by Ricardo Ardiles | Pharmacy Owners, COVID-19, Reliefs |
Effective April 9, 2020 the application for Canada Emergency Business Account (CEBA) became available and pharmacies have the ability to apply for Government relief online. Effective June 26, 2020 additional measures have rolled out to allow for more pharmacies who...
by Ricardo Ardiles | Reliefs, Pharmacy Owners, Staff Pharmacists |
Happy New Year!! From the team at Pharma Tax, we wish you nothing but success in 2020. Our goal is to help you save taxes this year and every year going forward. Why? Pharmacists pay a lot of taxes. On average, your tax rate is about 43% so about half of what you make...
by Ricardo Ardiles | Pharmacy Owners, Reliefs, Staff Pharmacists |
There are a few things to consider before the end of the year if you want to save money on your 2019 tax bill. Here are 18 year end tax planning tips that can help you save money. Prior to implementing any strategy, you should consult with tax and legal advisors to...
by Ricardo Ardiles | Staff Pharmacists, Pharmacy Owners, Reliefs
Whether you’re purchasing your first home or 2nd, 3rd, it’s become very difficult for Canadians to save for a down payment. Saving for a $100K down payment seems almost impossible for a lot of pharmacists because almost half of what you make goes to tax...
by Ricardo Ardiles | Pharmacy Owners
Are you a pharmacy owner and want to save $425,449 in tax? Today, we will discuss 3 common needs of pharmacy owners and how one solution can satisfy these needs simultaneously. Here is how you will benefit: Get $997,909 more to fund your pharmacy Receive $275,620...
by Ricardo Ardiles | Pharmacy Owners
If you’re a pharmacy owner and over 40, you should stop contributing to RRSPs. There are far better and faster ways to save for retirement than an RRSP. Do you want to pay less tax every year? Do you want up to 65% more of a retirement nest egg compared to a...
