How to Pay Less Tax in Canada - Tips from a CPA
Avalon Accounting Avalon Accounting
17.2K subscribers
7,653 views
0

 Published On Mar 1, 2024

Joe from Avalon gives you 29 rapid-fire tips so you can pay less tax and take advantage of government incentives available to you. Check it out, your wallet will thank you!

✅ Download the Tax Saving Checklist Here: https://avalonaccounting.typeform.com...

******************************

🎥 CONTENTS OF THIS VIDEO

00:00 - Intro
00:15 - Detailed Tax Saving Checklist
00:49 - 1. Get Informed About Taxes
01:11 - 2. File and Pay Your Taxes On Time
02:19 - 3. Claim the GST/HST Credit
02:59 - 4. The Ontario Trillium Benefit
03:14 - 5. The First-Time Home Buyers' Tax Credit
03:34 - 6. The Home Accessibility Tax Credit (HATC)
03:58 - 7. The Multigenerational Home Renovation Tax Credit (MHRTC)
05:04 - 8. Deduct Medical Expenses
05:28 - 9. Deduct Child Care Expenses
06:04 - 10. The Canada Child Benefit (CCB)
06:31 - 11. The Child Disability Benefit
07:07 - 12. Claim the Canada Caregiver Credit
07:56 - 13. Registered Education Savings Plan
08:29 - 14. Tax-Free Savings Accounts
09:02 - 15. First Home Savings Account
09:36 - 16. Registered Education Savings Plan
10:36 - 17. The Canada Training Credit
11:05 - 18. The Tuition Tax Credit
11:42 - 19. Student Loan Interest
12:32 - 20. Charitable Donations
13:13 - 21. The Digital News Subscription Tax Credit
13:45 - 22. Claim Moving Expenses
14:12 - 23. Deduct eligible Work from Home Expenses
14:38 - 24. Claiming Investment Losses
15:27 - 25. The Climate Action Incentive
15:59 - 27. Political Contribution Tax Credits
16:20 - 28. Disability Tax Credit
16:55 - 29. Claim Other Employment Expenses

******************************

🔗 MENTIONED IN THIS VIDEO

► Detailed Tax Saving Checklist
https://avalonaccounting.typeform.com...

► Tax Deadlines
   • Save Money and Avoid Penalties: 2024 ...  

► RRSP Tax Savings
   • RRSP Contributions - How Much Tax Wil...  

► A Guide to FHSA
   • FHSA Canada - A Guide to the First Ho...  

******************************

🅰️ AVALON ACCOUNTING

Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada.

We provide online bookkeeping, accounting services and expert financial advice for small businesses.

We are on a mission to educate small business owners through our YouTube channel, blog and free resources. Check out our links below to dive in.

► Website: https://www.avalonaccounting.ca/

******************************

🧑‍🏫 ONLINE COURSES
► Take your business to the next level with our online courses.
https://www.avalonaccounting.ca/courses

📈 BOOKKEEPING AND TAX FOR FREELANCERS
► This course teaches sole proprietors how to simplify bookkeeping and taxes.
https://www.avalonaccounting.ca/cours...

show more

Share/Embed