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Latest posts

Credits and exempt supplies revenue concept.
Input Tax Credits

Exempt Revenue Poisons the Credit Attached to It

Colleen Fairweather-Dubois
1
June 6, 2026August 27, 2026

I was sitting in my office last Tuesday, staring at a particularly grim shoebox of receipts—the kind where the thermal paper has faded so much it...

Impact of large business restrictions on sales.
Provincial Rates

Ten Million in Sales Changes Which Credits You Keep

Colleen Fairweather-Dubois
0
June 5, 2026

I was sitting across from a client last Tuesday—a man who, three years ago, was just a guy with a reliable van and a decent client list—and he...

Record retention for returns documentation process.
Filing and Returns

Keep Everything the Return Was Built From

Colleen Fairweather-Dubois
1
June 3, 2026

I’ll never forget the look on a client’s face last February—the kind of pale, hollow expression you only see after a particularly bad loss on the...

Milestone billing and tax timing diagram.
Small Business

Each Milestone Is Its Own Tax Point

Colleen Fairweather-Dubois
0
June 1, 2026August 27, 2026

I was staring at a particularly depressing shoebox of crumpled receipts last Tuesday—the kind that makes you wonder if the owner even owns a...

Tax on retainers and advance payments.
Small Business

Tax Follows the Earlier of Invoice or Payment

Colleen Fairweather-Dubois
1
May 30, 2026August 27, 2026

I was sitting in my office last Tuesday, staring at a crumpled receipt that looked like it had been through a washing machine, when a client...

Selling an asset you claimed on van.
Input Tax Credits

Selling the Van Means Charging Tax on the Van

Colleen Fairweather-Dubois
2
May 29, 2026

I was sitting in my office last Tuesday, staring at a particularly grim shoebox of receipts—the kind where the thermal paper has practically turned...

Recapture of input tax credits for businesses.
Provincial Rates

Large Businesses Had to Give Some Credits Back

Colleen Fairweather-Dubois
1
May 28, 2026

I was sitting in my office last Tuesday, staring at a crumpled, grease-stained receipt from a client’s lunch meeting that looked like it had been...

Maximize trade in credits and tax savings.
HST Basics

A Trade in Reduces the Amount Tax Is Calculated on

Colleen Fairweather-Dubois
1
May 27, 2026

I remember sitting across from a landscaping contractor last spring who was absolutely convinced he’d been cheated by his equipment dealer. He’d...

Strategies for electing a different fiscal year.
Filing and Returns

Your Tax Year Does Not Have to Match the Calendar

Colleen Fairweather-Dubois
1
May 27, 2026

I was sitting in my office last Tuesday, staring at a stack of receipts that looked more like a shredded document from a crime scene than a business...

Provincial part of HST explained on receipt.
Provincial Rates

One Number on the Receipt, Two Governments Behind It

Colleen Fairweather-Dubois
2
May 24, 2026August 27, 2026

I spent my Tuesday morning staring at a literal shoebox of crumpled thermal receipts—the kind that fade if you even look at them too hard—and...

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