Practical tax guidance, clearly explained.
Local stories. Useful answers for your taxes, your work and everyday life.
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Saving & retirement 2 min
The bank kept tax. Why is more still owing?
Understand the gross withdrawal, withholding and year-end tax before using an RRSP for an unexpected expense.
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New to Canada 2 min
The foreign pension arrives net. The return usually starts gross.
Identify the pension, convert the gross income and review treaty relief or foreign tax credits separately.
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Jobs & employment 2 min
Camille hires someone for Fridays
Before the first paycheque, establish employee details, payroll calculations, remittance responsibilities and records.
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Homes & rentals 2 min
A booking confirmation is not a rental permit
Keep permit history with your booking records because local compliance can affect federal expense deductions.
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Saving & retirement 2 min
A better TFSA rate does not require a trip through chequing
Ask for a direct TFSA transfer when changing institutions so a withdrawal and redeposit do not accidentally use contribution room.
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Saving & retirement 3 min
Nadia has an accepted offer. The FHSA withdrawal still needs a check.
Review the home purchase, timing, residency and issuer form before requesting a tax-free FHSA withdrawal.
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