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New to Canada 2 min
Samira cannot use every TFSA year since she turned 18
Start with years of Canadian tax residency and age eligibility, then subtract actual contributions across all TFSAs.
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Working for yourself 2 min
Check the registration for the transaction date
Use the official registry with the supplier's name, first nine digits and transaction date, then retain the result with the invoice.
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Filing & corrections 3 min
Put CRA on the moving checklist
Update home and mailing details, keep the effective date and check related accounts without assuming mail forwarding updates tax records.
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Working for yourself 2 min
One bill, two uses
Document commercial use, then apply the rule for that type of purchase. The income-tax percentage is not always the ITC percentage.
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Working for yourself 2 min
No sales did not mean no return
Camille closes the workshop for a quiet month and checks the HST account before assuming there is nothing to file.
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Working for yourself 2 min
A US-dollar invoice needs more than a dollar sign
Keep the invoice currency, conversion date, rate source, payment and fees visible. A worked example explains why the net deposit can be misleading.
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