Practical tax guidance, clearly explained.
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Working for yourself 2 min
A US-dollar invoice needs more than a dollar sign
Keep the invoice currency, conversion date, rate source, payment and fees visible. A worked example explains why the net deposit can be misleading.
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Homes & rentals 3 min
The home sale was exempt. It still belonged on the return.
Keep the closing documents and ownership history even when you expect the principal residence exemption to cover the gain.
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Saving & retirement 4 min
Too much went into the RRSP. Start with the dates.
Reconstruct dated contributions before calculating an RRSP excess or choosing how to remove it.
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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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Family & everyday life 3 min
Medical receipts do not have to follow January to December
Compare eligible paid expenses across a 12-month period ending in the tax year, with reimbursements and prior claims removed.
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Working for yourself 2 min
No sales did not mean no return
Camille closes the workshop for a quiet month and checks the HST account before assuming there is nothing to file.
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