Once you become registered for GST/HST, you will claim input tax credits for the GST/HST you paid on your purchases during your GST/HST reporting period, regardless of whether any of the purchases are in inventory at the end of your reporting period.  ... View more

Income that you earn from providing bookkeeping services is classified as self-employment income for income tax purposes. You report the self-employment income on the same return you use to report your employment income. For more information please see: How to Declare Business Income ... View more

Your residential status for Canadian income tax purposes depends largely on whether you have significant residential ties to Canada. The most important factors are; do you still have a home, spouse, dependents in Canada? Other relevant considerations can be factors such as the "economic" ones you have listed. More information in this regard from CRA can be found at: Determining your residency status.  If you are still unsure about your status you can request a ruling from CRA by using the applicable form:   Form NR74 , Determination of Residency Status (Entering Canada)   Form NR73 , Determination of Residency Status (Leaving Canada) ... View more

In the online versions of TurboTax, in the navigation pane on the left-hand side, click on 2019 balance due (or refundable) just above the TurboTax logo. Click "View detailed tax summary" just above the logo. In the detailed tax summary, if you want to see only the lines with non-zero balances, click on "Show (your name) balances only." ... View more

U.S. dollar exchange rates can be obtained from the Bank of Canada at:  Daily Exchange Rates Lookup Apply the exchange rate applicable to the date you received the income. If you received the income in a stream of payments over the course of the year you can calculate and use an average rate. ... View more

If your business incurs losses your issue may be that business-use-of-home expense is not deductible in the year and will be carried forward to a future year if the business is already in a loss position before considering the home expenses. More information can be found at:  business use of a workspace in your home ... View more

TurboTax will indicate that you will receive the rural supplement i f: TurboTax indicates: " You're eligible to receive credit for CAI - let's see how much you qualify for"  and You answered "Yes" to the question:   "did you reside outside of following CMAs on December 31, 2019..." ... View more

The T3 is reported on a TurboTax T3 slip. In the online version of TurboTax there is a text box in the bottom right hand corner of the slip,and the online help there indicates you should enter "Global." In TurboTax download version, there is a Source Country drop-down box between lines 22 and 23. You can select Country #2 and in the notes box at the top, indicate "Global." ... View more

Your receipt from the union will indicate if there is GST/HST on the dues. If you do not have a receipt, contact the union. ... View more

If an amount withdrawn from RESP is from contributions, no T4A is issued and there is no income to be reported. If an amount is withdrawn from the government assistance portion, it will generate a T4A. Since your daughter did not receive a T4A, it appears the withdrawal was from contributions, in which case there is nothing to report for tax. ... View more