Archive | Financial Literacy

Talk to Your Executor

One of the “accounting jokes” that I tell involves making sure that the executor of your will understands your wishes. The joke goes like this. What if there is a hereafter? Do you want to spend it wishing that you had explained something in your will better?  Now I do appreciate that accounting humour is […]

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Principal Residence Declarations

Since 2016, Canada Revenue Agency has required Canadian residents to report the sale of any principal residence on their tax returns. If you sell your home and report it on your tax return, you should not have any problems with CRA, provided the home was really your principal residence. Recently, CRA was advertising that they […]

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CRA Fishing Expeditions

The Canada Revenue Agency has the ability to ask financial institutions for data on all of their clients, if they wish. This is different than a warrant for just one of their clients. We refer to this as fishing, CRA is on the lookout for people who are making money and not reporting it on […]

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Painless Financial Training Group Inc. with Debi Peverill

Understand Financial Stuff, Painlessly