Episode 4 | Pay Less Taxes
Diamond Hands: Saving, Investing, Financial Independence
English - January 26, 2021 09:15 - 13 minutes - 14.2 MBInvesting Business Education Self-Improvement Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
"In this world nothing can be said to be certain, except death and taxes."
- Benjamin Franklin
This episode provides a broad overview of how the tiered income tax system works, avoiding capital gains taxes through selective selling, and whether a big tax return is even a good thing.
See you next time on Feb 2nd with "Episode 5: TFSA vs RRSP".
Peace!
Relevant Links:
https://www.investopedia.com/terms/t/taxshelter.asp#:~:text=A%20tax%20shelter%20is%20a%20place%20to%20legally%20store%20assets,future%20tax%20liabilities%20are%20minimized.&text=Qualified%20retirement%20accounts%2C%20certain%20insurance,examples%20of%20potential%20tax%20shelters. (Tax Sheltered Investing)
https://www.moneysense.ca/save/tax-brackets-canada-provinces-2020/ (Canadian Tax Brackets)
https://finance.zacks.com/determine-shares-sell-fifo-lifo-9766.html (FIFO vs FILO)
Many thanks to the following:
https://www.youtube.com/watch?v=1LOUtALSDqw (Moon Theme - DuckTales- L'Orchestre de Jeux Vidéo)
You can contact me at [email protected]
"In this world nothing can be said to be certain, except death and taxes."
- Benjamin Franklin
This episode provides a broad overview of how the tiered income tax system works, avoiding capital gains taxes through selective selling, and whether a big tax return is even a good thing.
See you next time on Feb 2nd with "Episode 5: TFSA vs RRSP".
Peace!
Relevant Links:
Many thanks to the following:
Moon Theme - DuckTales- L'Orchestre de Jeux Vidéo
You can contact me at [email protected]