Practical tax guidance, clearly explained.
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Saving & retirement 2 min
A TFSA excess can cost tax even if it lasts only a few days
Find the highest excess in each affected month, stop further excess deposits and check the separate TFSA return.
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Working for yourself 2 min
I remembered the chair. I forgot the kilometres.
A fabric pickup sent Camille looking for a receipt that could not tell her how far she had driven. A practical logbook example for a sole proprietor.
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New to Canada 2 min
Build the first Canadian tax folder before the slips arrive
Collect residency dates, worldwide income details, family information and arrival-date asset values for a useful first-return file.
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Homes & rentals 3 min
Before the first tenant moves in, document the change of use
Record the conversion date and property value, then review deemed-disposition rules and any available election.
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Homes & rentals 3 min
The rent was paid. Sophie still needed one slip.
Find the housing details that belong in a Quebec solidarity-credit claim, including a missing RL-31, roommates and a move during the year.
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Homes & rentals 3 min
A contractor's invoice can contain two different tax treatments
Separate routine restoration from lasting improvements and preserve the details behind each classification.
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