Practical tax guidance, clearly explained.
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Saving & retirement 2 min
The pension arrived without a tax deduction
Estimate the tax on all retirement income, then decide whether to request deductions from CPP or OAS payments.
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Working for yourself 2 min
Zero-rated and exempt are different categories
Both can show no tax charged, but the input tax credit and registration consequences are different.
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Family & everyday life 3 min
One transfer, two kinds of support
Separate child support from qualifying spousal support, reconcile actual payments and check arrears before completing the tax return.
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New to Canada 2 min
Before leaving Canada, save the records you cannot recreate easily
Prepare a departure file covering residential ties, dated asset values, income periods and Canadian account notifications.
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Working for yourself 2 min
Registering before the threshold is a business decision
Compare customer pricing and eligible purchase taxes with the ongoing filing duties before registering as a small supplier.
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New to Canada 2 min
The $100,000 foreign-property test is not an income exemption
Check the combined cost of specified foreign property and keep income reporting separate from the T1135 filing test.
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