Practical tax guidance, clearly explained.
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Homes & rentals 2 min
The rent went into one account. Two owners still had to report it.
Reconcile the whole property, establish ownership shares and keep the gross and net reporting steps separate.
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Family & everyday life 3 min
Why a change in earnings does not instantly change the CCB
Understand the prior-year income cycle and keep family changes and both partners' tax returns up to date.
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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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Filing & corrections 2 min
Give an accountant access without sharing your login
Use CRA's representative process, verify the identifier and access level, and review the authorization when the work ends.
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New to Canada 2 min
Foreign income before and after becoming resident
Separate resident-period world income, non-resident-period Canadian income and information requested for credits or benefits.
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Working for yourself 2 min
Your bank balance and your profit answer different questions
A $3,200 bank balance can sit beside $4,000 of profit without either number being wrong. Follow the invoices, payments and owner withdrawal.
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