Top family tax credits and benefitsIn this podcast, Gerry and Ida will discuss some of the top family tax credits and benefits.Canada Child BenefitChild Care expensesSpousal amount and eligible dependantDisabled child or spouse (Disabili

RRSP vs TFSA vs FHSA

Mar 22nd, 2024 32m 22s

In this podcast, Ida and Gerry will compare all three registered accounts offered by the federal government: RRSP, TFSA, and FHSA*Introduction*Basic characteristics*Eligibility*Contributions*Contribution limits when withdrawing*Expiry of

Tax Update 2023

Feb 14th, 2024 31m 23s

Tax update 2023In this podcast, Ida and Gerry discuss the upcoming tax changes for the 2023 tax return.Tax-Free First Home Savings Account (FHSA)Canada Worker's Benefit (CWB) advance paymentsResidential property flipping ruleMultigenerat

Five overlooked tax deductions and credits

Apr 19th, 2023 20m 32s

In this podcast, Ida and Gerry will discuss five overlooked tax deductions and credits:Moving expensesCarryforwardsCarrybacks (retroactive claims)Medical expensesDisability tax creditDetailed blog article on this topic: https://www.ufil

Canada's affordability plan

Mar 27th, 2023 16m 13s

In this podcast, Ida and Gerry discuss the components of the Canada Affordability Plan. The components are:Doubling of the GST creditCanada Dental benefitCanada Housing BenefitBlog article detailing the plan: https://www.ufile.ca/tips-and

Tax update 2022

Feb 16th, 2023 29m 49s

In this podcast, Ida and Gerry will describe the upcoming tax changes for 2022 (and some for 2023). The changes that will be covered are:Tax-free first home savings account (FHSA)Labour Mobility Deduction (LMD)Home Buyer’s amountHome acces

Five common mistakes when producing your tax return

Apr 21st, 2022 21m 2s

Five common mistakes when producing your tax returnIn this podcast, Ida and Gerry will discuss five common mistakes people make when producing their tax returns, such as:Being disorganized with your documentsNot being aware of carry forwar

Students And Taxes

Mar 11th, 2022 20m 20s

Students and taxesPursuing post-secondary studies can be expensive, but there are income tax measures that can help you with those costs. In this podcast episode, Ida and Gerry will describe different income tax measures targeted to students,

Tax Update 2021

Feb 17th, 2022 22m 52s

Tax Update 2021A new tax season is upon us! Find out what’s new in this year’s tax return with Ida and Gerry. The topics discussed:Home office expenses - extension of the temporary flat rate methodCanada workers benefit (CWB) enhancementC

Tax-efficient cash in trying times

May 19th, 2021 14m 51s

With the COVID-19 pandemic raging on, many have been adversely affected, especially financially. Are there tax efficient ways to raise cash in these trying times? In this podcast, Ida and Gerry look at 5 ways to raise cash in a tax efficient wa

Five little-known medical expenses

Apr 12th, 2021 17m 20s

Find out about these five lesser known eligible medical expenses in this podcast with Ida and Gerry.UFile blog article: https://www.ufile.ca/tips-and-tools/ufile-blog/ufile-blog/2021/03/31/five-little-known-medical-expenses

The Sharing Economy and the pandemic

Mar 26th, 2021 17m 16s

The COVID-19 pandemic has fundamentally changed the way we work. Due to widespread unemployment because of the pandemic, many individuals worked side gigs provided by sharing economy apps, such as Uber and Skip the Dishes, to make ends meet. In

Tax Update 2020

Mar 9th, 2021 22m 39s

A new tax season is upon us! Find out what’s new in this year’s tax return in this podcast with Ida and Gerry.UFile blog article: https://www.ufile.ca/tips-and-tools/ufile-blog/ufile-blog/2021/02/11/tax-update-2020

Home offices expenses and the COVID-19 pandemic

Feb 12th, 2021 17m 1s

The COVID-19 pandemic has fundamentally changed the way people work. Gone are the office cubicles, replaced by bedrooms and kitchen tables! Starting in 2020, many Canadians will now be newly eligible to deduct their home office expenses on thei

Tax readiness checklist

Jan 26th, 2021 25m 22s

A new year is upon us! And even though everything is locked down due to the COVID-19 pandemic, one thing is not unfortunately: filing our tax return! What do we need to do to get ready to file our tax return? In this podcast, Ida and Gerry expl

How to spend your tax refund

May 12th, 2020 22m 54s

Great news! You finished your tax return and you have a refund coming your way! How should you spend your tax refund? From repaying your debt (through the debt avalanche and debt snowball methods) to investing in your RRSP/TFSA accounts, , Ger

Financial support measures for students during the COVID-19 pandemic

May 1st, 2020 3m 14s

The federal government recently announced measures to support students financially during the coronavirus (COVID-19) pandemic, such as the Canada Emergency Student Benefit (CESB) and Canada Student Service Grant (CSSG). What are the details of

Your investments, taxes and the pandemic

Apr 14th, 2020 7m 10s

We find ourselves in unprecedented times with the COVID-19 pandemic. With fear in the air, our natural instincts tell us to sell our investments and to hoard as much cash as possible. But is that a good idea? And what are the potential tax cons

Canada Emergency Response Benefit(CERB)

Mar 27th, 2020 3m 42s

The federal government has announced a new measure, the Canada Emergency Response Benefit (CERB), to help workers who have been directly affected by the coronavirus (COVID-19). What is it, and how does it affect you?

Economic response plan for the coronavirus(COVID-19)

Mar 20th, 2020 11m 51s

The Federal and Quebec governments have revealed their economic response plan as a result of the coronavirus (COVID-19). In our latest podcast, find out what’s in the plan and how it affects you.

Last minute tax tips

Apr 23rd, 2019 19m 6s

Scrambling to get organized and file your taxes by the deadline? Fear not, Lisa and Gerry have you covered! In our latest podcast, discover our tax tips for last minute filers. We will help you create healthy habits that will allow you to file

Real Estate and taxes

Apr 16th, 2019 30m 26s

There are several monumental moments in one’s life but out of all of them, owing a home is traditionally marked as a special occasion, especially tax wise! In this week’s podcast, sit down with Lisa and Gerry while they discuss the stages of ho

Couples and taxes

Apr 10th, 2019 23m 14s

What does it mean to be a couple in the world of taxes? Once you have found your home, and you have shared expenses, now comes the fun part: filing your tax returns together! In this week's podcast, discover with Lisa and Gerry the advantages a

Car Expenses

Apr 2nd, 2019 18m 12s

Have you joined the “gig” economy? Whether you've started your own business, or do some work on the side in the sharing economy as an Uber driver, or Uber eats delivery person, chances are you’re using your car to earn your income. In this podc

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