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联邦 UHT 2026 申报与加拿大住宅物业税务文件整理

Underused Housing Tax (UHT) Canada Guide | Michael Gao CPA

15 July 2026

UHT (Underused Housing Tax) Federal Vacant Housing Tax The Underused Housing Tax (UHT) is a federal tax primarily targeting non-Canadian residents and corporations that own vacant or underused residential properties in Canada.The UHT rate is 1% of the property’s value, and it came into effect on January 1, 2022. How UHT Is Calculated The property value is determined as the greater of either: The government-assessed property value, or The most

Read More »

Principal Residence Exemption Canada: CRA Rules, Capital Gains & Tax Tips | Michael Gao CPA

9 December 2025

Selling Your “Principal Residence” Without Paying Tax? Be Careful! Many homeowners believe that when they buy a property, live in it for a short time, and then sell it as their principal residence, they do not need to pay tax on the profit (capital gain). However, several recent cases have shown that this assumption can be risky. One such case, Wall v. The Queen, involved a dispute over the definition

Read More »

Salary vs Dividend in Canada: How to Minimize Taxes | Michael Gao CPA

9 December 2025

In Canada—a country known for its strict tax regulations—many business owners often face the same confusion:After all the hard work of running a business, when the company makes a profit, how can that profit be converted into personal income?Why can’t funds be directly withdrawn from the company account?How can one access funds with the lowest possible tax burden? Today, we’ll focus on the two most common forms of income—salary and

Read More »

How to Pay CRA Tax Instalments Online in Canada | Michael Gao CPA

6 October 2023

Step-by-Step Guide: How to Pay Your Tax Instalment Online Previously, we introduced how to pay your personal income tax through online banking.Today, we’ll show you how to pay your personal tax instalment using online banking — it’s safe, simple, and worry-free! Example: Using BMO Mobile Banking Log in to your online banking account.At the bottom of the screen, click “Pay & Transfer”, then select “Pay a bill / Pay bills.”

Read More »

Statutory Holiday Pay in British Columbia: Rules, Eligibility & Calculation

28 July 2021

Statutory Holiday Pay in British Columbia (BC) According to the BC Employment Standards Act, eligible employees are entitled to paid statutory holiday pay on official public holidays. There are currently 10 statutory holidays in BC: New Year’s Day Family Day Good Friday Victoria Day Canada Day BC Day Labour Day Thanksgiving Day Remembrance Day Christmas Day Note: Easter Sunday, Easter Monday, and Boxing Day (December 26) are not statutory holidays

Read More »
联邦 UHT 2026 申报与加拿大住宅物业税务文件整理

Underused Housing Tax (UHT) Canada Guide | Michael Gao CPA

15 July 2026

UHT (Underused Housing Tax) Federal Vacant Housing Tax The Underused Housing Tax (UHT) is a federal tax primarily targeting non-Canadian residents and corporations that own vacant or underused residential properties in Canada.The UHT rate is 1% of the property’s value, and it came into effect on January 1, 2022. How UHT Is Calculated The property value is determined as the greater of either: The government-assessed property value, or The most

Read More »

Principal Residence Exemption Canada: CRA Rules, Capital Gains & Tax Tips | Michael Gao CPA

9 December 2025

Selling Your “Principal Residence” Without Paying Tax? Be Careful! Many homeowners believe that when they buy a property, live in it for a short time, and then sell it as their principal residence, they do not need to pay tax on the profit (capital gain). However, several recent cases have shown that this assumption can be risky. One such case, Wall v. The Queen, involved a dispute over the definition

Read More »

Salary vs Dividend in Canada: How to Minimize Taxes | Michael Gao CPA

9 December 2025

In Canada—a country known for its strict tax regulations—many business owners often face the same confusion:After all the hard work of running a business, when the company makes a profit, how can that profit be converted into personal income?Why can’t funds be directly withdrawn from the company account?How can one access funds with the lowest possible tax burden? Today, we’ll focus on the two most common forms of income—salary and

Read More »

How to Pay CRA Tax Instalments Online in Canada | Michael Gao CPA

6 October 2023

Step-by-Step Guide: How to Pay Your Tax Instalment Online Previously, we introduced how to pay your personal income tax through online banking.Today, we’ll show you how to pay your personal tax instalment using online banking — it’s safe, simple, and worry-free! Example: Using BMO Mobile Banking Log in to your online banking account.At the bottom of the screen, click “Pay & Transfer”, then select “Pay a bill / Pay bills.”

Read More »

Statutory Holiday Pay in British Columbia: Rules, Eligibility & Calculation

28 July 2021

Statutory Holiday Pay in British Columbia (BC) According to the BC Employment Standards Act, eligible employees are entitled to paid statutory holiday pay on official public holidays. There are currently 10 statutory holidays in BC: New Year’s Day Family Day Good Friday Victoria Day Canada Day BC Day Labour Day Thanksgiving Day Remembrance Day Christmas Day Note: Easter Sunday, Easter Monday, and Boxing Day (December 26) are not statutory holidays

Read More »
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