How to Pay Less Tax in Canada - Tips from a CPA

Tax credits are negligible savings - 15% of the credit given. The real savings are in deductions, but those are far and between

Great video. Thanks

Avalon, excellent video, good Job, thank teach us about tax law and take advantage of Income tax, congratulations, God bless you and you Family, take care and have a great day 🙏🏽🤝👍🏽

Hello Joe, thanks for sharing your knowledge about Cdn income taxes. I watched your vid on the (complicated) UHT, but the one question that still is nagging me is this: does the average Cdn citizen who owns just one home, whether paid for or still paying for their home via a mortgage, the only home they have, that they either live in themselves (or with their family members) or one house they own, are these Cdn citizens required to file a report by April 30 stating they own a home that they live in?

One more question about UHT, I saw on the fed govt website re UHT, that Cdn citizens who have more than one home may also have to input some info on a webpage identifying the location of their home(s) whereby the end result states whether or not a home’s LOCATION is exempt or not exempt. I believe this LOCATION/EXEMPT form must also be submitted with one’s UHT documentation.

hey could you do a video on Benefit Companies in bc love your content!

Thanks Joe! Great tips. For the moving expense, please let me know if one can claim it in this scenario. Say Jane planned to move to AB from SK to find better work opportunities, and she resigned from her current job in SK and moved to AB without a job offer. Two months after living in AB, she found a new job in AB. Can Jane claim the moving expense in this case? She did not move for work, but the move intended to find a better employment opportunity.

As an Englishman, ive always fancied moving my software business to Calgary so...😂

If I moved from USA to Canada, can I claim that under Moving Expenses?

Great info. What city are you in? Where do I find your checklists?

tax must be paid on or before April 30 but CRA gave a payment deadline May 15 in my NOA. Why?

Joe can you pls do a video on capital gains taxes, how they are taxed, credits in a small corporation and capital dividend account election etc

Are controlled tips taxable? Or any tips is taxed? Thank You.

There is conflict of income tax filing dates. Small businesses have until June 15th to file but this conflicts with the due date to file for eligibility for GST & similar rebates and GIS allowances. Those items are based on filing your personal tax return on April 30th. Obviously one can not always influence having one's small business information income statement available by a few days before April 3oth. CRA benefits don't have any sense of humour on this filing conflict and are amazingly fast at cutting off one's GIS and GST type rebates. Then even after having one's T1 processed it usually takes a few months to collect one's now overdue rebates and allowances. The Service Canada site will show the payments as pending, LOL that just means the payment is the the pipeline for the next regularly scheduled payment date. This conflict could easily be rectified by CRA especially as many people with this particular issue face it every single year.

Save on taxes??? Vote liberals out. 😂