Guides for Canadians
The rules behind your net worth, in plain language, with links to the official sources. General information, not tax advice.
Form T776: how to report rental income in Canada
How to fill out CRA Form T776: rental income lines, deductible expenses, repairs vs capital costs, CCA basics and what co-owners report.
Québec rental income: how to fill out form TP-128-V
Reporting rental income on your Québec return: form TP-128-V, line 136, deductible expenses, CCA, form TP-1086.R.23.12-V and RL-31 slips.
Adjusted cost base (ACB) of stocks and ETFs in Canada
How to calculate the ACB of shares and ETFs in Canada: average cost, commissions, return of capital, reinvested distributions and US-dollar trades.
The superficial loss rule in Canada, explained
The 30-day superficial loss rule: when the CRA denies a capital loss, who is affiliated (spouse, TFSA, RRSP, company) and where the loss goes.
TFSA, RRSP and FHSA contribution room explained
How TFSA, RRSP and FHSA room is built, carried forward and given back, where to find your own room, and what an over-contribution costs.
Canadian mortgage semi-annual compounding explained
Why Canadian fixed-rate mortgages compound twice a year, how that changes your payment, a worked example, and why US calculators get it wrong.
Principal residence exemption in Canada, step by step
How the principal residence exemption works, with one home per family a year, the plus-one rule, Schedule 3 and T2091 reporting, rentals and records.
Tracking net worth as a couple in Canada
How Canadian couples can track net worth together and apart, with joint and separate ownership, property shares, attribution and spousal RRSPs.