Shemie CPA

Shemie CPA Full service chartered accounting firm with over 30 years of experience.

Charles Shemie and his associates offer bookkeeping, financial statement preparation, audit, taxation and advisory services

07/20/2026

Debt isn’t a business plan.

Before you borrow, ask what you actually know that your competitors don’t.

Study the market. Track the trends.

Find the gap everyone else is too busy to see.

Money accelerates a strategy. It doesn’t create one.

Grow smart, not just fast.

07/17/2026

A single Airbus A380 flight from Dubai to London generates nearly $400,000 in revenue.

The airline keeps about $245,000.

That $155,000 gap, fuel, crew, airport fees, insurance, depreciation, is the difference between a great top line and a healthy bottom line.

And it’s the number most owners underestimate in their own business.

Revenue tells you how busy you are. Profit tells you whether it was worth it.

If you’re not sure where your $155,000 is going, that’s usually a conversation worth having.

07/16/2026

I’m going to share with you a conversation that I had.

It’s with a lady who’s looking to invest her spare cash.

The only thing is she also has credit card debt with an 18% interest rate.

Watch the quick video on how the conversation went.

I’m excited to hear what your takeaways are in the comments.

07/15/2026

Why does Costco happily lose money on rotisserie chickens and $1.50 hot dogs?

It’s a masterclass in playing the long game.

Here’s how membership fees quietly do the heavy lifting behind the scenes.

07/14/2026

Trump acquiring Mar-a-lago is an example of investment ingenuity,

Instead of buying the actual property by its original amount.

He bought the lot next door which covers the ocean view.

Mar-a-lago’s value went down

This allowed Trump to buy the land at a really low price.

That’s working smarter, not harder

07/13/2026

60,000 people. Zero personal income tax. A passport you can legally purchase.

Welcome to St. Kitts.

It’s one of the oldest citizenship-by-investment programs in the world, and one of the most misunderstood.

Because buying a passport doesn’t make you a non-resident.

And becoming a non-resident isn’t free.

Dream about the beach. Plan the exit properly.

07/10/2026

“The top 1% pay 40% of all income taxes.” True… but misleading. 💸

Here’s the part nobody explains.

When people say “top 1%,” they’re talking about income, not wealth. And those are two very different things.

Think about a surgeon, a lawyer, an executive. Big salaries. High taxable income. A lot of tax paid. That’s what puts them in the top 1%.

But are they the richest people in the country? Not necessarily.

Many of the truly wealthy don’t earn huge salaries. They own businesses. Real estate. Investments.

Their wealth grows every single year, yet they report very little taxable income.

Why? Because income gets taxed. Wealth often doesn’t.

So next time you hear that stat, ask one question: are we talking about income, or wealth?

Because the answer changes the entire conversation.

Where do you land on this? Let me know in the comments.

07/09/2026

The wealthy don’t just buy property, they structure it.

The right ownership strategy can dramatically reduce the tax you pay along the way.

07/08/2026

Elon Musk just used a tax move most business owners overlook.

He bought Twitter in 2022.

In 2025, his AI company xAI “acquired” X, but not for cash.

It was an all-stock deal.

Why it matters: swapping shares instead of selling for cash can defer the tax on your gains until you actually cash out.

The structure of a deal can move your tax bill as much as the price does.

07/07/2026

This tax scheme promised massive savings, and ended in disaster.

Sold as a smart, legal shortcut, it triggered audits, brutal penalties, and public fallout instead.

Experts and victims break down how aggressive loopholes and reckless accounting unravelled fast.

The lesson is simple: if a tax strategy sounds too good to be true, it is.

Address

2500 Avenue Pierre Dupuy, Suite 104
Montreal, QC
H3C4L1

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5am
Wednesday 9am - 5am
Thursday 9am - 5am
Friday 9am - 5pm

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