Pharma Tax
1100 Burloak Drive Unit 300 L7L6B2 Burlington, ON, Canada

Find out how one pharmacy owner was able to save $22,209 in taxes and interest this year alone with strategies implemented by Pharma Tax. Read our blog to find out more: https://bit.ly/3nHeeq7 . . . .... . #taxsavingtips #canadiantaxes #taxsolutions #taxhelpcanda #accountingpharmacy#freetaxassessment #taxassessment #saveontaxes #pharmatax #pharmacyhelp #hamilton #niagara #londonon #burlington #ottawa #toronto #vancouver #winnipeg #sudbury #growyourwealth #pharmacist #canadianpharmacist #canadianpharmacists #canadianpharmacyowner #accountant #accountantsforpharmacists See more

If we can’t save you money, we don’t deserve a penny from you. If you’ve had a big tax bill last month, we can help you save thousands of dollars each year. Head to our website to book a FREE consultation TODAY: https://bit.ly/2RjDaaX... . . . . . #pharmatax #canada #burlington #ottawa #toronto #vancouver #winnipeg #sudbury #growyourwealth #vancouver #barrie #hamilton #pharmacist #canadianpharmacist #canadianpharmacists #canadianpharmacyowner #pharmacyowner #tax #taxes #accountant #accountantsforpharmacists #taxsavingtips #freetaxassessment #taxassessment #savemoney See more

Co-founder Ricardo Ardiles tells you how to get specialized tax help for your pharmacy with Pharma Tax and save thousands of dollars each year: https://bit.ly/2RjDaaX . . . .... . #pharmacist #canadianpharmacist #canadianpharmacists #canadianpharmacyowner #pharmacyowner #tax #taxes #accountant #accountantsforpharmacists #taxsavingtips #freetaxassessment #taxassessment #savemoney #pharmatax #canada #burlington #ottawa #toronto #vancouver #winnipeg #sudbury #growyourwealth See more

The 2021 Federal Budget tabled by Finance Minister Chrystia Freeland on Monday, April 19, 2021, contained several proposals that will impact the financial, tax and estate plans of Canadians. Find out how you can benefit on our blog: https://bit.ly/3vY6CCt . .... . . . #tax #taxes #accounting #business #taxseason #finance #incometax #accountant #smallbusiness #entrepreneur #bookkeeping #taxpreparer #gst #money #taxrefund #taxprofessional #taxreturn #pajak #payroll #taxpreparation #audit #cpa #taxplanning #taxconsultant #businessowner #accountants #pharmacy #pharmacist See more

Don't waste your money by overpaying on taxes. Head to Pharma Tax who will help you plan your tax strategy to optimise your wealth Boom a FREE Tax Assessment TODAY: https://bit.ly/2RjDaaX . . . .... . #tax #taxes #accounting #business #taxseason #finance #incometax #accountant #smallbusiness #entrepreneur #bookkeeping #taxpreparer #gst #money #taxrefund #taxprofessional #taxreturn #pajak #payroll #taxpreparation #audit #cpa #taxplanning #taxconsultant #businessowner #accountants #pharmacy #pharmacist #pharmacyowner #canada See more

Pharma Tax co-founder Ricardo Ardiles explains how you could get training credits from your Pharmacy's tax return. . . . .... . #canadatrainingcredits #canadatraining #pharmacytraining #pharmacyca #learnpharmacy #learningtaxes #taxtips #canadataxtips #canadiantaxes #pharmacytaxes #taxcreditscanada #canadataxlearning #canadataxhelp #taxspecialists #canadataxadvice #pharmacytax #taxforpharmacies #pharmacycanadatax #pharamacycanada #canadataxtips #canadataxhelp #taxspecialists #canadataxadvice #pharmacytax #taxforpharmacies #pharmacycanadatax See more

Today is #NationalTriviaDay, and in honor of that we thought we would share this fact with you: Each year over 3,000 trees are being shredded off the ground just so people can prepare their taxes the old fashioned way. Tax preparers still do a large number of the tax returns, said the senior marketing director of UFile, Joanne Birtch. Six-million people are still doing their tax return by hand.... . . . . . #tax #taxes #accounting #business #taxseason #finance #incometax #accountant #smallbusiness #entrepreneur #bookkeeping #taxpreparer #gst #money #taxrefund #taxprofessional #taxreturn #pajak #payroll #taxpreparation #audit #cpa #taxplanning #taxconsultant #covid #irs #businessowner #accountants #pharmacist #pharmacyowner

Welcome 2021! . . .... . . #newyearseve #newyear #newyears #happynewyear #party #nye #newyearsresolution #dec #jan #instagood #newyearsday #photooftheday #hello #newyearscelebration #celebration #celebrate #newyearsparty #goals #bye #resolutions #donewith #fireworks #christmas #newyearseveparty #photography #newyearnewme #happy #holidayspirit See more

Pharmacies across the country can start applying for the Canada Emergency Rent Subsidy starting Monday, November 23rd. If you qualify, your pharmacy can get up to $75,000 per pharmacy, up to a maximum of $300,000 if you own multiple pharmacies. This program works very much like the Canada Emergency Wage Subsidy, where you have to show a revenue decline.... To see if your pharmacy qualifies and how to apply, the details are in our blog post here. https://pharmatax.ca/canada-emergency-rent-subsidy/

We aren’t just another group of accountants and financial advisors, we are Pharma financial experts. Let us take care of saving your money, so you can focus on what matters. .... . . . . . #Pharmatax #accountants #taxplanners #pharmacy #pharmacyowners #taxplanningforpharmacists #business #wealth #entrepreneur #sustainablefinance #financialfreedom #tax #taxes #accounting #taxseason #finance #incometax #accountant #smallbusiness #bookkeeping #taxpreparer #gst #money #taxrefund #taxprofessional #taxreturn taxpreparation #audit #cpa #taxplanning #taxconsultant #businessowner #pharmacist See more

Lest we forget #CanadaRemembers

This kind of feedback is why we do what we do

Happy World Pharmacist Day! Thank you to all the pharmacists working the front lines, especially throughout this pandemic, you're unsung heroes!

The Bank of Canada interest rate remains unchanged at 0.25% which means that prime rate should also remain unchanged at 2.45%.

Merry Christmas from the Pharma Tax family to yours!

Happy Canada Day!!

Start Paying Less Tax Every Year! You could save $3,780 to $30,410+ in taxes every year! Proper corporation structure for reliefs & pharmacy owners... 7 step tax planning process to maximize deductions and tax savings! Schedule your FREE tax assessment at the link in our bio.

Today, additional measures were rolled out to allow for pharmacies who previously didn't qualify for the CEBA loan program to now qualify. If your pharmacy has: - A Canada Revenue Agency business number... - Filed a 2018 or 2019 tax return - Valid expenses between $40,000 and $1,500,000 CAD in 2020 Then you may qualify. For details & Q&A, checkout our latest post about this program: https://pharmatax.ca/ceba-loan/

Congratulations Andrew Drover and K. Erin Drover on starting your pharmacy!! It looks AMAZING! Wishing you nothing but success, happiness, and wellness at your store #pharmacy #pharmacist #pharmacylife #ownership

Financial relief programs for pharmacists, join us this Sunday for round 2!!! Register here for the Zoom webinar: https://bit.ly/2VG9XFy In partnership with Whole Health Pharmacy Partners, we will be providing the latest program updates and answering questions specifically tailored for pharmacy.... Feel free to tag or share with your pharmacist colleagues

Today, Monday, December 21, 2020 is the #WinterSolstice. This is the astronomical first day of winter in the Northern Hemisphere and the shortest day of the year. #HappyWinterSolstice #FirstDayofWinter

Friday is a day to finish your goals for the week. It is a day to celebrate that which you set out to accomplish at the beginning of the week. Well done. Byron Pulsifer

We are a team of accountants and financial advisors but unlike other groups, we actually specialize in pharmacy. Ricardo and Adam used to work together at another accounting & wealth management firm focused on dentists. Pharmacists were being referred from the dentist clients and we kept hearing the same thing: what you guys are doing for dentists, no one is doing for pharmacists.... Eventually, Ricardo and Adam both left the firm and decided to start Pharma Tax, based on the feedback and experience working with pharmacists. Ricardo/Adam met Geoff/Derek at a CPA conference and decided to join forces in an effort to create a one-stop shop environment for pharmacists. Today, we now offer a full suite of accounting & wealth management services tailored exclusively to pharmacists!

Want to Pay Less Tax? We help pharmacists in Canada pay less tax every year with accounting & financial solutions! Click the Link in our Bio to learn more!... . . . . . #accountant #accounting #business #tax #finance #bookkeeping #cpa #taxes #smallbusiness #accountants #charteredaccountant #taxseason #entrepreneur #incometax #ca #accountantlife #bookkeeper #payroll #businessowner #taxpreparer #charteredaccountants #taxprofessional #audit #accountingservices #money #pharmacyowner #pharmacist #taxplanning

Effective today, the CEBA program has been expanded by an additional $20,000. Applications to get this started today, you should get an email from your bank with instructions or go directly to their website to apply. So the CEBA loan now stands at $60,000. If you pay back the loan by December 31, 2022 then $20,000 is forgiven, meaning you only have to pay back $40,000. All the details of this expanded CEBA program are here: https://pharmatax.ca/ceba-loan/

Ontario has announced 600M in funding to help cover PPE and other fixed costs for your pharmacy during these tough times. At an absolute minimum, you will be able to get $1,000 in financial support to help pay for PPE expenses that you have incurred since March. For those regions in lockdown, you may be able to get your property taxes and energy bills paid during the lockdown period.... As of Monday, November 23rd, Toronto and Peel Region will be placed in lockdown. To see if your pharmacy qualifies and how to apply, the details are in our blog post here. https://pharmatax.ca/ontario-financial-support/

More pharmacies, especially newer pharmacies, can now qualify for the CEBA $40K loan program with announcement today! As well as support for pharmacies to pay rent in April, May, June Have questions? Reach out and happy to help

Good news for staff and relief pharmacists today...Government announced "essential workers" who are making less than $2,500 per month will get a top up to help with loss of hours or decreased income due to COVID-19. If you were a student last year, you will also get access to the Emergency Response Benefit $2K/month because many of you didn't meet the initial $5,000 minimum income threshold for 2019. Details to be outlined by the Government "very soon" ... If you need help managing all these programs, please do reach out and schedule a time to talk with us.

$40,000 interest free loan program called the Canada Emergency Business Account available today!!!! Pharmacy Owners, this is for you. Here's what you have to do...

Missed the webinar presented by Whole Health Pharmacy Partners & Pharma Tax? Register and receive a link to view the recording of "Financial Relief for Pharmaci...sts During COVID-19." Register here: https://docs.google.com//1FAIpQLSeAohIuzfsX6-9sNK/viewform Questions? Email [email protected] #pharmacists #pharmacist #pharmacy

Relaxed measures for the wage subsidy announced today April 8th

Thanks to everyone who joined us today! We had over 800 pharmacists register....big shout out to James Morrison Dean miller and the entire team at Whole Health Pharmacy Partners for gathering such an amazing group of people. The recording will be made available to those who want to watch again and/or couldn't make it. Lots of questions, lots of uncertainty, we are both here to help you navigate this crisis. #StrongerTogether

Update on the 75% wage subsidy program!! Action item for pharmacy owners: register for a CRA My Business Account and setup direct deposit if you haven't already done so. Need help navigating the various programs? Schedule a time to chat with us: https://pharmatax.ca/covid19/

Wage subsidy program and $40,000 interest free loan update for pharmacies If you need help with these programs, schedule a time to chat with us: https://pharmatax.ca/covid19

Pharmacists, do you need financial support because of what's happening with COVID-19? Join us for a webinar "Financial Relief for Pharmacists During COVID-19" presented jointly by Pharma Tax and Whole Health Pharmacy Partners This Sunday, April 5th, 11 AM EDT. ... Please register via the google form to attend live or receive a recording: https://lnkd.in/ghpgTzz

Emergency Response Benefit announced today (March 25th) to help pharmacists who aren't receiving an income right now. Benefit: $2,000 per month for 4 months. Applications will start on April 6th, 2020. More details to come. For pharmacies who have suffered a negative financial impact due to covid-19, we can chat about:... 1. How much cash you have in the bank and how long you can operate like this 2. What financial support is available to you 3. How to apply for these Government programs This would be a virtual meeting of course via Zoom, schedule a time here: pharmatax.ca/covid19

Today, Ontario and Quebec formally issued statements that Pharmacies are considered essential workplaces that are to remain open. In talking with our clients and other pharmacists, many pharmacies are under lots of pressure to answer questions from patients and meet their prescription needs as well as hand sanitizer/face masks/gloves. We would like to take this moment and say THANK YOU for being on the front lines and helping us during this pandemic.... You are putting your own health & safety on the line to help us. A BIG shout out to all our clients, friends, and colleagues on the front lines right now. You deserve the recognition!

Instead of an April 30 filing deadline for the 2020 tax filing season, Canadians will have until June 1 to submit their income tax return to CRA. The deadline to pay off any outstanding balances interest-free will also be extended, this time to July 31.

https://www.cbc.ca/news/business/bank-of-canada-1.5497098

Prime lending rate has decreased by 50 basis points to 3.45%, effective March 5. https://www.bnnbloomberg.ca/rbc-cuts-prime-lending-rate-aft

In a widely anticipated move, Bank of Canada governor Stephen Poloz announced the bank would be cutting its key interest rate by 0.5 per cent to 1.25 per cent. Poloz remains concerned about rising household debt levels and housing market ‘froth,’ but the impact of the coronavirus, coupled with a slack end to last year, have driven him to cut.

The deadline has passed but conversations to pay less tax this year 2020 should really start now

Join Dean Miller and James Morrison of Whole Health Pharmacy Partners and learn how to meet mandatory privacy breach reporting for Ontario pharmacies. Wednesda...y, February 5th, at 7 pm. Zoom: https://lnkd.in/giMheD7 Facebook live: Whole Health Pharmacy Partners

Today is #BellLetsTalk day. Let us continue the conversation. Mental health is affecting Canadians and there are resources out there such as BounceBack Ontario.... For more information visit: www.bouncebackontario.ca #schombergvillagepharmacy #pharmacy #schomberg #mentalhealth #continuetheconversation #weareasafespace #resources

This Wednesday is #BellLetsTalk Day. Join Wholehealth and Indigenous Reconciliation Group this Wednesday, January 29th at 7 pm for our webinar on Indigenous Peo...ples of Canada’s Mental Health! Join the conversation and gain insight on Indigenous Cultural Competence with a Mental Health Perspective! Zoom: https://zoom.us/j/761225075 Facebook live: Whole Health Pharmacy Partners #Wholehealth #IndigenousReconciliationGroup #Indigenous #MentalHealth #Healthcare #Reconciliation #IndigenousHealth #Pharmacy #FirstNations

Happy New Year From Pharma Tax!! Here are 2020 tax changes that pharmacy owners, reliefs, and staff pharmacists should know about as well as tips how to reduce your tax bill this year. Don't be shy, reach out with any tax questions you may have. All the best for this new year!!... https://pharmatax.ca/tax-changes/

From our family to yours, we wish that you have a great Holiday season and for an extremely successful 2020!!!

The Ontario Pharmacist Association is pleased to share that due to our advocacy efforts and those of our members and pharmacy partners, OCT cap will be removed ...starting January 1, 2020. This is a great example of the things we can accomplish when we unite together as one profession. Thank you to all Ontario pharmacists who took the time to send comments to the Ministry on reducing red tape. Read more: tinyurl.com/vxrcs6e

This is very real issue. A number of our clients have taken time off due to burnout/stress/anxiety/depression - a variety of mental health issues - because of the long & demanding hours with little to no breaks. From pharmacy owners working 6-7 days per week to staff pharmacists working at big box chains running at demanding volumes and short staffed. You can rarely eat lunch without having to put down your food to attend to a patient. ... That's why we recommend that every pharmacist have an income protection plan so that, if this happens to you, you can take as much time off to recover while still receiving an income. This includes access to Onward by Best Doctors, which is revolutionizing the care and support offered to those who suffer from mental illness. Having access to the right people, and quickly, can make a huge difference to your well being. Are you feeling this way and want to chat? Message us or schedule a phone call here: https://go.oncehub.com/pharmatax https://www.pharmacy.biz/four-in-five-pharmacists-at-high-/

There are a few things to consider before the end of the year if you want to save money on your 2019 tax bill. Here are 18 tax tips for pharmacy owners, staff pharmacists, and reliefs to take by December 31st: https://pharmatax.ca/2019-tax-planning/

Congratulations Avish!!!

Pharmacy owners, next Tuesday Nov 19th we're hosting two sessions (AM and PM) where you will learn 5 ways to maximize the value of your pharmacy. For details and registration: https://pharmatax.ca/register/ Many pharmacies are at 3% to 5% net profits...... ...many are unprofitable and don't know why ...the top independents are doing 10% to 14% in net profits What are the top pharmacies doing that you aren't? Join us next Tuesday and learn how to increase the profitability of your pharmacy. Register here: https://pharmatax.ca/register/

Pharma Tax remembers and honours all those who served and sacrificed for our country.

Do you want to increase the profitability of your pharmacy? For pharmacy owners, we're hosting a FREE workshop on November 12th and 19th where you will learn 5 Ways To Maximize the Value of Your Pharmacy. Register here: https://pharmatax.ca/register/... A lot of independents are at 3% to 5% net profits. There are stores who are at negative profitability and don't know why. Yet, many of our top clients are doing 10% to 14% every single year. What are your peers doing that you can use at your store? This is what you'll learn at this workshop, 4 sessions are available to you. For details and registration: https://pharmatax.ca/register/ See you next week!

Are you a pharmacy owner who wants to grow the value of your pharmacy? We're hosting a free workshop for pharmacy owners where you will learn 5 Ways To Increase The Value Of Your Pharmacy. You can choose among 4 session options in November. For details and registration, click here: https://pharmatax.ca/register/... With persistent changes affecting the profitability of pharmacies, what are you doing to remain competitive? If you... 1. Want to improve the profitability of your store 2. Want a better understanding of your own financials 3. Are preparing to sell and want to maximize the value of your pharmacy ...then let's get you registered because spots are limited: https://pharmatax.ca/register/ This is an in-person event only, won't be broadcast online, and is brought to you by Pharma Tax and Whole Health Pharmacy Partners.

A recent study by Sun Life Financial revealed that 59% of working Canadians experienced a mental health issue in 2019 compared to 52% in 2017. The Canadian Payroll Association (CPA) has found that 40% of workers are so financially stressed that their work performance is suffering. But despite the scale of the problem, 60% of respondents said they were not accessing support through workplace benefits even though many employers offer plans that cover mental, as well as physic...al, health matters - and 78% haven’t used government funded services. As a financial services professionals, we talk to people everyday and we find that many employees simply do not read their group benefit booklets so they have no idea what kind of coverage they have. Or, if you don't have group benefits, many just don't know what other resources are available to you. We're happy to discuss this with you and, if you have group benefits, to review your package with you...for FREE. #WorldMentalHealthDay

Today is #WorldMentalHealthDay, a reminder to take care of our minds like we do our bodies. In support, TELUS released a workshop to equip young Canadians with... skills to ensure well-being in our digital world. To read more: http://ow.ly/fteu50wHA1L #SickNotWeak #WMHD2019

There are significant changes to the 2019-2020 flu program! Join Wholehealth's webinar on Oct 9 at 7 PM EDT to learn about the complete #flu program (e.g. initi...al orders, replenishment orders, billing & reimbursement)! Facebook Live: https://www.facebook.com/WholeHealthPP/ or Whole Health Pharmacy Partners Zoom: https://zoom.us/j/537039377, Meeting ID: 537 039 377 #pharmacist Canadian Pharmacists Association Ontario Pharmacists Association Ontario Ministry of Health Alberta College of Pharmacy University Of Waterloo School Of Pharmacy Leslie Dan Faculty of Pharmacy, University of Toronto

A HUGE congratulations to Fora and Tara for opening their store, Optimum pharmacy !!! Based in Newmarket, this pharmacy offers specialty in fertility medication, methadone dispensing, geriatric care, and psychiatric pharmacy. With a Good Doctors walk-in clinic inside, Optimum Pharmacy is your neighbourhood pharmacy and one-stop shop for health and well-being. ... http://optimumpharmacy.ca/ We wish you nothing but success at your pharmacy!!!

The average pharmacist graduates with, from our experience, about $70k-$100K of student debt and pays it off in around 7-10 years. Some pay it off completely in 2-3 years. It all comes down to the financial decisions you make. Any which way you look at it, failing to plan is a plan to fail. We help you prepare this plan, pay less interest, and get that debt paid off as quickly as possible.

Are you starting a pharmacy? Join us on Wednesday, August 21st in Mississauga for a FREE workshop "Starting Your Pharmacy Off Right" Register here: https://pharmatax.ca/tax-workshop When it comes to starting a pharmacy, let’s just say that pharmacy school didn’t exactly prepare you for it.... We’ve helped many pharmacists make the transition to pharmacy ownership. We’ve partnered with BMO Bank of Montreal and Full Contact Marketing for this FREE in-person event where you will learn about how to get business financing for your pharmacy how to manage your accounting & finances, while minimizing taxes and interest costs how to create your brand and build a digital presence that will bring in patients Many pharmacists try to do this all alone to save on costs. We get it. But in the end, most end up paying more in interest, taxes, and fill 1-10 scripts a day (barely). Just because you open your doors, doesn’t mean patients will come. So whether this is your very first pharmacy or your 2nd, 3rd or 12th store or you opened not too long ago and aren’t happy with your script count And you want to start & grow your pharmacy off right Let’s get you registered: https://pharmatax.ca/tax-workshop

So you want to open a pharmacy but you don’t know where to start. You’re not alone.... When it comes to starting a pharmacy, let’s just say that pharmacy school didn’t exactly prepare you for it. We’ve helped many pharmacists make the transition to pharmacy ownership. And on Wednesday July 24th in Markham, we want to invite you to our event Starting Your Pharmacy Off Right Register here for FREE: https://pharmatax.ca/tax-workshop We’ve partnered with BMO Bank of Montreal and Full Contact Marketing for this FREE in-person event where you will learn about how to get business financing for your pharmacy how to manage your accounting & finances, while minimizing taxes and interest costs how to create your brand and build a digital presence that will bring in patients Many pharmacists try to do this all alone to save on costs. We get it. But in the end, most end up paying more in interest, taxes, and fill 1-10 scripts a day (barely). Just because you open your doors, doesn’t mean patients will come. So whether this is your very first pharmacy or your 2nd, 3rd or 12th store or you opened not too long ago and aren’t happy with your script count And you want to start & grow your pharmacy off right Let’s get you registered: https://pharmatax.ca/tax-workshop

This means that our patients will see at least one of us each week, eight times a month, which is really important to give them that feeling of consistency and confidence and to develop loyalty both among existing and new customers, This is what being an independent pharmacy is all about! Brilliant

Happy Canada Day!!!