Plain-language guides to the British Columbia rules that law firms, clinics and property owners ask about most.
For BC law firms
BC Law Firm Trust Accounting: Records, Reconciliations and Reporting
Records, monthly reconciliations, paying fees from trust and reporting shortages under the Law Society of BC rules.
Law Society of BC Trust Report: Deadlines and the Accountant's Report
Who files, the three-month deadline, self report versus accountant's report and what late filing costs.
For clinics, health practitioners and employers
BC Employer Health Tax: A Guide for Clinics and Law Firms
The $1 million exemption, how the tax phases in, associated employers and the March 31 return.
GST for BC Health Practitioners and Clinics: What Is Exempt
Exempt versus taxable services, limits on input tax credits and the 2025 change for dentists.
For property owners
Underused Housing Tax: Repealed for 2025, Earlier Years Still Count
The federal tax is gone from 2025, but 2022 to 2024 returns and penalties can still apply.
BC Speculation and Vacancy Tax vs Vancouver Empty Homes Tax
A provincial and a municipal filing for Vancouver owners, with different deadlines.
Guides reflect rules reviewed October 30, 2026 and are general information, not legal or tax advice.
Talk to HJ Wu & Company Inc.
Phone: 604-636-1862
Email: inquiry@hjwucpa.com
512 - 938 Howe Street, Vancouver
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Frequently Asked Questions
Quick answers about HJ Wu & Company Inc. and how the firm can help. See all FAQs
HJ Wu & Company Inc. offers law firm accounting that covers everyday bookkeeping, financial statements, tax filings and trust account work, using the software your firm already runs. The team understands the fiduciary side of legal practice and keeps client records secure. If you want an accountant who already knows how law firms work, contact HJ Wu & Company Inc.
Yes. HJ Wu & Company Inc. handles the bookkeeping, payroll, tax preparation and financial reporting for healthcare practitioners and clinics, so doctors and dental professionals can spend their time on patients instead of spreadsheets. The firm keeps your records compliant, organized and easy to understand. Contact HJ Wu & Company Inc. to take the number-crunching off your plate.
Yes. If you own residential property in Vancouver or elsewhere in BC, HJ Wu & Company Inc. can help work out which filings apply: the City of Vancouver Empty Homes Tax (EHT) and the BC Speculation and Vacancy Tax (SVT) continue every year. The federal Underused Housing Tax (UHT) was repealed for 2025 and later years, but returns and penalties for 2022 to 2024 can still matter. Contact HJ Wu & Company Inc. before a deadline passes.