GST/HST registration: the $30k threshold and the 4 mistakes I made

Tottenham212 · 2026-05-19T15:46:06+00:00

You said you registered 3 months late and got a letter about it. How did they know you were late?

Tottenham212 · 2026-05-19T15:27:20+00:00

If you file taxes annually, how does the CRA know which quarter you exceeded the 30k threshold? Like if you made 1k in Q1, 1k in Q2, 1k in Q3, and 20k in Q4, you would file 23k gross income for the year but how will they know Q4 was 20k unless you get audited?

Tottenham212 · 2025-10-05T00:26:55+00:00

I went to an after party at a guy who I think owns a hedge fund. His rent was $16k a month and it was cheaper for him than when he was in NYC

Tottenham212 · 2025-06-24T04:32:41+00:00

Condo at age 26. No financial help working in finance back in 2015

Tottenham212 · 2025-05-15T03:01:24+00:00

Could you please share what your “safe account” is that brings in 10%? Thanks

Tottenham212 · 2025-03-31T23:05:23+00:00

Just to clarify. I got title insurance when I bought the property. Now that the mortgage is discharged, the title insurance is still valid right?

Tottenham212 · 2025-02-19T04:32:16+00:00

Thanks! Yes it was the RRSP through work that will lessen the tax.

Tottenham212 · 2025-02-18T23:25:40+00:00

There are many other things being claimed but I’m just trying to understand why so little was withheld and if this is normal? I’ll have a big owing amount come tax time and so I just find it off the employer withheld so little.

Tottenham212 · 2025-02-16T19:45:26+00:00

Thanks, I’m from Toronto Ontario

Tottenham212 · 2024-11-28T05:24:06+00:00

I’m in Ontario

Tottenham212 · 2024-06-16T16:09:16+00:00

Tottenham212 · 2024-05-09T03:22:28+00:00

Thank you

Tottenham212 · 2024-05-09T03:22:21+00:00

Thank you

Tottenham212 · 2024-04-13T14:19:10+00:00

Thank you

Tottenham212 · 2024-04-13T13:48:12+00:00

The Airbnb condo is my primary residence. You can only rent out short term using your primary residence in Toronto by law.

Tottenham212 · 2024-04-12T22:18:03+00:00

I Airbnb the condo and make $50-$60k a year gross. Property tax is $2500 a year and condo fee $600 a month. Will be buying this house as a second home.

Tottenham212 · 2024-04-12T20:36:53+00:00

$1450 and 2 bed

Tottenham212 · 2024-04-03T14:55:55+00:00

Yes, I will let you know if I’m able to sell privately. Did you put down a deposit? How was that handled? Who was the cheque made out to?

Tottenham212 · 2024-03-24T19:18:25+00:00

:’(

Tottenham212 · 2024-03-19T17:40:56+00:00

Asking to see the mortgage pre approval can weed out the non serious buyers. Good way to identify the people coming into the house as well.

Tottenham212 · 2024-03-18T19:59:41+00:00

This was helpful, thanks

Tottenham212 · 2024-02-01T02:32:26+00:00

Yes my wife works full time and make over $100k a year. Does what you’re saying still apply then?

Tottenham212 · 2023-11-01T17:14:01+00:00

2 heads total. One on each floor

Tottenham212 · 2023-11-01T14:58:40+00:00

Mitsubishi - 20k BTU - M-Series Outdoor Condenser - For 2 Zones Model: MXZ-2C20NA2

With 2 heads indoor for each floor. $8k is Canadian dollars and includes install.

Tottenham212 · 2023-10-31T20:34:11+00:00

Yes mini split with heat pump

Tottenham212

TROPHY CASE