Podcasts about ufile

Many Canadians have already filed their taxes, but the Canada Revenue Agency (CRA) has now paused new reporting requirements for bare trusts, giving thousands an unnecessary bill. Guest: Gerry Vittoratos - National Tax Specialist, UFile.ca

Jill speaks with Gerry Vittoratos, UFile's national tax specialist, to find out about all the new benefits, deductions, and other income tax changes that are in store for tax filers this year! Guest: Gerry Vittoratos - National Tax Specialist, UFile.ca

What's next for Kevin Falcon? Rob Shaw, Political Correspondent and columnist with CHEK News and the Orca discuss Kevin Falcon's win in the Vancouver-Quilchena byelection  It's Tax Day today! Gerry Vittoratos, National Tax Specialist, UFile.ca gives last minute tips on filing your taxes What does it take to run a marathon? This past weekend marked the first Vancouver Marathon in three years. Jawn Jang, Jas Johal Show Contributor, describes his experience running the Vancouver Marathon back in 2018.  Does positive reinforcement improve our performance? Dr. Hagar Goldberg, Ph.D. Social Affective Neuroscience and Professor of Psychology at UBC discusses strategizes to improve your performance in a variety of settings.  Overhauling the healthcare system  Dr. Brian Day, Hon Associate Professor of Orthopedics, UBC and Past President Canadian Medical Association discusses the need for a switch to private health care.  Why is cannabis going down in price? CKNW Contributor Eric Chapman chats with Deepak Anand, CEO Materia about why cannabis is becoming cheaper.    See omnystudio.com/listener for privacy information.

Gerry Vittoratos, National Tax Specialist, UFile.ca gives last minute tips on filing your taxes

See omnystudio.com/listener for privacy information.

(Weekend Edition with host Jawn Jang)  Thursday, April 22nd was the 70th anniversary of The Battle of Kapyong, in which 20,000 plus Canadian soldiers answered the call of duty during the Korean War.  Jawn Jang chats to Murray Edwards, a retired Major and Korean War veteran. RUOK with LeVar Burton having gin with Ryan Reynolds? Or "double-masking"? Gerry Vitoratos, National Tax Specialist with UFile.ca explains how you can properly claim your COVID-19 Benefits on your 2020 Tax Return. And, The Big Jang Theory: Is there a right way to use celebrity power and influence to inspire others to do the right thing during the pandemic? HEY, DO YOU LIKE PODCASTS? Why not subscribe to ours? find it on Apple, Google, Spotify & Curiouscast.ca See omnystudio.com/listener for privacy information.

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

Chapter 1: Challenging... terrifying... discouraging... rollercoaster.  Those are a few words used by front-line health-care workers across Canada to describe the coronavirus pandemic... which marks one-year as of this week.  Guest: Caryn Lieberman, Global National Health Reporter Chapter 2: Starting today at noon, seniors aged 85 and up, Indigenous elders aged 65 and up, and those assisting them can start booking. That wasn't set to happen until Monday. Health Minister Adrian Dix made the announcement in a last minute press conference yesterday. Guest: Adrian Dix, Provincial Health Minister. Chapter 3: With the Green/COPE majority in favor and the NPA minority opposed, the Vancouver Park Board has decided to bring back the temporary bike lane in Stanley Park this summer.  The vote was 5-2 last night.  The bike lane eliminates one lane of traffic for cars and a number of parking spots, something businesses in the Park oppose saying they desperately need the traffic to survive financially Guest: John Coupar, Vancouver Park Board Commissioner. Chapter 4: A Freedom of Information request shows one of the newly hired deputy chiefs for the Surrey Police Service is making a base salary of 235-thousand-dollars a year and up to 321-thousand with benefits...more than the Premier and more than senior RCMP members. Guest: Janet Brown, CKNW/Global News Senior Reporter. Chapter 5: While you can purchase live spot prawns by the pound from local fishmongers, direct from the boats at docks in Vancouver at Granville Island, Richmond in Steveston, and Delta in Ladner, or at grocery stores, one key part of the business is the frozen-at-sea spot prawns.  An interpretation of a new ruling by the DFO, however, would find the sale of any spot prawns frozen-at-sea illegal. Guest: Sonia Strobel, CEO, Skipper Otto Community Supported Fishery Chapter 6: This tax season is looking very different compared to years past.  Because of the pandemic, many of the benefits Canadians received are taxable and some are not which can make things a little bit more complicated this year. Guest: Gerry Vittoratos, UFile tax expert See omnystudio.com/listener for privacy information.

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

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 explain how to get organized with your tax documents, how changes in your life affect certain tax credits, and to be mindful of other notable items. UFile blog article: https://www.ufile.ca/tips-and-tools/ufile-blog/ufile-blog/2021/01/13/tax-readiness-checklist

Can you believe it’s been 4 years since I had tax expert Gerry Vittoratos on the show? That’s right, he was the guest for episode 44 of the Mo’ Money Podcast, so I think that means he’s one of my OG guests! Well, it’s a new season and new decade, and it’s also tax season so I thought I’d bring him back on the show to talk about taxes. In case you don’t know Gerry, he really knows his stuff when it comes to taxes. He’s been working for Thomson Reuters for over 10 years as a trainer and tax support resource person. In his capacity as head trainer, Gerry has been providing training sessions to tax professionals all over Canada. He has also made several radio and TV appearances on BNN and Global TV as the UFile tax specialist discussing a multitude of tax topics. He has also served as the main resource person for the tax support department of Thomson Reuters, resolving complex tax issues and questions for tax professionals using the DT Professional Suite. Lastly, Gerry obtained his Graduate Diploma (Gdip) in Taxation from Sherbrooke University in 2018, and is in the process of obtaining a Masters of Taxation! Here are some of the things we talked about in this episode. Tax Brackets, Average Tax Rate & Marginal Tax Rate We talked at length about tax brackets and how in Canada we have a progressive tax system. That means that you pay different tax rates on different portions of your income. Here’s how that would look for your 2019 taxes: 15% on your first $47,630 of taxable income 20.5% on your next $47,629 of taxable income (on any taxable income over 47,630 up to $95,259) 26% on your next $52,408 of taxable income (on any taxable income over $95,259 up to $147,667) 29% on your next $62,704 of taxable income (on any taxable income over 147,667 up to $210,371) 33% on your taxable income over $210,371 Your average tax rate is the amount of tax you pay divided by your income. Average Tax Rate = Total Tax / Total Income Your marginal tax rate is the amount of tax your would pay on your next dollar of income. With that said, your average tax rate is what you need to know because it will show you how much money you have to pay the government in taxes. To help, here’s UFile’s Income Tax Calculator. Refundable & Non-Refundable Tax Credits There are a ton of tax credit available that you can take advantage of, but it’s important to know the difference between those that are refundable and those that aren’t. Both are still good, but ultimately refundable tax credits are the best kind because you can a tax refund if you use it. For non-refundable tax credits, they only decrease the amount of tax you owe. In other words, if you owe $300 in taxes and your non-refundable tax credit is for $500, you won’t get $200 refunded to you. Your taxes owed would simply become $0. For more information, check out the CRA’s page on non-refundable and refundable tax credits.  Tax Credits, Deductions & Business Expenses to Be Aware Of There are a ton of tax credits you can take advantage of, and when you use a tax software like UFile, it will help you find out which ones you quality for. Otherwise, check out this list of deductions, credits and business expenses by the CRA that you may be able to help reduce how much you pay in taxes. Taxes on Investment Income If your investments are in a TFSA and/or RRSP, then you don’t have to pay any taxes on any investment income you earn from interest, dividends or capital gains. But, if your investments are in a taxable (unregistered) account, then you will have to pay taxes. Here’s how that all works: For any interest you earn (GICs, savings accounts, bonds…), those amounts are taxed at your marginal tax rate. For any Canadian dividends you earn, you may be eligible for the Canadian dividend tax credit which will lower your tax rate on that income. For any capital gains you earn (the profit you earn when you sell stocks or equity mutual funds or ETFs), only 50% of those capital gains are taxable. That means you get to keep 50% of that profit and not pay tax on it, and the remainder is taxed at your marginal tax rate. More Tax Resources As Gerry mentioned on the podcast, make sure to check out these other tax resources that will help you this tax season. Income tax calculator UFile’s tax blog CRA’s personal income tax hub Save 15% When Filing Your Taxes If you want to get your taxes done by using UFile, make sure to use promo code MOMONEY to get a special 15% off! For full episode show notes visit https://jessicamoorhouse.com/233

It’s that time of year again. You know, the time to start thinking of getting your taxes done. Most people dread it, I love it (because I’m a weirdo), but as the saying goes taxes is one of the two certainties in life. To give you a head start this tax season, and to help you change your mindset so you don’t hate it, I’ve got Lisa Zamparo (CPA & founder of The Wellth Company) back on the show. You probably remember her from episode 137 where she joined me to discuss how to be responsible with debt and credit. Well, she’s back and is sharing some amazing tips on how to do some tax time prep like a pro! Also, as Lisa mentioned, if you want to get one of her tax season self-care kits, sign up to work with Lisa before February 21! 4 Steps for Tax Prep Tax prep is super easy, you just need to give yourself some time and know what to do. Here are 4 steps you can take to get prepared like never before! Step 1 – Download my tax prep checklist. Step 2 – Get some stationary, boxes and tools that are pleasing to the eye to get you excited. Step 3 – Actively try to switch your mindset about tax time. Remember that by taking the time right now to make a system for tax time, you won’t have to do all this heavy lifting next year. Once you’ve got a system in place, it’ll be 10x easier next time! Step 4 – Start preparing tax return. If you want to do it on your own, use online tax software like SimpleTax, UFile, TurboTax or H&R Block’s Online Tax Software. Make sure to Google for a promo code to save money. If you need some help with your taxes, hire a professional tax accountant to help you (like Lisa!). Step 5 – If you’re self-employed, make things easier for next year by using some online accounting software like Freshbooks, Quickbooks or Wave. Step 6 – After you’ve filed your taxes, if you get a tax refund, be smart about it! Don’t just spend it. Use it to pay down debt or invest for your future. Follow Lisa LisaZamparo.com Instagram: @lisa.zamparo Twitter: @lisazamparo Facebook: Lisa Zamparo For full episode show notes, visit https://jessicamoorhouse.com/183  

It's never been easier to do your own taxes! This week we look at the basics behind doing your own taxes. Still not comfortable doing your own taxes? Tax clinics are an option available to qualifying households! Twitter: ffcoach Email: info@ffcoach.ca

RRSP season is upon us and more and more Canadians are preparing to file their own taxes. Here are some of the fundamental aspects of RRSPs and the tax benefits they provide to tax filers. Gerry Vittoratos, the lead tax specialist at UFile, answers listeners calls and texts about taxes! 

How to Do Your Taxes the Right Way with tax expert Gerry Vittoratos, lead trainer at Thomson Reuters and tax specialist at UFile.

I interview UFile tax specialist Gerry Vittoratos on what tips we should all know so we can do our taxes like a pro and get the biggest tax refund possible. Long episode description: As I mentioned at the beginning of this episode, before I launched this podcast one of the topics I hoped to cover down the road was taxes. You may think that taxes are complicated, intimidating, boring, or maybe you just don’t want to think about them at all. No matter the case, we all have to do our taxes every year, so we might as well educate ourselves so we can get the best possible tax refund. I still remember the first year I did my taxes on my own. I used UFile to file online and I was terrified. I had no idea where to start and thought the process would take me a few weeks. Luckily at 24 my finances were very simple and UFile was very easy to use, so it ended up only taking me a few hours. Since then, I’ve gotten married and my finances have definitely become a lot more complicated. The one big thing that has changed is I’m no longer terrified of doing my taxes. Every year I continue to learn how to optimize filing my taxes, and in this episode UFile tax specialist Gerry Vittoratos really breaks down the secrets to being a pro tax filer. Tips on How to Be a Pro Tax Filer Gerry shares a wealth of knowledge in this episode, so here is a simple list of some of his top tips on how to be a pro filer. Get organized: Gerry mentions this tip throughout the episode because it can effect your experience and your refund big time. I mention my method of using two boxes to hold receipts and documents for my husband and I, and I highly recommend you implement a similar practice too. Scan your documents: Besides having all of your paper documents and receipts in one place, scan them too! Not only is it a great way to digitally archive anything, this makes it way easier to search things too. Take advantage of medical tax credits: There are a ton of tax credits you can take advance of, but some credits that Gerry mentions most people don’t even think about are medical tax credits. Check out the CRA’s website all about what you can claim and how to do it. Read your tax software guide: If you plan on using a tax software like UFile, make sure to read the guide so you can get the most out of it. It sounds so simple, and that’s because it is. So do it! Don’t do something stupid with your refund: Getting a big tax refund is only awesome if you don’t blow it on something you’ll regret later on. Don’t be like so many others and waste your tax refund on a vacation. Make the smarter choice and use it to pay down your debt or invest it. Blog Posts by Gerry Vittoratos Your most important tax document Tax Awareness Super Useful Tax Resources 5 Surprising Ways You Could Save on Your Taxes this Year Tax Preparation Checklist UFile Gets a Major Facelift & I’m Giving Away Prizes to Celebrate! Top 10 Things You Need to Do Before Filing Your Taxes Shownotes: jessicamoorhouse.com/44

Download Top Tech 024 - Personal Finance At this time, hollow out your mattress as the Most Powerful Men in Canada discuss Top Tech. This week, Personal Finance. notes: Mint.com Ufile CRA Netfile 13:45 - Intro music: “American Money” by Yoko Kanno