Quote Originally Posted by Suzie_Homemaker View Post
I make sure I comply with CRA rules. Tax lady is only human and can make mistake. Since it CRA who can audit, penalize, fine, it their guide I stick to and if person give advice conflict with CRA rule, I call CRA and double check.

CRA say clearly it declared year it earned, that what I stick to. Not worth risk if non CRA professional say different since CRA audit on their rules not tax lady belief.
My tax lady specializes in home daycare. She said that there is a difference between earning and receiving a deposit. The deposit if not used is not earned it is on hold. A deposit that sits in the bank until used is on hold and not earned until used. This is why it isn't to be claimed until it is used. But if you spend it on whatever as soon as you get it it is classified as earned and it is not on hold.