Ricky Chawla CPA Professional Corporation RCTAX

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Ricky Chawla CPA Professional Corporation RCTAX Delivering reliable, personalized solutions in accounting, tax planning, and business consulting.
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Whether you're a business owner, professional, or self-employed, we're your one-stop partner for financial clarity and long-term success. Welcome to Ricky Chawla CPA Professional Corporation, where expertise meets excellence in financial services. With a comprehensive range of accounting solutions, we are your trusted partner for all things financial. Our seasoned professionals bring years of experience to the table, ensuring meticulous accuracy and strategic insights. Discover a seamless blend of proficiency and personalized service as we navigate the complexities of your financial landscape. Your success is our priority, and we re here to make every number count.

09/24/2026

Are you legally considered a Canadian resident for tax purposes? 🇨🇦 The answer isn't as simple as where you spend your time.

If you are a dual citizen, an expat, a cross-border commuter, or a digital nomad spending extended time in Canada, the Canada Revenue Agency (CRA) uses strict criteria to classify your status:

🔹 Significant Residential Ties: Keeping a home available for your use, or having a spouse/dependents residing in Canada, automatically establishes primary residency.
🔹 Secondary Ties: Canadian bank accounts, active credit cards, provincial healthcare cards, and driver's licenses can heavily sway the CRA’s decision.
🔹 The 183-Day Rule: Staying in Canada for 183 days or more in a single calendar year can deem you a tax resident overnight.

⚠️ The Real Risk:
Once classified as a Canadian tax resident, you are legally required to report and pay tax on your worldwide income—not just what you earn inside Canadian borders.
Misfiling your residency status can trigger unexpected CRA reviews, harsh penalties, and double taxation. Fortunately, bilateral tax treaties and cross-border planning can protect your assets—if filed correctly.

Get strategic clarity from Ricky Chawla, CPA, CA—former Big Four (Deloitte) Partner with 30+ years of cross-border tax leadership.

👉 Need clarity on your tax residency?
Book a private consultation via the link in our bio, or visit www.rctax.ca.

📍 Serving clients across the GTA & internationally
📞 (416) 414-8139 | ✉️ [email protected]
🏢 Toronto • Mississauga • Brampton • Oakville

5 Numbers Every Business Owner Should Know ✅You don't need to be an accountant to understand your business finances. 😎 K...
09/24/2026

5 Numbers Every Business Owner Should Know ✅

You don't need to be an accountant to understand your business finances. 😎

Knowing your revenue, profit, cash flow, expenses and tax position can give you a much clearer picture of where your business stands. ⚡

Don’t Wait Until December to Plan Your Taxes. ❌Tax planning works best when you have time to act. ✅🔁 Reviewing your numb...
09/24/2026

Don’t Wait Until December to Plan Your Taxes. ❌

Tax planning works best when you have time to act. ✅

🔁 Reviewing your numbers before year-end can help identify opportunities, prepare for upcoming tax obligations and avoid last-minute decisions.

Mixing personal and business finances can make bookkeeping harder than it needs to be. 😅Keeping accounts and expenses se...
09/23/2026

Mixing personal and business finances can make bookkeeping harder than it needs to be. 😅

Keeping accounts and expenses separate creates clearer records and makes it easier to understand how your business is actually performing. 😎

Bookkeeping isn't just about keeping records for tax season. ❌Accurate, up-to-date books can help you understand where y...
09/22/2026

Bookkeeping isn't just about keeping records for tax season. ❌

Accurate, up-to-date books can help you understand where your business stands and make better financial decisions throughout the year. ✅

💲 GST/HST collected from customers needs to be tracked and planned for—it isn't simply business income.🔁 Regular reconci...
09/20/2026

💲 GST/HST collected from customers needs to be tracked and planned for—it isn't simply business income.

🔁 Regular reconciliation and setting funds aside can help prevent an unexpected cash-flow squeeze when it’s time to remit.

A busy business can still feel short on cash. 📉💲 Revenue, expenses, payroll, taxes and payment timing all affect what’s ...
09/18/2026

A busy business can still feel short on cash. 📉

💲 Revenue, expenses, payroll, taxes and payment timing all affect what’s actually available to run your business.

Understanding your cash flow can help you plan with greater confidence. ✅

The final quarter is a good time to step back and review the bigger picture. 🙌✅ Check your revenue, expenses, cash flow ...
09/17/2026

The final quarter is a good time to step back and review the bigger picture. 🙌

✅ Check your revenue, expenses, cash flow and tax position now so you can approach year-end with fewer surprises.

September 15 has passed, but your tax planning shouldn’t stop there. 💯🔃 Take a moment to review what was paid, what’s co...
09/17/2026

September 15 has passed, but your tax planning shouldn’t stop there. 💯

🔃 Take a moment to review what was paid, what’s coming next, and whether your current instalment strategy still makes sense.

09/16/2026

⚠️ Are you ignoring CRA tax installments this September?

With CRA interest rates compounding daily on underpaid corporate and personal installments, what feels like a minor oversight today can turn into thousands in non-deductible penalties tomorrow.

But September isn’t just about dodging penalties—it’s also the ideal window to prepare your business for year-end:

🔹 Calculating your Q3 installment obligations
🔹 Optimizing your Salary vs. Dividend mix for 2024
🔹 Planning strategic corporate asset purchases before fiscal close

By the time April arrives, it’s too late to strategize—it’s only time to report.

💼 Let’s build your tax blueprint before Q4 slips away.
🔗 Click the link in our bio to book a strategic corporate tax consultation with Ricky Chawla CPA Professional Corporation.

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Address

Hurontario St, 2 County Ct Boulevard Suit 400, Brampton
Mississauga, ON
L6W3W8

Opening Hours

Monday 9:30am - 6pm
Tuesday 9:30am - 6pm
Wednesday 9:30am - 6pm
Thursday 9:30am - 6pm
Friday 9:30am - 6pm

Telephone

+14164148139

Website

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