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About
Ke Wang CPA
Ke Wang (Christina) CPA Professional Services is a Toronto based professional accounting firm, that has been proudly serving GTA clients for over 10 years. Our clients are coming from multiple industries; including financial services, construction, retail, real estate, IT consulting, and many others. Our goal is to help our clients better understand their financial position and well-being of their business operations. We are committed to providing competent and reliable services; striving for the highest quality of work at an affordable and highly competitive pricing. As Certified General Accountants, we do more than just the number crunching.
FAQs
Q: What expenses can be used to deduct from Income tax?
A: You can deduct any expenses related to the operations of your business, such as rent, utilities, gas, meals, travel, advertising, etc. More FAQs...
, Q: I own a rental property, can I chose to not report to the CRA?
A: According to the Canadian Income tax act, Canadian non-residents must file income tax return for their Canadian source of income. If you fail to report rental income to the CRA, you will experience difficulties when disposing of that particular property in terms of inability obtaining the certificate of compliance; and you will be required to remit all past dues including the interest. More FAQs..., Q: Do I need to register for a GST/HST account?
A: You are required to register for a GST/HST account when your business income exceeds the $30,000 threshold amount in four consecutive calendar quarters; you may choose to register voluntarily if you provide taxable supplies in Canada. You cannot register for a GST/HST account if you only provide exempt goods and services. More FAQs..., Q: When is your individual tax return due?
A: For personal tax purposes, all Canadian residents are required to file their returns and submit it to the Canada Revenue Agency no later than April 30th of each calendar year. For Self-employed individuals, you have to send in your tax return no later than June 15th of each calendar year. More FAQs..., Latest
From Blog
2022 Payroll tax Frequence mail from CRA
It’s almost the end of the year now, CRA is also preparing for the 2022 tax year by sending out reminders. You might have recently received a letter from CRA regarding your payroll account. The purpose of this letter is to have you remit your payroll tax on time. If your company have a large change in payroll, please note
Double-Entry System and Why It Is Advisable for Businesses to To Tax Plan Early
Having filed their personal income tax returns, many people believe that the tax season for 2021 has drawn to a close. Well, that is if you do not run a business. In Canada, you can run a business by owning a corporation, or by being self-employed, each of which has its unique perks and flaws. While incorporation has many
Disposition of Capital Property
What tax rules apply when disposing of a capital property? To answer the question, we should first address what is considered a capital property as per the CRA. In Canada, common types of capital property include cottages, buildings, land, equipment to operate businesses, and securities such as bonds or stocks. In general, capital property consists of depreciable property –
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Ke Wang CPA
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Ke Wang CPA
Phone: +1 416-551-5550 / +1 416-456-2225
Email: info@cwcga.com