Practical tax guidance, clearly explained.
Local stories. Useful answers for your taxes, your work and everyday life.
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132 articles · 7 / 22
Family & everyday life 3 min
Moving in together can change the CRA file before a wedding
Use the tax definition and effective date for marriage, common-law status or separation, and report the change on time.
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Saving & retirement 2 min
Moving an FHSA balance to an RRSP
A qualifying direct FHSA transfer can preserve tax deferral without using RRSP room; a cash withdrawal and new deposit are different.
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Jobs & employment 2 min
The move was 40 kilometres. Was it close enough?
The distance test compares each home with the new work location, not simply the distance between your old and new homes.
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Working for yourself 3 min
Laurence checks both instalment accounts
Apply the $1,800 tests separately, choose a calculation method and send each income-tax instalment to the correct account.
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Saving & retirement 2 min
One RESP payment, two kinds of money
Identify the taxable education assistance payment separately from returned contributions when using an RESP for school.
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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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