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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 »

Canada Foreign Asset Reporting (T1135) Explained｜$100,000 Threshold, Deadlines & Penalties

9 December 2025

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

Read More »

Assignment of Pre-Sale Condo Contracts in Canada｜Income Tax, GST/HST & CRA Audit Risks

9 December 2025

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

Read More »

What Is Participating Whole Life Insurance｜Benefits, Dividends, and Tax Advantages

9 December 2025

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

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 »
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 »

Canada Foreign Asset Reporting (T1135) Explained｜$100,000 Threshold, Deadlines & Penalties

9 December 2025

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

Read More »

Assignment of Pre-Sale Condo Contracts in Canada｜Income Tax, GST/HST & CRA Audit Risks

9 December 2025

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

Read More »

What Is Participating Whole Life Insurance｜Benefits, Dividends, and Tax Advantages

9 December 2025

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

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 »

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