Practical tax guidance, clearly explained.
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Family & everyday life 3 min
The work premium starts with the household numbers
Check the income and family information behind Quebec's work premium, then reconcile any advances without counting the credit twice.
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Working for yourself 2 min
An input tax credit starts with the purchase
A practical sequence for checking registration, commercial use, tax, documentation and the reporting period before claiming an ITC.
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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
A US client is the start of the HST question
Identify the customer, the exact service and the applicable export provision before treating a foreign invoice as zero-rated.
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Saving & retirement 2 min
Pension splitting starts with the type of pension
Compare both returns and allocate the related withholding consistently when electing to split eligible pension income.
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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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