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
Before withdrawing from a spousal RRSP, check three calendar years
Recent contributions can cause a spousal RRSP withdrawal to be taxed to the contributor rather than entirely to the account holder.
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Family & everyday life 3 min
The job changed. The drug coverage had its own dates.
Check group-insurance dates, RAMQ enrolment and exemptions before calculating a Quebec drug-plan premium on the tax return.
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Working for yourself 2 min
What your HST invoice needs to explain
Use a complete invoice template and check the current $100 and $500 documentation bands for customer input tax credits.
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Saving & retirement 2 min
The word "pension" does not settle the credit
Match each payment to the CRA eligibility chart before claiming the federal non-refundable pension income amount.
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Saving & retirement 2 min
The RRIF minimum is a withdrawal rule, not a tax exemption
Check the opening value, age basis and payment schedule, then plan tax separately from the required withdrawal.
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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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