Shows
The Tax Chick PodcastSeason Finale! Budget breakdown and tax teaFall 2025 has been a busy season for tax developments!In the FINAL EPISODE of Season 6 of The Tax Chick Podcast, I share my thoughts on:- The latest Auditor General's Report on CRA call times and accuracy- The new CRA - Voluntary Disclosure Program- The 2025 federal budgetWhile the podcast will be taking a short break, The Tax Chick Podcast will return with brand new episodes in 2026!HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Ta...
2025-11-2617 minThe Tax Chick PodcastMoney Moves: How to Pay Yourself as a Business OwnerIn this episode, I am joined by Financial Planner, Aravind, for a deep dive into one of the most common (and misunderstood) questions for incorporated business owners: Should I pay myself a salary or a dividend?We unpack the myths, explore the tax mechanics, and walk through real-life planning considerations that go far beyond the coffee shop advice of “dividends are better.” Spoiler alert: the answer is almost always “it depends"! Our conversation included:The concept of tax integration and why it mattersWhy CPP is not the villain it is sometimes made out to b...
2025-10-2335 minThe Tax Chick PodcastTaxes After Death: What Every Executor Needs to Know (with special guest, Michelle Coleman)In this episode of The Tax Chick Podcast, I am joined by my friend and fellow professional, Michelle D. Coleman, to dig into a topic that every executor needs to understand: the tax implications that arise after someone passes away.Michelle shares her expertise on the common questions and pitfalls that executors face when navigating taxes on death. Together, we walk through the fundamentals of estate administration, tax filings, and why early planning and communication are so important.We cover:The different tax returns that may need to be filed (terminal T1 return, estate...
2025-09-2333 minThe Tax Chick PodcastMini-Episode - Preview of the 2025-2026 STEP Saskatchewan Season!If you have been listening to my podcast for a while, you will know how much I value my involvement with STEP (the Society of Trust and Estate Practitioners). It is not just about the TEP designation. What I love most are the connections, the learning, and the high-quality professional development that STEP provides. Honestly, it is some of the best CPD I get all year! So, I am taking a quick detour from regular podcast programming to share with you the exciting lineup of events we have planned for our STEP Saskatchewan Branch! Attendance a...
2025-09-0111 minThe Tax Chick PodcastSo... what is estate planning anyway?This mini-episode is inspired by one of the most common questions I get from clients and advisors alike: “What is estate planning?” We hear about it all the time, but what does it actually mean?Spoiler alert: it’s more than just writing your Will!I break down:- The core documents that make up an estate plan- The "investigation" stage- Understanding the "little" tax and the "big" tax- Death foldersEstate planning is about more than documents. It is about communication, preparation, and making life easier...
2025-08-2218 minThe Tax Chick Podcast5 Years, 1 Microphone, Countless Lessons: The Tax Chick Podcast Turns Five!!Welcome to a very special celebration episode of The Tax Chick Podcast! This week marks five whole years since I hit “publish” on my very first podcast episode. That means the podcast is officially in kindergarten!!!! In this milestone episode, I hit pause on tax talk and reflect on the journey of building the podcast from a simple blog during the early pandemic days, to a globally downloaded show with over 80 episodes and listeners in 75+ countries.In this episode, I chat about:How it all started: from blog posts to podcasting, and the f...
2025-08-1217 minThe Tax Chick PodcastDeductions & Delusions: A Tax Trivia Showdown!In this special (and slightly chaotic) summer edition of The Tax Chick Podcast, I am joined by summer students Frank, Blake and Tone, and articling student, Nick, for a candid and fun game of tax trivia!From weird historical levies to modern-day deductions, it’s law school meets game show in the most entertaining way possible! WANT TO LEARN MORE ABOUT MY GUESTS?Nick Kane: https://www.linkedin.com/in/nick-kane/Blake Barnes: https://www.linkedin.com/in/blake-barnes-usask/Frank Chou: https://www.linkedin.com/in/frank-chou888/Tone Hagen: https://www.linkedin.com/in/tone...
2025-07-2418 minThe Tax Chick PodcastNavigating Grief: Supporting Ourselves and Our Clients, with special guest, Dr. Brian ChartierAs a tax lawyer, I spend a large portion of my day discussing difficult topics with clients - including discussions of death and dying. Often, I am one of the first phone calls after the death of a loved one. In this episode, we delve into a deeply personal topic: the emotional impact of losing a long-time client. My special guest, Dr. Brian Chartier, shares valuable insights and strategies for:Letting go of the idea that there is a "right way" to respond in the situation, or that there is the "right thing" to say.Navigating you...
2025-06-2626 minThe Tax Chick PodcastMusings of a Tax Chick - What you need to know about Powers of AttorneySo you finished your estate planning... but do you have a Power of Attorney?Check out this mini-episode for details on:- What is a power of attorney? (2:13)- When should you consider having more than one power of attorney? (4:00)- How do you choose who to appoint as your power of attorney? (6:05)- What are some tips/traps to consider? (7:18)HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"
2025-05-3013 minThe Tax Chick PodcastMusings of a Tax Chick - Practical issues to consider on the death of the 1st spouseSo often when completing our estate planning, we focus on what will happen when the last spouse dies. But what about after the death of the first spouse? In this episode, I outline some key planning considerations to keep in mind on the death of the first spouse, including: cash flow planning, access to credit, and practical considerations!HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"
2025-05-1615 minThe Tax Chick PodcastMusings of a Tax Chick - Non-arm's Length Transfers and s. 160 of the Income Tax ActSwitching it up today and chatting about a very specific section of the Income Tax Act... s. 160. This section can be used to assess one person for the tax debts of another person... it is typically applied between spouses and/or between parents and children. However, some recent case law has resurrected a discussion on this topic, including who is really a "spouse" for the purposes of this section.Update (05/07): The episode did not fully load on some streaming platforms so I have reloaded the audio! RESOURCES DISCUSSED ON THIS EPISODESTEP SK - May 7...
2025-04-2615 minThe Tax Chick PodcastMusings of a Tax Chick - Unpacking Canada Revenue Agency's Informal Disclosure GuidelinesA recent LinkedIn post of mine sparked some great informal discussion about responding to CRA "proposal" letters. So, it seemed like a great topic to chat about on the pod!Do you know what information/documentation you can obtain through informal disclosure with CRA? Check out this episode to learn more about:What is a "proposal" letter?What are the usual deadlines for response, and why would those deadlines be shortened?What is a "large corporation" and what rules apply to them?What CRA reports can you access through informal disclosure and why should you ask fo...
2025-04-0412 minThe Tax Chick PodcastGetting Paid to Post: The Tax Scoop for Influencers & Creators! (with special guest, Jami Monte!)In this episode, we’re breaking down all the tax essentials for social media influencers, content creators, and anyone monetizing their online presence. From referral codes and affiliate links to brand collaborations and sponsored trips, we cover what counts as income and what you need to report. We’ll also talk about the tricky area of receiving gifts and how to handle barter transactions—yes, those fancy purses and free hotel stays could come with tax implications!Join me and special guest, Jami Monte as we dive into:What counts as income (7:05)Barter transactions and gifts (9:55)Self-a...
2025-03-2033 minThe Tax Chick PodcastSeason 6 Premiere: What's Coming Next!Season 6 is here!!!! Check out this short episode to learn a little bit about what you can expect on the pod this season and also for a refresher on some great episodes from last season! I also include a quick update on what I have been up to the last few months.HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"
2025-03-2015 minThe Tax Chick PodcastTaxes Filed? Now What? Your Next Steps After Hitting Submit!You’ve filed your taxes—great job! But the work isn’t quite over yet. In this episode, I'm walking you through the essential steps you need to take after submitting your taxes. From saving and reviewing your Notice of Assessment to paying any taxes owed, and some tips on how to update your financial records and prepare for next year, this episode has what you need to stay ahead of the game!HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"
2025-03-2010 minThe Tax Chick PodcastTax Time Made Fun: Your Ultimate Prep Guide for the Season!In this episode, I am diving into the must-have documentation you need to gather before tackling tax season. Whether you’re filing on your own or working with a professional, this episode will help you organize everything you need to make tax time a breeze. Tune in for tips on what documents to collect, how to stay organized, and avoid common mistakes that could cost you later!RESOURCES DISCUSSED ON THIS EPISODE:The Finance Cafe Chillbooks Season 5 (Episode 17) Essential insights every business owner should know Season 3 (Episode 5) The three gifts that only bookkeeping can give you! Season...
2025-03-2013 minThe Tax Chick PodcastMusings of a Tax Chick: Top 10 Tax Tidbits for 2024!My Christmas gift to you this year is an episode full of tax tidbits that you can share at your holiday party - check out this episode for my rundown of the tax issues that made the news for me in 2024:10. The Taxpayer's Ombudsman Report9. Auditor General's Report - the CEBA Program8. CRA New Audit Powers7. Digital Services Tax6. Where do we stand on Alternative Minimum Tax?5. The GST/HST Holiday4. Audits on COVID benefits3. Bare trusts...2. Capital Gains...1. The Fall Economic Statement - stay tuned for December 16th!
2024-12-1219 minThe Tax Chick PodcastYou can be tax savvy too...Essential insights every business owner should knowIn this episode, I chat with special guest, Corey DeJean, owner of CJDJ Accounting Services and current Chair of the Association of Tax and Accounting Professionals ("ATAP"). Corey and I get to hang out in January every year at the ATAP Refresh Conference in Toronto - we have had so many great conversations about collaboration, sharing resources and the importance of educating our clients about tax. It was about time that I got her on the pod!Corey and I dive deep into the crucial tax information every business owner should know to stay compliant, maximize deductions, an...
2024-10-1731 minThe Tax Chick PodcastMusings of a Tax Chick: Falling on bended knee... what you need to know about the Voluntary Disclosure programAre you behind in your tax filings? I mean REALLY behind... like more than the last year or two?Did you make a mistake in a previous filing? Canada Revenue Agency's Voluntary Disclosure Program might just be for you! I have had a couple calls this past week about the "VDP" program, and I thought this might be a great time to dispel some myths.In this episode:1. I discuss what the program is, and when you would choose to apply.2. Provide some insight into the criteria for a successful application...
2024-10-0116 minThe Tax Chick PodcastSummer at the Firm: A Behind-the-Scenes Look at being a Summer Student, with special guests Blake, Frank and Nick!I decided to switch things up a bit for this episode, and invite on 3 people that I have been hanging out with all summer this year - our firm summer students, Blake, Frank and Nick!Don't worry - the word "tax" does get brought up at some point in this episode :) But the main purpose of this episode was to share a little bit about what it is like to work in a law firm (Hint: it is not like Suits!) In this episode, we cover:1. Why each of my guests chose to wo...
2024-09-0426 minThe Tax Chick PodcastMusings of a Tax Chick: "Discovering" Discoveries...Check out this episode for information on upcoming conferences where you can find me as a guest speaker, along with some information on the Tax Court of Canada, including the role of "discoveries" in a tax hearing. RESOURCES DISCUSSED ON THIS EPISODETax Court of Canada - Your Day in CourtATAP CanadaAccountexHERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"
2024-08-1114 minThe Tax Chick PodcastMusings of a Tax Chick: Summer Sweets and Legal Treats - Navigating GAAR and Baking BlissHave you heard of the "GAAR"??? GAAR stands for the "general anti-avoidance rule" and it gives the federal government broad powers to prevent transactions they deem to be against the purposes of Canadian tax law.Why do we care about GAAR? Well, it should be a factor to consider each and every time that you engage in tax planning, as if it applies, it can "undo" all of the tax benefits of a particular transaction. The Federal Government also just pushed through amendments to the GAAR rules which broaden the applicability of GAAR, and also impose a pen...
2024-07-2919 minThe Tax Chick PodcastDraft Capital Gains Legislation... what do you need to know?What happens when two tax fanatics who are passionate about tax education get together to talk about draft tax legislation??? Check out this episode to find out!So excited to have my friend, and fellow tax enthusiast, Henry Shew, on the podcast today to chat about the draft legislation that the Federal Government released on June 10, 2024 relating to the changes to the capital gains rules in Canada. There are some amazing resources available which "go into the weeds" on the details of the legislation - but Henry and I wanted to go big picture for this episode. We...
2024-06-2136 minThe Tax Chick PodcastMusings of a Tax Chick... Toronto, STEP Canada, and new legislation...Just got home from a fantastic week in Toronto at the STEP National Conference! In this mini-episode, I provide an overview of what I learned, give a sneak peek at upcoming episodes, and share my favorite restaurant spots in Toronto.Oh, and did you hear that the Federal Government plans to release draft legislation on the capital gains inclusion rate changes on Monday, June 10th???... stay tuned!THINGS I DISCUSSED ON THIS EPISODE:Jarvis Sam and The Rainbow Disruption STEP CanadaTerroni Hy's Steakhouse Lee Restaurant El Inka Odd Seoul (Instagram) (they are so cool, they d...
2024-06-0918 minThe Tax Chick PodcastGuiding Generosity: Navigating Donor-Advised FundsI want to let you in on a little secret... you do not have to be a billionaire in order to be philanthropic. There are many ways to give to charity, including gifts of your time! But in today's episode, I am chatting with my guests about a specific vehicle for charitable giving - the "donor-advised fund" or "DAF". It is a really neat alternative to setting up a private foundation, and can open up options for families to work together to plan their philanthropy for years to come! (And yes, there are also some tax benefits!)In t...
2024-05-2232 minThe Tax Chick PodcastMusings of a Tax Chick... Boardroom Dilemmas: Navigating Director LiabilityHuge thank you to my listeners as we have now surpassed 30K downloads, and have managed to stay in the top 100 business podcasts on Apple Podcasts over the past 5 - 6 weeks!In this episode:I provide an update on what has happened since the Federal Budget - turns out we actually still have zero clarity on the capital gains inclusion rate changes. Check out the submission of the Joint Committee of CPA/CBA on this issue: https://cpa.cpacanada.ca/en/the-cpa-profession/about-cpa-canada/volunteer-with-cpa-canada/volunteer-committees/tax-committees/59 Audit activity is hopping! I share what I have been seei...
2024-05-1515 minThe Tax Chick PodcastMusings of a Tax Chick... so I filed my tax return, now what??Anyone else feel like filing your tax return can be a bit anti-climactic? In today's mini-episode, I am sharing my tips for what you should do post-tax season including:- checking your assessment- making arrangement for payment- organizing your documents- getting ready for next year!RESOURCES DISCUSSED ON THIS EPISODE:How to make a payment at CRASTEP National Conference!Canadian Money Roadmap PodcastHERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"
2024-05-0814 min
The Canadian Money RoadmapTFSAs 101: My guest appearance on The Tax Chick Podcast with Amanda DoucetteOn this week's episode, I was delighted to be a guest on Amanda Doucette's The Tax Chick Podcast to talk about all things Tax-Free Savings Accounts (TFSAs). As we delve into the nuanced world of TFSAs, you'll gain a clearer understanding of how these accounts can be much more than a place to stash your cash. Get the scoop on navigating over-contributions and withdrawals, and learn the critical aspects of setting up beneficiary designations and successor holder arrangements—vital knowledge for polishing your estate planning.This episode isn't just about saving; it's about strategizing for wea...
2024-05-0132 minThe Tax Chick PodcastMusings of a Tax Chick - Have you received a letter from CRA after filing your tax return?The countdown is on... only a few days left to the end of the Canadian personal income tax season! If you have already filed your return, but not yet received your notice of assessment, have you received a letter from CRA asking for more information?In the last couple of days, a number of my clients have reached out for help after receiving letters from the "Preassessment Review" section of CRA. If you receive one of these letters, do not panic! When your tax return is e-filed, supporting documentation is not included in the tax filing. As a re...
2024-04-2814 minThe Tax Chick PodcastFederal Budget 2024 - Musings of a Tax ChickYou asked for it... an episode on the 2024 Federal Budget geared towards non-tax practitioners! I fully intended to make this a mini-episode, but there was just SO MUCH to discuss, that I ended up talking for over 30 minutes - I hand-picked a few of the key changes to discuss, but if there are other items you would like me to address in a future episode, please let me know!In this episode, I cover:History of the Federal Budget and why it matters - including why I call it the "Oscars" for tax professionals, and m...
2024-04-1838 minThe Tax Chick PodcastMusings of a Tax Chick... Bare trusts and trust reporting rulesUPDATE: March 28, 2024 (1:15 p.m.)CRA just released an update on bare trust filing requirements, and has advised that CRA will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2023 tax year, unless the CRA makes a direct request for those filings.The full notice can be found at this link: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2024/bare-trusts-exempt-from-trust-reporting-requirements-2023.html?utm_source=Master+Email+List&utm_campaign=1c6ce21145-N2N_PT_2024_LAUNCH_COPY_01&utm_medium=email&utm_t...
2024-03-2616 minThe Tax Chick PodcastMusings of a Tax Chick... Advanced trust topics!This is Part 2 of the mini-episodes on all things trusts! If you have mastered the basics, check out this episode for a discussion of some more advanced topics including:- Adding or Removing Beneficiaries (1:20)- Alter Ego and Joint Spousal Trusts (4:05)- Family law implications (9:13) - Corporate association issues (11:40)- Ongoing maintenance (13:40)ADDITIONAL RESOURCES DISCUSSED ON THIS EPISODE:CRA Views Document: 9209655CRA Views Document: 2008-0281411I7CRA Views Document: 2001-0111303CRA Views Document: 2012-0451791E5HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gm...
2024-03-2615 minThe Tax Chick PodcastMusings of a Tax Chick... Trusts 101Have you noticed that everyone seems to be talking about trusts these days??? Seemed like an appropriate time to release a few mini-episodes on the topic. If you are looking for some foundational information on trusts, check out this episode. I cover topics like: - What is a trust? (2:02)- The three certainties (4:40)- Reasons why a trust may be used (6:15)- Who are the parties to a trust? (9:30)- What are the different types of beneficiaries? (11:15)- How are trusts taxed? (12:47)And check out the next couple epi...
2024-03-2616 minThe Tax Chick PodcastMusings of a Tax Chick... overview of Season 5, and life update!Season 5!!! How did that happen? Check out this mini-episode for a brief trip down memory lane on the history of this podcast, a sneak preview of what is coming for this season, and a life update.HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"
2024-03-2616 minThe Tax Chick PodcastTFSAs - breaking down what you need to know! (with special guest, Evan Neufeld)Kicking off SEASON 5 of The Tax Chick Podcast with a special guest episode featuring fellow Saskatoon podcaster and Certified Financial Planner, Evan Neufeld! Tax Free Savings Accounts, or "TFSAs" - such a fun acronym! You likely have this type of investment, and are aware that one of the perks of a TFSA is that the growth accrues tax free... but are you curious to learn a little bit more? Check out this episode to learn:- What is a TFSA? (4:00)- Are there limits to what you can put into a TFSA? (6:13)- Wha...
2024-03-2630 minThe Tax Chick PodcastHappy New Year! Reflecting on 2023, and looking ahead to 2024...Before you pop the champagne and sing Auld Lang Syne tomorrow night, I wanted to give you one last episode of The Tax Chick Podcast for 2023! I will be back with Season 5 of the podcast (and debuting some new music!) in March 2024.In this episode, I provide some information on STEP and why I was in London, England earlier this month, and reflect on the craziness of 2023 (remember the CRA strike right in the middle of tax season???) I also give a sneak preview of things to come in 2024...Happy New Year to you and yo...
2023-12-3017 minThe Tax Chick PodcastDo you need a fractional CFO? Featuring special guest, Jordan BrownWhen you hear the acronym "CFO" what do you think? You might think that your business only needs a "Chief Financial Officer" if you are making millions of dollars... turns out, that is not the case!On today's episode of the podcast, I am bringing back Jordan Brown, principal of Lift Accounting and Copilot Advisory right here in Saskatoon. We are tackling the following topics: (1) What is a CFO? (5:05); (2) What are some factors that would suggest you need a CFO? (7:50); (3) Where do you find a CFO? (15:50); and (4) What types of services/duties would a CFO perform for you...
2023-11-3030 minThe Tax Chick PodcastMusings of a Tax Chick... have you contemplated the income tax payable on your death?In the spirit of all things spooky, it seemed like an appropriate time to talk about the spookiest tax of all... the income tax to your estate! So many of my clients focus on probate fees - but fail to consider the "big" tax... the income tax liability.Check out this mini-episode for an update on my visits to the College of Law, a reminder about repayment of your CEBA loan, and a brief discussion of the tax rules on death.UPDATE: In this episode, I reminded listeners about the UHT filing deadline - after re...
2023-10-2617 minThe Tax Chick PodcastMusings of a Tax Chick... Drake, estate planning and the CEBA LoansDrake dropped a new album on Friday, October 6th - which is basically like Christmas in my house :) Check out this episode for my thoughts on Drake's new album, and some musings on the tax planning he might be engaging in for his son, Adonis.But, the main event for this episode is a discussion on the Canada Emergency Business Account ("CEBA"). On September 14, 2023, the Prime Minister announced extended deadlines for the CEBA loan repayments, which caused some major confusion for business owners. In this episode, I break down (1) what was the CEBA, and what wer...
2023-10-0920 minThe Tax Chick PodcastThe 411 on the Underused Housing Tax, with fellow tax chick, Anna MalazhavayaThis is the 50th episode of my podcast!! YAY!!!Happy to have fellow tax chick, Anna Malazhavaya of Advotax Law back on the podcast to chat about the Underused Housing Tax... did you know that this tax could apply to you even if you are a Canadian resident? Despite what you might have heard in the news, this tax is not just for non-residents.We are chatting about: (1) What is the Underused Housing Tax ? (7:20); (2) When might it apply? (10:35) (3) What happens if you do not comply? (14:10) UPDATE: On October 31, 2023, the federal government announced an extension to...
2023-09-1430 minThe Tax Chick PodcastMusings of a Tax Chick - The Tax Chick as a keynote speaker! Ways to learn about tax and much more...The number 1 question I get asked in DMs is... "If I want to learn about tax, where do I start?" The answer to that question differs depending on what your goals are for this exciting new tax journey. Are you a professional who is looking to specialize in tax? Or are you a professional or a business owner who is looking to learn some foundational information about tax? In this episode, I break down some of my favorite sources for tax education!Also... if you are in Saskatoon (or going to be in Saskatoon on September 21st), I am...
2023-08-2719 minThe Tax Chick PodcastMusings of a Tax Chick - Happy Birthday to the Podcast!!! (The Origin Story)Happy birthday to my podcast,Happy birthday to my podcast,Happy birthday, happy birthday,Happy birthday to my podcast!!!!Today marks the 3rd anniversary of my podcast - yay! Over 22,000 downloads, 4 seasons, and listeners in over 50 countries - I am so proud of what this podcast has become!I thought this might be an appropriate time to talk about the origin story of the podcast... it starts at a vegan wellness retreat, and really came to life while working from home at the height of the pandemic. Check out this episode for al...
2023-08-1315 minThe Tax Chick PodcastTax-Driven Bankruptcies and CRA Collections issues, with special guest, Michelle Scheller"Who cares if I owe a lot of money to CRA? I can just go bankrupt!"I have heard this statement quite a few times in my career... but unfortunately, there are a lot of misconceptions about bankruptcy, and in particular the interception of bankruptcy and tax debt. Now that CRA has ramped up their collections action again, I thought it might be an appropriate time to bring on an expert to help chat about these topics. My special guest, Michelle Scheller, is a licensed insolvency trustee with MNP Ltd., and I have referred a number of cli...
2023-07-2029 minThe Tax Chick PodcastMusings of a Tax Chick... Shopify and the CRA requirement to provide information - what does it mean for your business?The CEO of Shopify (Tobias Lutke) tweeted last week that the company intends to fight a request from the Canada Revenue Agency (CRA) to turn over six years of records of more than 121,000 Canadian stores using the firm’s platform. If you use Shopify in your business, this tweet should have made you sit up a little straighter in your chair...What is a "requirement" and can Shopify be required to turn over this information? Check out this episode for more details!RESOURCES DISCUSSED ON THIS EPISODE:Requirements to Provide Information: https://www.canada.ca/e...
2023-07-0316 minThe Tax Chick PodcastMusings of a Tax Chick - CRA strike is over! STEP Canada conference, and taxpayer relief applicationsIf you owe penalties and/or interest to Canada Revenue Agency, you might be able to get some relief - on today's "Musings" I break down the top 6 things you need to know about Taxpayer Relief Applications! (I also remind you about some things you should be doing now that the CRA strike is over, and give a sneak peek of the next guest episode of The Tax Chick Podcast!) RESOURCES DISCUSSED ON THIS EPISODE:STEP Canada: www.step.ca Taxpayer Relief Applications: https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/rc4288.html HERE ARE S...
2023-05-2816 minThe Tax Chick PodcastCopyrights and Trademarks - a "tax-adjacent" episode with special guest, Luanne Schlosser of Lunova Law!Do you know the difference between a business name and a trademark? What does copyright mean, and how do you claim copyright over your "stuff"?Did you realize that when starting a new brand, it is a good idea to complete some domain name searches and trademark searches first?Have you heard the story of the Christmas geese at the Eaton Center in Toronto?In this episode of the podcast, I chat with special guest, Luanne Schlosser, the founder of Lunova Law in Saskatoon, Saskatchewan all about "intellectual property". We chat about: (1) What is co...
2023-05-1135 minThe Tax Chick PodcastMusings of a Tax Chick: CRA strike continues! Why you should file your return... and what to do after you fileMay 1st is fast approaching! Have you filed your taxes yet? Check out this bite-sized episode of the podcast for an update on the CRA strike, and reasons why you should file your tax return. If you are self-employed and plan to file by June 15th, do not forget that your taxes are still due by April 30th - consider making an instalment payment now based on an estimate of tax in order to avoid additional interest! And, do you know what you should do after filing your tax return? In this episode, I give my top tips on what...
2023-04-3015 minThe Tax Chick PodcastMusings of a Tax Chick: CRA on strike? Tax Filing deadline, and how to resolve disputes with CRAThis year's personal income tax filing deadline is about 2 weeks away - have you filed your return yet? To add to this year's filing excitement, the workers at CRA voted in favour of job action and as of April 14, 2023, the workers are in a legal strike position. In this short episode, I give an update on what this strike might mean for the last two weeks of tax filing season, and round out the episode with some information on how to resolve a tax dispute with CRA.RESOURCES DISCUSSED ON THIS EPISODE:CRA Formal Statement on La...
2023-04-1619 minThe Tax Chick PodcastMusings of a Tax Chick: Learning Center, New Kids on the Block, and Underused Housing TaxIn this bite-sized episode of the podcast, I provide some tips and tricks on how to utilize the new "Learning Center" on my website, update you on my efforts to clean out my keepsake boxes with my Mom, and wax poetic about the upcoming federal budget...HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My new website is now live!!! www.thetaxchick.ca Email: thetaxchickpodcast@gmail.comLinkedIn: https://www.linkedin.com/in/amandasadoucette Instagram: https://www.instagram.com/tax.chick/ Be a "Tax Chick VIP": http://eepurl.com/hNbXcb
2023-03-2615 min
Keep Yourself WellDemystifying Tax Season with Amanda DoucetteEp.73 | It's that time of year again: tax season. Each year it seems to creep up on a people and strike fear in their hearts. But, The Tax Chick, lawyer Amanda Doucette, has some tips and tricks to make your tax life easier. And, her and Kalli discuss why estate planning really is important.
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2023-03-121h 03The Tax Chick PodcastAre you ready for tax season? It is easier than you think! Get prepared with special guest, Shalini DharnaYes, it is that time of year again… some of us dread it, others get excited… it is tax season time! For individuals, this year’s tax filing deadline is May 1, 2023 (because April 30th falls on a Sunday) - and for self-employed individuals, your deadline is June 15, 2023. More often than not, getting your books ready for taxes can be a bit of a panic, and there is often no time to sit down and do some ‘forward thinking’ about key business considerations. So, I thought this might be the perfect time to bring on fellow tax ch...
2023-03-0937 minThe Tax Chick PodcastHow to tackle "vintage" tax debtHi! Me again, for another bite-sized solo episode of The Tax Chick Podcast!In today's episode, I am chatting about "vintage" tax debt... a.k.a. income tax debt from many years ago. How do you find out what you owe? How do you tackle payments? How do you figure out what portion of the debt is tax versus interest? Is there a statute of limitations?I am sharing my tips and tricks for how to get your arms around the issue, and some potential solutions to the problem! RESOURCES DISCUSSED IN THIS EPISODEJami...
2023-02-0516 minThe Tax Chick PodcastLife update... and a little bit of tax too :)Want to stay up to date on all of the exciting changes coming to the blog and the podcast in 2023? You can find out all that and more if you sign up to be a "Tax Chick VIP": http://eepurl.com/hNbXcb . Over the next couple of months, I will be sharing sneak peeks of the upcoming changes, and asking for your feedback!I am going to be in Toronto speaking at the ATAP "Refresh" seminar later this month - see this link for more details:https://www.atapcanada.org/site/winter-2023-seminar-refresh HER...
2023-01-0715 minThe Tax Chick PodcastWill you be my executor? The role of the corporate executor in estate planning, with Anisa DiwanDid you know that it often takes 100+ hours to settle an estate when someone passes away? Being an executor is a lot of work. Throw in added complexities like blended families, business ownership, and assets outside of the jurisdiction, and executorship can turn into a full-time job! I spend a lot of time chatting with clients about who they wish to appoint as an executor. Typically, people like to appoint a spouse, a child, a sibling, or a close family friend. And in many instances, that makes sense. However, given the increasing complexity involved in administering an estate...
2022-12-1542 minThe Tax Chick PodcastTHE TAX CHICK PODCAST LIVE!!!! The Estate Planning Toolkit - the importance of collaboration amongst advisors! (Part II)So excited to release this two-part series on estate planning - this episode (as well as Episode 10) was recorded LIVE in Banff, Alberta at the CPA Small Practitioner's Forum! My special guest and I are talking all about what estate planning means to us - and how completing your "estate plan" is about more than just the three-legged stool (the will, the power of attorney, and the health care directive). Estate planning is a lifelong process - your plan will evolve over time! In the second part of this series, please join us for a discussion on... (1) Sh...
2022-11-0237 minThe Tax Chick PodcastTHE TAX CHICK PODCAST LIVE!!!! The Estate Planning Toolkit - the importance of collaboration amongst advisors! (Part I)So excited to release this two-part series on estate planning - this episode was recorded LIVE in Banff, Alberta at the CPA Small Practitioner's Forum! My special guest and I are talking all about what estate planning means to us - and how completing your "estate plan" is about more than just the three-legged stool (the will, the power of attorney, and the health care directive). Estate planning is a lifelong process - your plan will evolve over time! In the first part of this series, please join us for a discussion on... (1) What is estate planning? (9:20); and...
2022-11-0241 minThe Tax Chick PodcastTalking tax and family business with Joe and Cait of Video Tax News!Have you ever felt overwhelmed at the thought of learning about tax? I completely understand - there is so much information that it is hard to know where to start! When I get this question, I usually direct people to Video Tax News. What is Video Tax News? Well, it is a family business owned by Caitlin Butler, Joe Devaney and their sister Sheena - they cut through the overwhelming avalanche of tax developments to provide practical tax information to 1,000s of Canadian accountants, lawyers, and tax professionals across Canada.On today's episode, I am joined by Cait...
2022-09-2245 min
Law Firms and FinanceThe Tax Chick Blog w/Amanda DoucetteWho do you call when it comes to complex tax issues, or do you even know how to determine what is a complex tax issue? This is why we sat down with the author of "The Tax Chick Blog" Amanda Doucette to learn more about her practice of Tax Litigation, Corporate Tax Law, Business Succession strategies, blogging, and podcasting Check out the full interview at the businesstalklibrary.com/lawandfinance. #businesstalklibrary #accounting #finance #businesscontent #lawandfinance
2022-08-1924 minThe Tax Chick PodcastBreaking down the basics of cross-border taxation, with special guest, Lori Keightley!Lately, I have been receiving A LOT of requests to have a few episodes on cross-border issues. I am kicking things off by bringing on my special guest, and fellow tax chick, Lori Keightley to break down the basics on Canada/US taxation. We discuss:- Are you a US Citizen? (11:40)- Why does it matter? What are your tax filing obligations? (18:00)- What are the tax implications of renouncing US citizenship? (25:30)- What happens if you own property in the US? (30:20)- What about if you are working in the US, but liv...
2022-08-1851 minThe Tax Chick PodcastWhat is a holistic wealth advisor and why do you need one?Have you ever heard of the concept of "holistic" wealth planning? My guest today, Sarah Kolla-Empey, is a wealth advisor (and fellow Tax Chick) who believes this is the best way to approach your financial plan. Each of us deserves to have a financial advisor in our corner who will educate us and support us throughout the journey of life. After all, financial planning is about more than just funding retirement or controlling cash flow - it is also about building the life you want for yourself right now! In this episode of the podcast, we tackle: (1) Why working with...
2022-07-1435 minThe Tax Chick PodcastWhat to expect... when you are expecting the CRA! (with Sophie Virji)Have you ever received a phone call or a letter from Canada Revenue Agency and panicked about what to do next? Worried whether it was a legitimate call, or a scam? Felt overwhelmed in how to decide what documents to provide? Well, this episode is for you!I am excited to welcome fellow tax chick, Sophie Virji, back to the podcast for this episode! Sophie and I chatted about the tax litigation process in Season 1 of the podcast (see Episode 5: “Tax Litigation 101”). We re-group in this episode to tackle some of the “practical” aspects of CRA corres...
2022-06-1656 min
beyond MD with Dr. Yatin ChadhaEstate Planning 101 with the "Tax Chick" Amanda DoucetteIn this episode I host Amanda Doucette, TEP. Amanda is a tax lawyer & founder of the Tax Chick Podcast and Blog, which are wonderful resources for anyone wanting to learn more about tax and estate planning.Discussion points:- when to start estate planning (8;35)- essential documents (11:12)- durable vs springing power of attorney (14:05)- POA: who to choose, including trust companies (16:00)- summary of wills (18:45)- what happens if you pass away without a will (21:16)- what is probate? (23:19)- pros/cons of joint ownership (28:44)- beneficiary de...
2022-06-0958 minThe Tax Chick PodcastThree gifts that only bookkeeping can give you! (with Jami Monte)Quickbooks. Credits and Debits. Profit and Loss statements. Receipts. Cash Flow. Did any of those words make the hair on the back of your neck stand up? In today's episode of the podcast, we are going to tackle these words head on - take back the power! Bookkeeping and document organization come up so often with my clients. It seems like this is the universal stressor for most business owners. So, it felt appropriate to have another episode on the topic! Don't fear - this is not a technical episode. Instead, I am chatting with my fabulous...
2022-05-2650 minThe Tax Chick PodcastThe Family Meeting - how to make difficult conversations fun!We are on the verge of a huge transition of wealth in Canada - transition due to death, and also transition due to retirement, or third party sale. We often see business owners having meetings on an annual or quarterly basis to review the "numbers" - things like profits, expenses, projections... but have you ever considered having a meeting to discuss non-financial issues?My special guest, Laily Pirbhai, provides some guidance today on how to create a "family blueprint" - a way to communicate with family and key stakeholders about values, dreams and goals for the future. We...
2022-04-1446 minThe Tax Chick PodcastThree common tax audit flags... and how you can be prepared! (with special guest, Dean Blachford)One of the pieces of my tax practice that I do not often highlight on this platform is my work in "tax controversy" or "tax litigation". A huge part of my practice is helping taxpayers navigate through audits, and appeals to the Tax Court of Canada. Sometimes, the world of audits and appeals can seem a bit "mysterious". There is also a huge fear associated with receiving communication from Canada Revenue Agency. The best way to combat fear is with knowledge. So in today's episode, I am chatting with my guest about three key areas that typically attract a lot o...
2022-03-1742 min
CiTR -- Queer FMQueerFM Featured Guests : Elaine Mercedes Mendoza is an Author & Speaker / Not Sisters LGBTQ+ alt-pop duo comprising of vocalist Amanda DoucElaine Mercedes Mendoza (she/her) is an Author and Speaker with a thirst for knowledge, equality, inclusion, and bases her work around the idea that diversity IS our strength. She created the #AllHumansBelong movement which emphasizes that EVERYONE regardless of nationality, sexual orientation, race, religion, BELONGS. Elaine enjoys sharing her life around the world on Instagram @FinallyElaine. However, although her work as a travel writer has been published, it is her work as an Author and Speaker that makes her come to life. She is a Contributing Author in "Time to Rise" where she was featured...
2022-03-082h 02The Tax Chick PodcastDiscussing Philanthropy with your Advisor, with special guest, Shane BiehnThis episode is a continuation of the discussion on "philanthropy". Let's say you decide you want to explore the option of a charitable gift (or you are at least curious about your options). In today's episode, I chat with my special guest, Shane Biehn, about the conversations that you need to be having with your advisor around charitable giving. We talk about: (1) what it means to be "philanthropic" and how to start the conversation with your advisor (9:25); (2) Taxation of charitable donations (16:01) and different vehicles that you can use to give a charitable donation (hint: it is not just cash) (22:35); and...
2022-02-1747 min
The Finance Cafe5 Steps to Avoiding a CRA Audit with Amanda Doucette, The Tax Chick.Welcome to another episode of The Finance Cafe Podcast presented by The Women Entrepreneurship Knowledge Hub.
This week your host, Shauna Frederick, dives into a conversation on avoiding a CRA audit with The Tax Chick, Amanda Doucette.
Amanda is a problem solver who loves showcasing the human side of professional careers. In her day job, she's a lawyer helping her clients navigate the complex world of income tax, GST and employment insurance.
Her passion is helping people navigate problems that seem insurmountable and empowering them so they feel in control of their business a...
2022-01-2347 minThe Tax Chick PodcastPhilanthropy 101 with special guest Lisa SandsOver the past few months, I noticed myself having the same conversation over and over with clients - they wanted to include a charitable donation as part of their estate planning, but had no idea how to choose a charity or where to start. I realized that people are generally a bit curious about what it means to be a "philanthropist". Sure, there are tax benefits to making a charitable donation, but there are many other reasons why a person might decide to donate to a charitable organization. This episode is the first in a 2-part series on...
2022-01-2042 minThe Tax Chick PodcastA fireside chat with a valuator - featuring special guest, JT DhootHave you ever had to obtain a formal "valuation" for something? Sometimes financial institutions will want a valuation if you are trying to get a mortgage to purchase a property. Other times, you may need to get a formal valuation before you can sell something - like a collection of artwork, or even your business. Sometimes Canada Revenue Agency will disagree with your value, and put their own valuators on the case.But when you hear the phrase, "You should get a formal valuation" do you know what that means? I know when I first became a lawy...
2021-12-1640 minThe Tax Chick PodcastEstate Planning is Cool! with Mehul GandhiMehul and I met through social media almost a year ago - he is a financial planner and business owner that also believes in the power of collaboration, and promotes the importance of building your "team". He also happens to be a fellow podcaster, and so we decided it would fun to hook up our fancy microphones and record one of our chats!We recognize that "estate planning" can seem very overwhelming. It is hard to know where to start, and often we just want to rip the bandaid off and get it done as quickly as po...
2021-11-2556 min
Listen for REALOverwhelm meets her problem-solving guruOur guest: Amanda Doucette a.k.a “The Tax Chick” - a tax lawyer practicing in Saskatoon, Saskatchewan. She is the host of “The Tax Chick Podcast” and the founder of “The Tax Chick Blog”Email: thetaxchickpodcast@gmail.comInstagram @tax.chickLinkedIn:https://www.linkedin.com/in/amanda-doucette-tep-83a9ab51/?originalSubdomain=caWebsite: www.shtb-law.comBlog: https://taxchickca.wordpress.com/Podcast: https://thetaxchickpodcast.transistor.fm/(Also available on Apple Podcasts, Spotify, Stitcher, Podbean, Pocketcast, and AmazonMusic)BIO: Amanda Doucette is a problem solver who loves showcasing the...
2021-11-1850 minThe Tax Chick PodcastCross-Over Episode with Break into Tax!Tax professionals are a lot of fun. Really, we are! One of the common themes that runs through almost every conversation I have with another tax professional is how much we love what we do. We also have a great sense of humour and are curious about the world around us. This episode of The Tax Chick Podcast is my first ever cross-over episode – and I am excited to introduce you to my special guest, Leandra Lederman – who also happens to be one of two faces behind the amazing YouTube series, “Break into Tax”. She is running Season 2 of that series. ...
2021-10-1434 minThe Tax Chick PodcastEstate Planning 101 with Christine van CauwenbergheDo you have a will? If yes, when was the last time you dusted it off? Do you know who is designated as a beneficiary on your insurance policies and/or your investments? Estate planning is not something to be taken lightly - getting some advice on the front end, can make all the difference for a smooth administration after your death.Today, I am joined by special guest, Christine van Cauwenberghe, Vice-President of Tax and Estate Planning (IG Wealth Management). We break down what you need to know about three main topics: (1) the do's and don'ts of b...
2021-09-0948 minThe Tax Chick PodcastInsurance 101 with special guests Jerry Gedir and Tracy DuffHow much do you really know about insurance? Do you know the difference between life insurance, disability insurance, and critical illness insurance? Do you think of insurance as a waste of money? Are you an advisor that avoids talking to your client about insurance because you do not quite understand the options available or when insurance may be helpful?Jerry and Tracy break down what you need to know about insurance products – including when insurance may be the “solution” to a problem. This episode is a must listen for new business owners who are wondering whether in...
2021-08-2646 minThe Tax Chick PodcastIncorporation 101 - tackling some of the myths surrounding incorporation, with special guest Phil GuentherThe issue of "when should I incorporate?" is one of the most common questions I get asked by business owners. So it seemed only fitting to devote the entire month of July... and two podcast episodes.... to the topic.On this episode of The Tax Chick Podcast, I am catching up with my friend Phil. We completed the CPA In-Depth Tax Course together and Phil is always down to nerd out on tax topics.Phil and I discuss: (1) What is the difference between a sole proprietorship and a corporation? (14:02) (2) How do you know when it is...
2021-07-2249 minThe Tax Chick PodcastShould I incorporate? A candid conversation with business owner, Erin Romeo, about her journey to incorporationI decided to dedicate the month of July to a discussion about incorporation - starting with a conversation with my friend, Erin Romeo - founder and principal strategist at Pivot Turn Consulting.Erin shares her personal story of her journey to incorporation - from her time as a litigation lawyer, to creating her own business. We talk about the tax advantages to incorporation (6:15) as well as the “tax-adjacent” issues you need to keep in mind (i.e., think cash flow!), and we also discuss what it takes to actually incorporate, and the importance of invol...
2021-07-0837 minThe Tax Chick PodcastWe are all in this together - learn to face taxes head on! (with special guest, Lisa Niser)It is 3 days before the tax filing deadline. You are scrambling around your house, gathering up boxes and random pieces of paper. You rush down to the office of the accountants who prepared your tax return last time and leave your documents at the front desk asking for anyone to just get your tax return done. You get an email from the firm providing a copy of your return and promptly delete it. It is probably correct - they know what they are doing, right? And besides, you do not understand those forms anyway!Does this sound like...
2021-06-1047 minThe Tax Chick PodcastDeath and Taxes (with Shruthi Raman and Vivek Swaminathan)"Nothing is certain except death and taxes."There are many misconceptions about what happens to your assets when you die. There is also a lot of fear. The best way to conquer fear is to face it head on! So join me and my special guests, Shruthi and Vivek - a lawyer and an accountant, who happen to also be married - as we break down what you need to know about death and taxes. We discuss what tax has to be paid when you die (13:10), what documentation you need to gather if you are an executor of...
2021-05-2047 min
Mind Your Biz PodcastEp 02: Build Your Team of Advisors | Tax Lawyer Amanda DoucetteProper tax advice is crucial for business owners. It is equally important that your various advisors work in synergy to make certain you and your business are being totally looked after. Amanda Doucette is a tax lawyer, podcaster, blogger, and one who is passionate about communication. Not only does she help her clients with tax disputes involving CRA, she also works with her client’s various advisors to help create a DREAM TEAM! In this episode, we discuss how and when to incorporate your business, the concept of tax integration for Canadian businesses, succession planning, and th...
2021-05-0542 min
The Life ResuméTax can be fun?During this episode we speak with Amanda Doucette A.K.A The Tax Chick about her journey as an advocate, a blogger, podcaster and a Tax Lawyer. Amanda's goal is to make tax fun, easy and accessible. If you're as intrigued as we were, tune in now - this is a must listen!
To learn more about Amanda, check her out:
Amanda Doucette
The Tax Chick Blog
@tax.chick
2021-04-1029 minThe Tax Chick PodcastFinancing for Entrepreneurs (with special guest, Candace Hrycan)Cash flow projections. Key Performance Indicators. Working Capital. Business Plans. Credit Scores.If you are a business owner, you need to know and understand what these phrases mean for you and your business. But, let’s face it - most of us do not enjoy pouring over spreadsheets and looking at numbers. Do not fear - my friend Candace Hrycan is here to break it down for you! Candace has over a decade of experience in the commercial banking world - in this episode we discuss: (1) What new business owners need to know about busine...
2021-04-0854 minThe Tax Chick PodcastState and Local Taxes 101: with special guest, Jamie Szal :-) (Brann & Isaacson)Our society is increasingly relying upon online retail. The pandemic has only served to further heighten this reliance. But online sales can attract some complicated tax consequences. What if your store is based in Vancouver, but you sell to customers in Virginia? Does it make a difference if your distribution center is solely based in Canada? Join me, and fellow Tax Chick, Jamie Szal, as we break down what you need to know about state taxes. RESOURCES DISCUSSED ON THE EPISODE#Networked Book is available at:US: http://bit.ly/NetworkedBooksCA: https://www.amazon...
2021-03-2550 minThe Tax Chick PodcastSales Tax 101, with special guest, Jordan BrownAre you a small business owner? Have you ever struggled with figuring out when/how to file PST and GST/HST returns? Curious of what to do if you are selling to another province? What about online sales?In this episode of The Tax Chick Podcast I am chatting with my new friend, Jordan, who is the owner of Lift Accounting here in Saskatoon. Jordan regularly assists small business owners with their sales tax needs. We discuss: (1) What is GST/HST and how does it differ between provinces, including what you need to know if yo...
2021-03-1141 minThe Tax Chick PodcastWhere the snowbirds fly - a chat on cross-border tax issues (with special guest, Steven Flynn, Andersen Tax LLP)February in Saskatchewan is cold. Very cold. So cold that any sane person would start dreaming about beach houses, and palm trees. This is why it seems like half our population flies south with the birds to warmer climates. But this year posed some challenges to our typical migration pattern. As a result, many Canadians are looking at alternative ways to utilize their vacation property. But do they truly understand the tax consequences of this decision? Join me and my guest, Steven Flynn, as we break down the general rules for a Canadian owning US property (10:00), and the additional conside...
2021-02-1149 minThe Tax Chick PodcastChoosing the Right Practice Area & Unexpectedly Rewarding Areas of Practice (with special guest, Emily Hirsekorn, Hirsekorn Coaching LLC)I have spoken previously about how tax law was not the area where I expected to build my career - yet, it is the place I feel most fulfilled. In this episode, I chat with lawyer and career coach, Emily Hirsekorn, on how to navigate the many options available to young lawyers starting their careers. Emily works with both mid-career and emerging lawyers - in this episode, we chat about: (1) how to choose your path (9:05); (2) how to build confidence in yourself and your career choices - hello imposter syndrome! (25:40); and (3) the importance of checking with yourself (41:30). I have always had...
2021-01-2154 minThe Tax Chick PodcastFlip or Flop? When tax issues and real estate collide - House Flipper Edition (with guest, Anna Malazhavaya of Advotax Law)Have you ever thought about buying a house with hopes to re-sell it for a quick profit? Are you a “house flipper”? Are you a real estate agent looking for a bit more information on the Canadian tax consequences relevant to your clients? Then this podcast episode is for you! Join me and fellow Tax Chick, Toronto lawyer, Anna Malazhavaya, as we break down everything you need to know about the “house flipping” in Canada… Well, maybe not everything. We only have 45 minutes! We promise to hit the highlights, including: a discussion of why house flippers cannot claim the principal resid...
2021-01-0753 minThe Tax Chick PodcastCorporate Styling 101: An interview with stylist Melanie Lippman2020 has been full of challenges and fears. It has also brought a new way of working to many people - with the introduction of Zoom video calls, and work from home, many people found their work life turned upside down. I like to think of myself as an adaptable person, but I also struggled this year with all the changes that happened. I have always loved fashion - but over the weeks that I started to work from home, I found myself wearing leggings and yoga gear far too often. When I had to go into the office, I woul...
2020-12-1842 minThe Tax Chick PodcastAn interview with a financial planner (with special guest, Janea Dieno)I stumbled across Janea a number of years ago following my divorce. I was feeling a bit scared, and financially unprepared for my new life. Lawyers typically do not have a built-in pension plan/investment plan through work - and we are really good at giving advice to our clients about financial stability, but often forget to implement this advice for ourselves. I am so grateful that I got to know Janea and now have her as a part of my personal financial team. Janea and I have something in common. We both believe that clients need...
2020-12-1056 minThe Tax Chick PodcastThe headaches and triumps of a small business owner, with Holly DeckerAre you curious about what it is like to be an entrepreneur? Join me and one of my BFFs, Holly Decker (owner and operator of Holly Decker Makeup Artistry), as we discuss the highs and lows of entrepreneurship. Topics include: (1) The road to entrepreneurship - how did Holly know that she wanted to own her own business (22:50); (2) Finances and taxes - what are some of the “headaches” involved in running your own business, and some tips and tricks for overcoming these roadblocks (26:38); and (3) New beginnings - how to ensure your business embraces change in order to stay relevant, while still...
2020-11-1253 minThe Tax Chick PodcastTax Litigation 101, with Sophie VirjiDo you break into a cold sweat just thinking about receiving the dreaded brown envelope from Canada Revenue Agency? What would you do if you received a call letting you know you had been chosen for an audit? Join me and my guest, fellow Tax Chick, Sophie Virji as we break down as we break down how to navigate the Canadian tax system. Topics of discussion include: (1) the audit - how to prepare for it, and the scope of audit powers (12:12); (2) the internal appeals process - how to file a Notice of Objection (42:01); and (3) a brief overview of appeals to...
2020-10-081h 03The Tax Chick PodcastA candid discussion on business structures, with guest Jared PilonDo you know the difference between a corporation, a sole proprietorship, a partnership or a joint venture? Have you been operating your business for awhile and thinking about making the leap into incorporation, but not sure whether it is right for you? Join me and my guest, Jared Pilon, a senior accountant with Roth Hrywkiw Fidek LLP in Red Deer, Alberta for an open discussion on business structures. We will explore how to choose your initial structure, how to know when it is time to make a change, and how to unwind what you have created.Topic #1: What...
2020-09-1044 min
The Tax Chick PodcastThe man behind the music - a casual chat with Craig Clement, the creator of my intro/outro music!In this bonus episode, we take a quick detour from our regularly scheduled programming to chat with Craig Clement. Who is Craig Clement? Well, Craig is an NBA enthusiast, die hard Drake fan, creator of the intro/outro music for this podcast, and… my fiancé. Join us for a candid discussion on Craig’s love of music and his creative process. Recorded in The James Hotel in the heart of downtown Saskatoon.RESOURCES DISCUSSED IN THIS EPISODEThe James Hotel - http://thejameshotel.ca/ The last podcast Craig listened to: https://www.theringer.com/the-bil...
2020-08-2135 minThe Tax Chick PodcastWhen family law matters and tax collide: traps your family law professional needs to know aboutAs if going through a separation or divorce wasn’t stressful enough, there are several income tax traps that can arise when dealing with issues arising from a separation. Not only does your family law advisor need to know about family law, but it’s important that they understand the fundamental tax issues that may also arise. A family law advisor can also help you avoid dealing with tax traps by effective planning through a prenuptial or cohabitation agreement. Agreements of this nature, and alternative methods of dispute resolution, are becoming a lot more popular as more spouses are prio...
2020-08-121h 09The Tax Chick PodcastYou are not an island - why collaborating with other professionals is a "must" for wealth successionWho is part of your team of advisors? Do you have a lawyer? An accountant? A financial planner? An insurance advisor? Do they all know about each other? Are you looking to find a team of advisors but do not know where to start? Does the thought of putting all these advisors in a room together fill you with terror and make you clutch onto your credit card? Are you an advisor that fits into one of these categories and wish you could be a part of a team? Then this episode is for you! Join me and my BFF Tr...
2020-08-1259 minThe Tax Chick PodcastBookkeeping 101 with Tasha BaierWhen it comes time to organize your statements and receipts do you suddenly feel the urgency to clean your closet, empty the dishwasher, take your dog for a walk, or do anything other than deal with the pile of paper on your desk? Do you stuff your receipts into a shoebox of shame and hide them under your bed? Are you forcing yourself to do the work but feel overwhelmed by all the new electronic products on the market? Then this episode is for you! Join me and my new friend Tasha Baier for a candid discussion on bookkeeping - wh...
2020-08-1254 minThe Tax Chick PodcastWelcome to The Tax Chick PodcastIn this "sneak-peek" episode, I share with you why I started this podcast, and what you can expect in upcoming episodes. If you are listening to this podcast because you are expecting a technical discussion on different tax planning techniques, then I am afraid this is the wrong podcast for you. I am not going to tell you how to defer tax, how to avoid tax, or talk about butterfly reorganizations, 10-8 insurance plans, or loss utilization strategies. So what is the purpose of this podcast? My goal is to give you...
2020-07-2507 min