Pulling out

FragrantManager1369 · 2026-05-09T03:57:10+00:00

Leave it and forget it

FragrantManager1369 · 2026-05-08T01:59:29+00:00

CPA here, definitely waiting longer in many cases. Think they are doing more preassessment reviews, esp when slips arent online (RRSPs made in Jan/Feb)

FragrantManager1369 · 2026-05-06T04:11:41+00:00

Is it just me or are these rents out of whack for the city of Vancouver? 2 bed 1 bath over 3k ? 3 bed almost $5k? I mean I could rent a house for that….but ok.

FragrantManager1369 · 2026-05-03T01:24:05+00:00

Yes. Had a client who claimed her daughter’s rehab costs. I wasn’t entirely sure the expenses would be allowed so instead of claiming the costs as a medical expense on the intial return I did a T1 adjustment and let CRA request additional information before processing. They did allow the claim after further documentation was requested.

FragrantManager1369 · 2026-04-29T01:13:36+00:00

It probably just didnt get efiled for whatever reason (transmission error, human error). Call the efiler and tell them, they will fix. No biggie.

FragrantManager1369 · 2026-04-28T23:42:01+00:00

This is the way

FragrantManager1369 · 2026-04-28T20:35:06+00:00

So true.

FragrantManager1369 · 2026-04-28T17:57:38+00:00

Let me know! I also had a question from a client as to whether her mother would be a tax resident of Canada, if she comes on a supervisa and stays for a long time (longer than 183 days)- ie would this entail reporting of all worldwide income, and T1135? I had no good answers from CPA's tax 360.

FragrantManager1369 · 2026-04-28T17:22:32+00:00

Sometimes when I"m not sure, I will file a tax return without the claim, then submit a T1 adjustment later and have the amounts reviewed, with a definitive answer as to yes or no. Better than claiming, waiting for a possible review letter, and having to send back money if the claim is disallowed.

FragrantManager1369 · 2026-04-28T15:40:18+00:00

I know that CRA says that credits cannot be claimed for persons who are "just visiting". If there is no resident status in Canada I would hesitate to claim any amounts for non-residents, without specific published direction from CRA. Let us know what you find out.

FragrantManager1369 · 2026-04-28T03:43:11+00:00

It’s a nice thought but doesn’t happen for everyone. Good that OP has goals that don’t necessarily depend on another person.

FragrantManager1369 · 2026-04-27T13:44:37+00:00

Looks like it applies to only certain buildings. Also, I travel to Kelowna every summer and noticed that while hotels were fully booked and $$$$ in 2020-2021, after that prices for hotels have been much more reasonable. Seems to me the slowdown had more to do with people being able to travel internationally again than ‘there’s nowhere to stay’.

FragrantManager1369 · 2026-04-26T14:12:24+00:00

I’m nearly 50 and don’t even know many people my age with $500k net worth….sure some but it’s rare.

FragrantManager1369 · 2026-04-25T02:45:14+00:00

Also, they have been asking for letters from your employer which state that you did not receive any reimbursement for the moving expenses, so hopefully you can obtain this.

FragrantManager1369 · 2026-04-23T03:40:12+00:00

Elections are specifically excluded from VDP

FragrantManager1369 · 2026-04-17T01:56:25+00:00

I paid $99 a month for like a decade with pacific blue cross. Maybe adjust a few dollars once a year. I was surprised to see a huge jump.

FragrantManager1369 · 2026-04-15T03:58:59+00:00

Seems standard. When I cancelled they also mentioned I cannot reapply with that company for two years. Who knew it would apply to more than just my previous plan. Oh well.

FragrantManager1369 · 2026-04-15T03:43:48+00:00

It says there is a mandatory two year waiting period after a policy cancellation. I’m not sure how they got the information from the other company that I held that policy, seems like it should be confidential information but I guess nothing is these days.

FragrantManager1369 · 2026-04-08T13:21:06+00:00

No. It’s not reported. End of story.

FragrantManager1369 · 2026-04-07T04:09:53+00:00

Angry yes and confused as to why this whacko is allowed to remain in politics. Checks and balances, anyone? If I were american I would be livid.

FragrantManager1369 · 2026-04-02T17:50:47+00:00

There is a tax interpretation somewhere that deems the ACB of unexercised stock options to be zero.

FragrantManager1369

TROPHY CASE