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What Is the Underused Housing Tax (UHT)? The Underused Housing Tax (UHT)  is a federal tax introduced by the Government of Canada to discourage the ownership of underused or vacant residential properties. The tax is generally 1% of the property’s value per year  and applies mainly to certain owners of Canadian residential real estate. However, UHT is often misunderstood . Many people believe it applies only to foreign owners or vacant homes — which is not entirely true . Has

Filing taxes can feel overwhelming. Numbers, forms, deadlines - it’s a lot to handle. That’s where Ke Wang Tax Solutions steps in. They simplify the process, making tax returns straightforward and stress-free. Whether you run a small business or manage a family budget, understanding their services can save you time, money, and headaches. Why Choose Ke Wang Tax Solutions? When it comes to taxes, accuracy and expertise matter. Ke Wang Tax Solutions offers personalized support

Best Business Tax solution in Toronto

Where can I file personal income tax returns in Toronto? Tax season can feel overwhelming. But what if I told you filing your taxes doesn’t have to be a headache? With the right approach, you can file personal taxes quickly and confidently. I’m here to guide you through the process step-by-step, making it simple and stress-free.

Keeping your books in order is non-negotiable. Accurate accounting helps you track income, expenses, and profits. It also prepares you for tax season and financial planning.

You can simply download our tax return T776 template from our free template bank or receive it automatically after submitting the online tax return form. Chinese and English are supported. If you earn rental income from property in Canada, you must report it on Form T776 – Statement of Real Estate Rentals . At Kewang Professional, we’ve created a clear Excel template to simplify this process. Whether you rent out a condo, house, basement suite, or Airbnb, this guide will wa

✅ Final Checklist Before Filing All income entered (before HST if applicable) All expenses recorded with receipts Home office calculation completed Vehicle log completed and business use % calculated HST amounts are correctly separated (if applicable) Totals are accurate and cross-checked 🔁 Key Differences Between the Two Templates Feature Without HST / Quick Method With HST Sales Enter total sales without HST Enter sales before HST Expenses Enter full cost including tax Spl

How to avoid receiving various letters from the CRA in the future? Remember to do these three steps before leaving the country for peace of mind! Many friends often receive letters unexpectedly after leaving Canada: 👉 "Why am I still being asked to file taxes even though I've already left?" 👉 "Why did I receive a tax notice?" 👉 "I don't live here anymore, do I still need to file taxes?" To avoid these troubles, simply do these three things carefully before leaving the coun

When CRA asks for additional documents, what they truly want is supporting evidence to verify the income or deductions you claimed. Below are the 10 most common items CRA asks taxpayers to provide — and what they really expect to see

Discover deductible business items to buy during Black Friday & Boxing Day. Fill our form for a personalized shopping list tailored to your business!

November is Financial Literacy Month​ This year marks the 15th anniversary of Financial Literacy Month (FLM) in Canada. Since 2011, FLM has helped Canadians strengthen their financial knowledge and skills with the goal of improving their financial well-being. Led by the Financial Consumer Agency of Canada (FCAC), the campaign supports the National Financial Literacy Strategy 2021–2026. Each November, FCAC works with partners across sectors to promote financial literacy throug

Starting and running a small business or managing family finances can feel like navigating a maze. Taxes, accounting, and financial planning often seem complicated and overwhelming. But what if you had a trusted partner to guide you through every step? That’s where Canadian business services come in. They offer clarity, support, and strategies tailored to your unique needs. Let’s explore how these services can transform your financial journey. Why Canadian Business Services M

[Real Case] ​​Xiaoli is an international student pursuing a master's degree in Toronto. Her parents send her 20,000 to 30,000 Canadian dollars annually from China to cover rent, tuition, and living expenses. One day, Xiaoli's bank suddenly called, saying her account had received a remittance of over 10,000 Canadian dollars from overseas and she needed to provide "proof of the source of funds," otherwise her account would be frozen. Xiaoli panicked immediately, thinking the mo

Managing money can feel overwhelming. Whether you run a small business or manage a family budget, keeping your finances in order is crucial. That’s where financial accounting services come in. They help you track, analyze, and plan your financial future with confidence. But what exactly does an accountant do? And how can their expertise benefit you? Let’s dive in. Why Financial Accounting Services Matter Financial accounting services are more than just number crunching. They

To reflect the 1% cut in the lowest tax rate coming into effect halfway through the year, the full-year tax rate for 2025 will be 14.5%. This means that for payroll withholding from the first pay in July to the end of the year a tax rate of 14% will apply. Check out the tax rates of Ontario, Alberta, British Columbia, and the federal government on the same page.

Got a shocking bill from CRA? learn how to deal with a large fine from CRA.

Every October, the overseas income tax audit season arrives on time! What should you do if you encounter a tax audit? Many people panic when they receive a letter from the CRA for the first time: "Haven't I already filed my taxes? Why are they still checking me?"

How to deal with a large fine from the CRA? The consequences of not properly closing your business are severe! teach you how to solve CRA bills and find out why! remember If your company no longer intends to operate, don't just leave it alone; you should officially dissolve it.