ACCOUNTANT EXPLAINS 9 Easy Things to do to Cut Your Taxes in Canada

Gabrielle Talks Money March 25, 2025
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Gabrielle Talks Money

@gabrielletalksmoney

About

Hi, I'm Gabrielle. I created my channel with the aim to help Young Professionals and Millennials achieve their Money Goals. After paying off $30,000 in Student Loans and saving up over $100,000 (all while traveling) by the age of 27, I purchased my first real estate property in one of the most expensive cities in the world. I have always been passionate about personal finance and wanted to share my money journey to becoming financially independent. I'm a designated CPA in both Canada and the US, and worked as a Tax Manager at one of the Big 4 Accounting Firms, advising Global 500 companies. After 7+ years, I gathered the courage to quit my 9-5 to start my own Tax Firm called Balance and Wealth CPA so I could make an impact in my own way. My mission is to guide business owners in Canada understand and navigate their business finances, so they can ultimately achieve financial independence too.

Video Description

Get Cash Back (4%) or Credit Card Points (1.25x) by Paying Your Taxes with Chexy: https://app.chexy.co/?utm_source=gabrielletm&utm_medium=influencer&utm_campaign=tax&utm_term=&utm_content=&redirect=/ 00:00 Intro 00:24 Tax Deductions vs. Tax Credits 02:00 Tax Credits #1 - First-Time Home Buyer's 02:26 Tax Credits #2 - Tuition 03:14 Tax Credits #3 - Medical 04:55 Tax Credits #4 - Donations 06:25 Get Cash Back or Points by Paying Your Taxes with Chexy 08:07 Tax Deductions #1 - Childcare 08:50 Tax Deductions #2 - Home Office 10:24 Tax Deductions #3 - Moving 11:56 Tax Deductions #4 - Interest, Investment, Accounting Fees 13:00 Tax Deductions #5 - FHSA/RRSP Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for advice related to your specific situation. ________________________________ LINKS MENTIONED ➡️Registered Charities Search: https://apps.cra-arc.gc.ca/ebci/hacc/srch/pub/dsplyBscSrch?request_locale=en ➡️Home Office Calculator: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/work-space-home-expenses/calculate-expenses.html ➡️Moving Expenses: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-21900-moving-expenses/line-21900-expenses-you-deduct.html ________________________________ FREE RESOURCES ➡️FREE BOOKKEEPING TEMPLATE https://www.gabrielletalksmoney.com/resources ➡️FREE BUDGETING TEMPLATE https://www.gabrielletalksmoney.com/resources ________________________________ CONNECT WITH ME 💼 Tax & Accounting Services: https://www.balanceandwealth.com/ 🌍 Blog: https://www.gabrielletalksmoney.com 📸 Instagram: @GabrielleTalksMoney ________________________________ WHO AM I: Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, Gabrielle worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, advising Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips. ________________________________ *This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).

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