Madan Chartered Accountant is one of Mississauga’s best accounting firms. Whether you need advice, help with your statements, or guidance on your next business move, we are by your side.

Our Team

At Madan Chartered Accountant, we know how important the experience is. We also know how critical it is to have someone in your corner that knows your unique situation. Too often, an accounting firm will have staff that doesn’t take the time to know you. Sure, they will do business with you and answer your questions before you pay. But once you do, where do they go ? To them, you are little more than a number.

That’s why we value you as a person, and not just a customer. Your taxes are important to us, because they are important to you. Our knowledgeable and friendly staff will always take the time to go the extra mile. Among all the accounting firms in Mississuga, we’re special. Our unique size enables us to answer the most complex of problems, yet provide personal attention to all our clients.

Get to know the people that make who we are...

Bookkeeping Team - US & Canada

Bookkeeping Team - US & Canada

Our team of bookkeepers will keep your company's accounting books up to date. We work with numerous bookkeeping platforms, including QuickBooks, Wave, Xero and others. Ahmed H. leads our bookkeeping team and he has over 30 years of experience in accounting, taxation and bookkeeping.

"I have a passion for bookkeeping and I'm an expert in QuickBooks, Xero, and Wave."

Ahmed H., CPA - Team Leader

Madan Chartered Accountant

Corporate Tax Team - Canada

Our focus is on tax planning and tax preparation for small to medium sized teams. The team is led by Nick, who has over 25 years experience working with Canadian companies.

"I enjoy working with small and mid-size business owners to help them with tax compliance and tax savings strategies."

Nick A. - Team Leader

Madan Chartered Accountant

Corporate Tax Team - Canada
Personal Tax Team - Canada & International

Personal Tax Team - Canada & International

We help both Canadian residents and non-residents with their personal tax filings. In particular, we work with many real estate investors, sole proprietors, and individuals with complex tax issues, including those with foreign income and those who are either leaving Canada or moving to Canada. Bhavin leads our personal tax team and he has over 10 years of experience in both accounting and taxation.

"I am a personal tax wiz., and work with a variety of clients - sole proprietors, non-residents, immigrants, emigrants and those who earn foreign income. I look forward to helping you."

Bhavin P. - Team Leader

Madan Chartered Accountant

Incorporation and Restructuring - Canada & US

We assist with forming new corporations in Canada and the US, creating holding companies, rollovers, and corporate restructuring. The team is led by Allan Madan, who has over 15 years of experience as a Chartered Accountant.

"I am an entrepreneur at heart, and I enjoy working with like minded business owners. I'm here to help you structure your business in a tax efficient manner and help you grow."

Allan M., CPA, CA - Owner

Madan Chartered Accountant

Incorporation and Restructuring - Canada & US
US Corporate and Partnership

US Corporate and Partnership

Our team prepares both US corporate tax returns and partnership returns for small businesses and for many real estate investors with properties in the US. This team is led by Vishal, who has a vast amount of experience dealing with US tax law.

"I work with many Canadians doing business in the US, and Canadians who own US rental properties. I look forward to helping you."

Vishal P. - Team Leader

Madan Chartered Accountant

US Personal Tax

We prepare US personal tax returns for US residents and non-resident aliens of the US. Many of our clients are US citizens residing in Canada, or Canadians working in the US. Our team is led by Rohan, who’s been with MadanCA for over 5 years.

“No matter who you are, you deserve to have your personal taxes done correctly, and I’ll make sure that happens.”

Mukul S. - Team Leader

Madan Chartered Accountant

US Personal Tax

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Comments 36

  1. Hi there,

    I have a newly acquired business in Mississauga and I am looking for a local accounting professional to help me with some tax planning structure and corporate tax returns. I may also need some consultation services. What areas do you specialize in?

  2. Hi Romulus,

    I have many clients based in the Mississauga and GTA region. Many of them are also small business owners so we provide a lot of corporate tax return preparation services. In addition, we also provide unique corporate structuring and strategies for you.

  3. Hi there,

    I’m an accounting graduate. I’m looking to gain some practical accounting experience with a CA firm in Mississauga, do you have any available positions even on a volunteer basis?

  4. Hi there,

    Do you only take on clients within Mississauga and the GTA or are you willing to take on clients outside of Ontario? I have a specific problem and my local accounting professionals dont’ have the expertise to help me.

    Thanks,

  5. Hi Roxanna,

    Our clients come from all over Canada and international as well.
    Technology has bridged any logistical and geographical gaps. So we are more than happy to take on any clients regardless of where they are located.

  6. Hi,

    Do you also provide bookkeeping services? if not, are you able to refer me to someone in the Mississauga area or have any recommendations for my small business?

  7. Hi,

    I’m just curious if you guys have a tax forum where I can post questions and receive answers?

    Thanks,

  8. Hi Toby,

    Yes we do have a Canadian tax forum, you can visit it here http://madanca.com/learn/canadiantaxforum

    Feel free to ask any questions.

  9. Hi there,
    I am a resident of Mississauga, I plan on becoming a non-resident in the next year. What kind of services do you offer so that I make sure my tax obligations are met?

  10. Hi Cooper,

    We have helped many people who have become non-residents of Canada to make sure that they minimize their tax obligations while ensuring all legal and tax obligations are met. You can have a look at this page http://madanca.com/blog/becoming-a-non-resident-of-canada/ for more information.

    Feel free to contact us directly.

  11. I am a temporary foreign worker, working in Mississauga. Since I contribute to CPP, I do not plan on staying in Canada long term, if I file a tax return can I recoup these contribution amounts and can you help?

  12. Hi I have multiple businesses in Mississauga that I would like to sell, what is the best way to minimize capital gains tax?

  13. Hi Miguel,

    If the company being sold is a Canadian Controlled Private Corporation (CCPC), you would want to sell shares. This is because you can claim a capital gains exemption on the sale, which would eliminate any tax on the first $800,000 of profit on the sale of the shares, so long as certain conditions are met.

    Best Regards,

    Allan Madan and Team

  14. Hi Jose,

    You can check out our bookkeeping page http://madanca.com/services/accounting/bookkeeping/

    We provide three different types of services in regards to bookkeeping.

    1) On that page we actually show you how to do bookkeeping with wave accounting with video tutorials.

    2) we provide on the phone or in person tech support on an hourly basis

    3) We can refer you to a bookkeeper

  15. Hi Richard
    It depends on your situation. There are primary as well as secondary criteria. The primary criteria is whether you have a home, spouse and dependants in Canada. If so then you need to file a return. Secondary ties are not as decisive as the primary ones but you need to consider them as well. Secondary ties are personal property in Canada, a Canadian driver’s license, Canadian passport, bank accounts in Canada.
    It will also depends on your residential ties with the current country you’re living in.

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  18. Hi, can you tell me if I sell an asset class (building of the business), at a capital gain, does 50% of the gain go into CDA (Capital Dividend Acct) or just eligible for the refundable dividend tax credit (RDOTH). If it does, would capital loss (sale of all of business equipment) reduce capital gains. I assume the gains would be recorded in part 4 of page 1 of schedule 6. Why would it say do not include loss on depreciable property, where should they be recorded.

    Second questions, are gains from eligible capital now treated as depreciable property (class 14.1) as proposed last year. If so, would the 50% non taxable gains go into CDA account.
    Thanks for your time.

    1. Hi Ronald,

      Thanks for your questions. 50% of the net capital gains (after deducting current year capital losses) are recorded to and increase the capital dividend account. Losses from depreciable property are treated as ‘terminal losses’ and not capital losses.

      50% of capital gains from the sale of ECP (class 14.1 asset) are added to the CDA account. Note: Capital gain is calculated as the difference between the net sales proceeds less and the un-depreciated capital cost of the ECP.

  19. Do you know what class # for CCA would underground storage tank for gasoline fall into. I have been searching everywhere for this information.
    Thanks

  20. Hi Allan,
    can i deduct this expense? I have a marketing firm that I use, they are located in Russia, they manage my website, blog, and other social platforms.
    Can i deduct this if the firm is not Canadian? Some social platforms are in Russian, so for Russian prospects and other platforms are in English, so for Canadians?
    Thank you.

    1. Hi Ivan, yes, you can deduct business expenses paid to foreign companies, including Russian firms. Make sure that you keep copies of invoices received from these foreign companies, and copies of payments you made to them.

  21. Hello Allan,
    You have mentioned on you video that Canadian who owns property in US to have LLP together with LLC. Do I need to get ITIN first, then set up LLP and LLC together? Do I have to file a tax twice, one for LLP and LLC?

    1. Hi Shannon,

      The CRA has changed their policy with regards to the taxation of US LLPs. As such, form a US Limited Partnership (LP) to purchase US rental properties. In this way, you will avoid double taxation and limit your liability.

      A US LP has two types of partners – (a) Limited Partners – Canadian individuals, and (b) General Partner – US LLC. Both the US LP and US LLC will require EIN’s (tax ID numbers) and you (Canadian limited partner) will need a US Individual Taxpayer Identification Number (ITIN).

      The US Limited Partnership will file a return – form 1065. Partnership income slips (called K1s) will also be prepared and issued to each partner.

  22. Hi, I have mostly (99.9 %)agricultural income back in india and very minimal income through banking transactions in my NRO account. Do i need to file income tax? Do you deal with filing income tax returns in india too? Thanks

  23. Hi, i am a canadian citizen and I have mostly (99.9 %)agricultural income back in india and very minimal income through banking transactions in my NRO account. Do i need to file income tax in india? Do you deal with filing income tax returns in india too? Thanks

    1. Hi Jaswinder,

      If you are a Canadian resident, you are taxable in Canada on your global income, including income from agricultural land in India. Yes, you do need to file a Canadian tax return. Please note that I do not prepare Indian tax returns, but I can provide you with a referral for an Indian CA who can help you. I do prepare both US and Canadian tax returns.

  24. I see you have some experience in Canadian tax and residency questions for Canadian UN Officials. I’m a Canadian born, permanent UN Staff member serving abroad in several countries since 1988, co-own a family home in BC since parents passing in 2009, kids went to boarding school and university in Canada (one still there at U of T), I have maintained a bank account in Canada, vote in federal elections from abroad etc. Spouse is US national, we now are living in US at UNHQ. We will retire in coming 2-3 years in Canada and likely split time with US. Have not filed income tax as a resident or non-resident in UN overseas years. Have filed jointly in US with my spouse for the non UN salary portions of our income. My Question – does this profile seem to constitute the “significant ties” to be a deemed resident? This is partly to assess the pros and cons of withholding tax/capital gains assessed when we sell our family home shortly, and to assess the benefits (if any) of already having resident status established when returning to Canada after retirement in a couple of years. Thank you.

    1. Hi Jen,

      Thank you for reaching out. The fact that you have a property available for your personal use in Canada is a major primary tie. In addition, if you are supporting your adult children who reside in Canada, that is another major primary tie to Canada. As a result, you appear to meet the definition of a factual resident of Canada. This means that you should be filing a Canadian tax return and declare your UN earnings to the CRA. As you are a UN staff member, you can claim a deduction for the entirety of your UN earnings, resulting in $0 of taxable income in Canada.

  25. Hi Allan
    My corporate tax filing time is October. can i buy and book pre-construction commercial property for my future business occupancy And if i buy this before filing the tax, will that be considered as expanse and will not be considered for corporate tax. How dose that play when time for tax filing comes.

    Thanks

    1. Hi Sameer,

      The down-payment made for a pre-construction property is not a business expense. It is a deposit only and recorded as an asset on the company’s balance sheet.

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