Best Tax Accountant in Toronto & Mississauga Excellent accounting firm! I had been to the Scarborough branch where I met Sohail; who is a quite person but very passionate, professional, and approachable. He and his staff take care of you every step of the way. They value your time and reduce your stress by responding and updating very quickly. Highly recommend.“" Karima Jivani 5.0

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Is it the right way to purchase a home using bonus amount or lump-sum salary payment?

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To purchase a home using bonus amount or lump-sum salary payment is totally ineffective as half of the payment is required to be remitted to the CRA to pay for the payroll taxes that will leave you with very limited amount for the purchase of home. Payroll taxes include CPP, EI and the Federal Income Tax which reduce your disposable income. Please call us at 416-900-3826 to discuss your situation.

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