Episodes

  • Canadian Rental Income Simplified
    Jan 8 2025

    Learn how to calculate your gross and net rental income, understand which expenses are deductible, and avoid common mistakes with non-deductible costs. We break down capital cost allowance (CCA), including property classes and calculation methods, and discuss key rules for principal residences and flipped properties. Perfect for landlords and property owners looking to stay tax-compliant and maximize their deductions!

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    25 mins
  • What small business owners need to know about GST and HST
    Jan 6 2025

    In this episode, we break down the essentials of the Goods and Services Tax/Harmonized Sales Tax (GST/HST) in Canada. We cover who needs to register, including small suppliers and digital businesses, and explain tax obligations for different goods and services. Whether you’re starting a business or just want to understand GST/HST better, this episode is for you!

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    25 mins
  • How to fund education with a Registered Education Savings Plans (RESP)
    Jan 3 2025

    In this episode, we make sense of Registered Education Savings Plans (RESPs) and how they can help you save for your or your child’s education. Whether you're new to RESPs or want to make the most of yours, this episode has the basics you need to know!

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    18 mins
  • Less tax now, more retirement money later. Here's how!
    Jan 1 2025

    In this episode, we break down the Canada Revenue Agency's comprehensive guide to Registered Retirement Savings Plans (RRSPs) and other registered retirement plans in Canada. From contributions and transfers to withdrawals and tax implications, we explore the ins and outs of RRSPs, Registered Retirement Income Funds (RRIFs), Registered Pension Plans (RPPs), and more. We also discuss anti-avoidance rules, key definitions, and where to find helpful forms and resources. Plus, we simplify the complex calculations with real-world examples to help you better understand your retirement planning options. Whether you're just starting out or fine-tuning your financial strategy, this episode is packed with valuable insights.

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    17 mins
  • How Canada's Tax Free Savings Account (TFSA) helps you build wealth and grow rich
    Dec 30 2024

    Impress your friends, family and your bank account with your in-depth knowledge of how to earn tax free investment income in Canada.

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    15 mins