# Commonly stated wrong

## 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

## 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