew I could do it well.”

HAMILTON, ON / ACCESSWIRE / June 14, 2021 / When Wasseem Dirani, founder and CEO of Taxes To Save, was approached by an online periodical to be the subject of a new professional profile, he agreed readily, eager to share with others the knowledge and wisdom he has accrued through decades of experience.

HAMILTON, ON / ACCESSWIRE / June 16, 2021 / It is with great enthusiasm that Wasseem Dirani, the founder and CEO of tax consulting firm Taxes To Save, announces that he is the subject of a new interview. The interview, which was conducted by an online periodical aimed at businesspeople and entrepreneurs, was published on March 10, 2021.

The Canadian tax system is complex. Both the federal government and provincial governments carry tax obligations for residents. In this article, Wasseem Dirani, a taxation expert from Hamilton, Ontario, breaks down the essentials of the Canadian tax system for individual taxpayers.

One of the top problems facing Canadian small businesses today is a lack of funding. The economy is beginning to recover from the Covid pandemic, but the situation remains difficult for small business owners.