Personal TaxFAQs

As a GST/HST registrant, when am I required to start collecting HST on sales?

I have a family trust owning assets and I’ve heard of something called the 21 Year rule. What does that mean?

As an owner of a corporation, can I not simply pay my child a salary/dividend to avoid paying high taxes on it myself?

How far back can the CRA audit an individual or business?

Can you explain how I can withdraw the over-contributed RRSP amounts from the financial institution?

I am considering taking out a loan to invest through my RRSP/TFSA/RESP. Will the interest on the loan be tax deductible?

If I perform a service in one province for a client located in another province, how do I determine which GST/HST rate to charge?

If I cannot find my tax slips, what can I do?

When do tax implications occur for owning precious metals, such as gold and silver?

I have a non-resident spouse, can I claim a spousal amount tax credit?