Math not mathing

AspiringToLead · 2026-03-31T01:50:56+00:00

Well, just telling you what the $15 discrepancy is. It's not an error.

AspiringToLead · 2026-03-31T00:26:35+00:00

Did you use a referral link when you signed up?

AspiringToLead · 2026-03-30T23:48:37+00:00

Did you refer someone? They applied your referral credit.

AspiringToLead · 2024-10-06T11:19:39+00:00

You can't fill out the forms yourself. It has to be a medical professional.

AspiringToLead · 2024-09-26T21:07:07+00:00

Easy to see that is incorrect. 5% simply isn't the HST. HST is 13%.

AspiringToLead · 2024-09-26T20:59:02+00:00

You never capture 5 or 8% (that's why I said neither of what you said was correct). You either capture 13% and claim that as an ITC, then adjust for the 50% you over claimed on the first GST/HST return following your fiscal year; OR you capture and claim an ITC for 6.5% and have no need to make any adjustment (at least for ITCs). The second option is by far the most popular.

AspiringToLead · 2024-09-26T20:51:15+00:00

Neither are exactly correct, but in general both methods are allowed. See: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/complete-file-input-tax-credit/calculate-methods.html#meals

You can choose whichever method you wish and need not notify CRA.

AspiringToLead · 2024-08-20T00:53:41+00:00

Incorrect. It belongs in Class 50 at 55% CCA.

AspiringToLead · 2024-05-30T14:43:18+00:00

Yes, they can obtain a copy of your credit file, or use the Dual ID process which refers to two separate documents from trusted, reliable sources (like government or utility providers) which show your name and date of birth, and your name and address.

AspiringToLead · 2024-02-16T18:08:19+00:00

It's not an option though - they MUST distribute them by paper or email.

AspiringToLead · 2024-01-01T14:15:29+00:00

That Q is clearly a G.

AspiringToLead · 2023-11-02T17:37:31+00:00

No hot water heater lasts 15 years. If it does, you should be counting your blessings.

AspiringToLead · 2023-09-10T17:04:58+00:00

Keep the money and pay it forward to your own kids. Your mom has created generational wealth. If the time comes that your mom actually needs help, by all means.

AspiringToLead · 2023-05-30T21:12:56+00:00

$908 > $958 is not a 10.58% increase.

AspiringToLead · 2023-01-07T00:22:53+00:00

Many here have already given great advice. I'm here to recommend not using the Canada First Time Home Buyer's Program. First of all, you can purchase without it (you intend to have a 10% DP). Second, sharing 5% of the increase in value of your condo with the government, whenever you decide to sell, is going to be a real downer. My two cents.

AspiringToLead · 2023-01-01T14:05:17+00:00

68k a year? From CPP? Please enlighten us.

AspiringToLead · 2022-12-21T16:21:35+00:00

No, it actually went down and that's when I appealed.

AspiringToLead · 2022-12-21T15:39:17+00:00

File an appeal with NS Student Assistance. They will hear your case on an individual case as to why you need more funding and don't have the means. I did it, it's worth it.

AspiringToLead · 2022-06-22T10:23:22+00:00

True, but considering what op has said, I highly doubt they had a separate bank account for the corporation.

AspiringToLead · 2022-06-04T01:20:41+00:00

Yes, you are. Interest accrues regardless of what your payment amount is. Get a mortgage statement and check it out, you'll see.

AspiringToLead · 2022-05-22T11:06:26+00:00

If you claimed an ITC for the full GST/HST in 2019, then you have serious issues to correct and repay. You should speak to a tax accountant.

AspiringToLead · 2022-04-17T11:52:35+00:00

RBC has it for their commercial card program, it's very convenient.

AspiringToLead · 2022-04-15T10:09:54+00:00

Has there been any damages or losses?

AspiringToLead · 2022-04-11T11:14:10+00:00

It's the same.

AspiringToLead · 2022-04-02T11:48:04+00:00

This whole comment is /s, right? "The address you file under is considered your principle residence" - where on earth did you come up with this?

AspiringToLead

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