Health services are HST exempt
correction:
Massage therapy is taxable. Psychotherapy only became exempt on 20 June 2024. And any exempt service becomes taxable when supplied for a non-health purpose
anchors:
anchors note:
EXM-H03, EXM-H04, EXM-H06
Commonly stated wrong
12 statements that circulate as fact, with what is actually true and where that comes from.
Financial advisors don't charge HST
correction:
Commissions are exempt; planning fees and portfolio management fees are taxable. Trailing commissions become taxable with enforcement from 1 January 2028
anchors:
anchors note:
EXM-F02 to EXM-F05
Keep receipts over $30
correction:
The first threshold is $100, with a second tier at $500, for purchases from 20 April 2021. The $30/$150 tiers still govern purchases before that date — relevant on any 2021 catch-up file
anchors:
ITC-01
anchors note:
ITC-01
Label it a reimbursement and it isn't taxable
correction:
CRA rejects this explicitly. Agency has to exist in fact, and the bookkeeping is treated as evidence
anchors:
TIM-05
anchors note:
TIM-05
Holdbacks defer the HST
correction:
Only where required by law or by a written real-property contract. A voluntary holdback does not
anchors:
TIM-06
anchors note:
TIM-06
Immediate expensing lets you write it off
correction:
Expired — and the CCPC deadline (available for use before 2024) was a year earlier than the unincorporated one
anchors:
TAX-08
anchors note:
TAX-08
Non-profits don't file anything
correction:
An incorporated NPO files a T2 regardless of tax payable, and may also owe a T1044 — permanently, once triggered
anchors:
NPO-01,NPO-02
anchors note:
NPO-01, NPO-02
Nova Scotia is 15%
correction:
14% since 1 April 2025
anchors:
ANN-01
anchors note:
ANN-01
Cite RC4110 for contractor status
correction:
Cancelled January 2026
anchors:
PAY-01
anchors note:
PAY-01
Self-employed people have until 15 June to pay
correction:
Filing is 15 June; payment is still 30 April
anchors:
TAX-03
anchors note:
TAX-03
A deposit and a retainer work the same way
correction:
Opposite results. A deposit is not consideration until applied; a prepayment is taxable immediately under s.133
anchors:
TIM-02
anchors note:
TIM-02
We can use the quick method
correction:
Bookkeeping, accounting and tax services are on the excluded list. BOS cannot
anchors:
REG-09
anchors note:
REG-09