Our Mission
Ghazelian Inc. is a tax accounting practice committed to delivering precise, reliable, and high-quality service. Our core expertise lies in taxation—corporate, personal, cross-border, and indirect—supported by essential accounting services such as bookkeeping and compilation engagements. This blend allows clients to receive both strategic insight and accurate reporting under one roof.
What separates us from the rest is our vision to build robust, long-term relationships with our clients. We believe that exceptional technical work only matters when it is paired with clarity, trust, and genuine support. Built on precision, integrity, and a commitment to client success, Ghazelian offers thoughtful guidance and dependable professionalism to individuals and businesses navigating today’s complex tax landscape.
At Ghazelian Inc., our purpose is simple: deliver expertise you can trust and a relationship you can rely on, from day-to-day compliance to the decisions that shape your future.
Taxes don’t wait, so let’s discuss. Book your initial consultation with us today, on us.
Shant Ghazelian, M. Fisc., CPA
Founder
Shant Ghazelian, M. Fisc., founder of Ghazelian, focuses his practice on personal and corporate taxation, with a particular interest in Canadian-American cross-border tax matters. He completed his Masters in Tax at the University of Sherbrooke—simultaneously with the CPA national program—and published his thesis on cross-border corporate taxation, making Ghazelian the choice for complex international tax situations.
Committed to sharpening his expertise, he is currently pursuing a Master of Legal Studies in Taxation (MLST) at the University of San Francisco, gaining a bilateral perspective to aid Canadians looking to expand their horizons.
Having acquired many years of experience spanning corporate, personal and indirect taxation, Shant invests and sees value in the belief that clients deserve clarity, professionalism and a relationship built on trust.
-
Not necessarily. The CRA requires that an expense be reasonable, necessary, and directly connected to earning income. If something is used for both personal and business purposes, only the business-use portion can be claimed, and the allocation must be supportable. Moreover, expenses used less than 50% for business purposes can be fully denied. Claims that are overstated or not properly documented can lead to reassessments, interest, and penalties.
-
Absolutely. Individuals should always file their tax returns by or before April 30th or June 15th if carrying on a business. In the case of death, the later of those dates and 6 months after year-end becomes the deadline. For corporations, a tax return is required in many cases, for example where the corporation is resident in Canada, whether income was earned or not. On the other hand, trusts are always bound to file 3 months after year-end.
-
Possibly. Many people confuse the Eligible Refundable Dividend Tax on Hand (ERDTOH) account as the limit for paying eligible dividends. However, the limit is set by the General Rate Income Pool (GRIP) account. A corporation can pay eligible dividends up to its GRIP balance. Although, the ERDTOH account governs the amount of tax refund received by the corporation upon paying eligible dividends. Any additional designation can be subject to Part III.1 tax.
-
In most cases, incorporation becomes worth considering when your business is generating stable profit, when liability protection becomes a priority, or when planning opportunities such as income deferral, compensation flexibility, or investment structuring become financially significant. The decision depends on your goals, risk tolerance, and financial position. For those reasons, it’s crucial to look at the facts and circumstances of the particular situation to better assess the optimal solution. Let’s discuss.
-
In many cases, yes. The IRS can tax income that is earned in the U.S., even if you are a Canadian resident, depending on the type and source of the income. The Canada–U.S. tax treaty aims to prevent double taxation through the establishment of residency, and the Income Tax Act allows foreign tax credits in most cases where foreign taxes are paid, but filing obligations may still exist in both countries depending on the income and whether a permanent establishment or specific threshold is met.