BK Tax & Real Estate Inc.

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BK Tax & Real Estate Inc. Expert tax services for individuals and corporations. Maximize refunds, and minimize liabilities. Comprehensive tax planning, filing, and compliance.

Trustworthy guidance to optimize financial outcomes.

📢 GST/HST TIP FOR BUSINESS OWNERS 💰Did you know you could be missing out on valuable GST/HST refunds?Here are some impor...
07/30/2026

📢 GST/HST TIP FOR BUSINESS OWNERS 💰

Did you know you could be missing out on valuable GST/HST refunds?

Here are some important ITC (Input Tax Credit) rules:

✅ Claim GST/HST paid on eligible business expenses such as:
• Inventory
• Computers & Equipment
• Office Furniture
• Business Supplies

🆕 New GST/HST Registrants
If you owned business inventory or equipment before registering and still use it in your business, you may be able to claim the GST/HST paid on those items.

❌ You CANNOT claim GST/HST on services that were completed before your GST/HST registration, such as:
• Accounting
• Legal Fees
• Consulting
• Repairs

🏢 Prepaid Rent
If you prepaid rent before registering, you can only claim the GST/HST for the period after your registration date.

⏳ Forgot to claim an ITC?
Most small businesses have up to 4 years to claim missed GST/HST credits.

💡 Proper ITC claims can save your business hundreds or even thousands of dollars.

📞 Need help with GST/HST, Bookkeeping, or Corporate Taxes?

BK Tax & Real Estate Inc.
📱 WhatsApp: (647) 559-9219
📧 [email protected]
🌐 www.bktaxes.ca

Your Success Is Our Business

🤝 BK Tax & Real Estate × SSR Auto Repair & Collision Service 🚗We’re excited to announce our partnership with SSR Auto Re...
01/05/2026

🤝 BK Tax & Real Estate × SSR Auto Repair & Collision Service 🚗

We’re excited to announce our partnership with SSR Auto Repair & Collision Service 🎉

🎁 EXCLUSIVE OFFER
👉 Get 20% OFF auto repair & collision services
📌 When referred by BK Tax & Real Estate

✔ Paint & Collision Repair (Lifetime Warranty)
✔ Mechanical Work & Oil Change
✔ A/C Repair & Tire Services
✔ Tinting & Detailing
✔ All Insurance Companies Approved

📍 Scarborough, ON
📞 647-514-4821 | ☎ 416-690-2424

📢 Important:
Mention BK Tax & Real Estate reference at booking to receive the discount.

🚗✨

Happy New year 🥳
01/02/2026

Happy New year 🥳

01/02/2026

Mortgage Successfully Completed!
Congratulations to our valued client on the successful mortgage completion for:
📍 1346 Peoples Rd, Sault Ste. Marie, ON – P6C 3W8
Another smooth and stress-free closing delivered ✔️
From application to approval, we made it happen with the best guidance and support every step of the way.
If you’re planning to buy, refinance, or renew, we’re here to help you secure the right mortgage with confidence.
Contact BK Tax & Real Estate
Mortgages • Real Estate • Tax & Accounting
🇨🇦 Savvy in Real Estate • Genius in Taxes

Worker Misclassification – Budget 2025 Update Budget 2025 targets employers who wrongly classify employees as contractor...
12/22/2025

Worker Misclassification – Budget 2025 Update

Budget 2025 targets employers who wrongly classify employees as contractors to avoid CPP, EI, and tax obligations — an issue common in the trucking industry.

What’s changing:

$77M for CRA enforcement + ongoing funding

Crackdown on personal services businesses

Mandatory fee reporting returns for trucking

CRA sharing data with ESDC

Goal: better compliance, fair taxes, and stronger worker protections.

Employers & contractors should review classifications now to avoid penalties.

CRA Filing Deadlines – Important Reminder for Businesses & ContractorsMake sure you’re filing your year-end slips on tim...
12/03/2025

CRA Filing Deadlines – Important Reminder for Businesses & Contractors

Make sure you’re filing your year-end slips on time to avoid penalties and keep your business fully compliant. Below are the key deadlines you need to know:

📄 T5 – Statement of Investment Income
Due February 28. If this date falls on a weekend, the deadline moves to the next business day.

👔 T4 – Statement of Remuneration Paid
Due February 28 following the calendar year.

📑 T4A – Pension, Retirement, Annuity & Other Income
Due February 28 following the calendar year.

🏗 T5018 – Statement of Contract Payments (Construction Industry)
Due 6 months after the end of the reporting period (calendar year or fiscal period) selected by the payer.

Staying ahead of these deadlines ensures smooth compliance and avoids costly penalties.
If you need help preparing or filing any of these slips, we’re here to assist.

BK Tax & Real Estate Inc.
Your One-Stop Solution for Taxes • Accounting • Payroll • Compliance

11/29/2025

Helping Newcomers Become Homeowners

Alhamdulillah, another first-time home buyer and newcomer family successfully purchased their home in Ajax.

We managed the full process:
• Home search and offer
• Mortgage approval
• Lawyer and closing
• Tax planning

If you are a newcomer or first-time buyer, I can guide you through the entire process.
Feel free to reach out anytime.

BK Tax & Real Estate Inc.
Real Estate • Mortgages • Taxes • Insurance • Investments • Construction

Director Loan from a Corporation (CRA Rules)Yes, a director can take a loan from their corporation — but CRA has strict ...
11/14/2025

Director Loan from a Corporation (CRA Rules)
Yes, a director can take a loan from their corporation — but CRA has strict conditions.

✔️ Must have a written loan agreement
✔️ Must charge 3% interest
✔️ Must have a clear repayment plan
✔️ Must repay within 1 year after the corporation’s year-end

If not repaid on time, CRA will treat the loan as personal income and tax it.

Address

106-1401 O'Connor Drive
Toronto, ON
M4B2V5

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 12pm - 5pm
Sunday 12pm - 5pm

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