About Jiayue Tax & Financial Planning Jiayue Tax Planning is jointly provided by Michael Gao CPA Inc. and its affiliated firm, Citistar Wealth Management. Together, we combine our professional expertise to serve every client. With our knowledge and experience, we help empower your success. If you plan to invest in Canadian real estate, don’t miss this guide on how non-residents pay taxes when selling property in Canada. Under Canadian tax […]
About Jiayue Tax & Financial Planning Jiayue Tax Planning is jointly provided by Michael Gao CPA Inc. and its affiliated firm, Citistar Wealth Management, combining expertise from both fields to serve every client. With our professionalism, we help power your success. If you are interested in the reporting of foreign assets, you definitely should not miss this article! First question: Do all foreign assets need to be reported? Under […]
Due to current uncertainties such as vacancy tax, speculation tax, and financial pressure during the pandemic, many developers and homebuyers wish to add clauses that allow them to delay closing or even walk away from a deal. Many buyers are also looking to assign their purchase contracts to new buyers. This practice is commonly referred to as the assignment of a pre-sale condo contract. To clarify the tax implications of […]
1. It Is a Life Insurance Policy When the insured person passes away, the designated beneficiary — a family member, business, or charity — receives the insurance benefit payout. 2. It Provides Lifetime Protection No matter the insured amount, the coverage is guaranteed to remain effective for life. Premiums are fixed at the time of purchase and will not increase as the policyholder ages. 3. It Helps You Build Wealth […]
Only properties located in the City of Vancouver may be required to declare and pay the Vacancy Tax. Properties located anywhere in British Columbia (BC), including Vancouver, may also be required to declare and pay the Speculation and Vacancy Tax. Therefore, properties in Vancouver may require two separate declarations: one for the City Vacancy Tax and another for the BC Speculation Tax. In addition, Vancouver property owners pay property tax […]