The Tax Chick Podcast

Join law students Nick Kane, Frank Chou, Blake Barnes, and Tona Hagen for a hilariously chaotic tax trivia showdown! They dive into quirky historical taxes, like Germany's dog tax and a bizarre German law that once allowed deductions for bribes. The group also learns about Denmark's ambitious cow emissions tax plan and discusses who qualifies for Canadian moving expenses. This fun and informative game blends legal insight with playful banter, making taxes surprisingly entertaining!

As 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 your own personal griefSupporting grieving family members by helping to provide structure, and engaging in curious conversationsMaintaining emotional health in our professional livesHERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"

Explore the essential role of Powers of Attorney in estate planning. Discover why they matter alongside wills and the implications of provincial laws across Canada. Learn about designating trusted individuals for different roles and the potential need for a second power for international use. Uncover how banks are ramping up verification processes, and hear practical tips on working with financial institutions. Lastly, Amanda emphasizes the importance of revisiting older documents to ensure they still meet your needs.

Explore the crucial considerations after the first spouse's passing. Learn about cash flow planning and access to credit to support the survivor. Dive into the tax implications of death, focusing on probate versus income tax. Amanda emphasizes the importance of gathering asset information and updating beneficiary designations. Discover the differences between insurance needs for first-to-die and last-to-die scenarios. Finally, she shares tips for preparing digital access and running a 'fire drill' to ease future stress.

Switching 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 event on Canadians owning US real estateEnns v. CanadaHarvard PropertiesBarwicz v. HMTKHERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP" 

Dive into the ins and outs of CRA proposal letters! Discover what these letters entail, the critical response deadlines, and how they can vary. Learn about the implications for large corporations and the stringent rules they face during audits. Uncover the importance of informal disclosure and what documents you can request from CRA to bolster your case. Amanda emphasizes the need to gather comprehensive audit information before challenging any reassessments. Tune in for actionable insights that could ease your tax burdens!

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-assessed HST/GST on barter deals: (16:30)Write-offs for content creators (18:04)Potential solutions if you have messed up on your filings (26:55)Invoicing (29:00)Tune in to learn how to keep your finances in check while you grow your online empire!CONNECT WITH JAMI:Website: jamimonte.comInstagram: @jami.monteYouTube: @jamimonteLinkedIn: https://www.linkedin.com/in/jamimonteHERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP" 

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" 

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" 

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 3 (Episode 3) Three Common Audit Flags HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"