How do taxes work? Do I have to pay back CERB? | Personal Taxes Explained pt1 |xoreni ft. Stephanie

How do taxes work? Do I have to pay back CERB? | Personal Taxes Explained | xoreni ft. Stephanie Williams

Hi everyone, thank you for watching! Today's video is part 1/2 of a video I did with Stephanie Williams of Serenity Accounting & Consulting.

Stephanie is a CPA,CA and is extremely knowledge on all things personal & corporate taxes, business & charity registrations, payroll and more. We discuss how you can lower your taxes (legally), whether you even need to use an accountant, how CERB works and much more.

CONNECT WITH STEPHANIE ‣ https://www.instagram.com/serenityaccounting/
EMAIL STEPHANIE ‣ contact@serenityservices.ca

Please like, subscribe & comment. Let me know what you want to see next!

♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡ ♡

CONNECT WITH ME ON INSTAGRAM ‣ https://www.instagram.com/xoreni/

Learn more on the CRA site ‣ https://www.canada.ca/en/services/taxes.html

Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.

CHAPTERS
0:00 Intro
2:06 Interview Starts
3:53 What is the role of an accountant?
5:05 When is the right time to approach an accountant?
7:20 How much can I expect to pay an accountant?
8:46 How do I choose a good accountant? Are there specific qualifications they should have? What should I ask my accountant to ensure they are a good person for the job?
12:50 What does it mean to file taxes? How do I file? When do I file? Why do I need to file? Where can I file? [Quick Overview]
15:32 Why would I not have paid adequate taxes throughout the year?
18:13 Do I have to declare passive income on my taxes? E.g. dividend income or capital gains from stocks
19:33 Do I have to pay taxes on the income I make in my TFSA?
20:06 If I received CERB payments, how do I account for that on my taxes?
23:05 As a non-resident do I have to pay taxes within my TFSA? Can I even open a TFSA?
24:45 At what income bracket do you suggest people start putting away money in a RRSP? How does the RRSP work to reduce taxes?
28:45 Any other ways to lower tax bracket aside from loading up your RRSP?/ How do I pay less tax (legally)?

xo, Reni ♡

Видео How do taxes work? Do I have to pay back CERB? | Personal Taxes Explained pt1 |xoreni ft. Stephanie канала xoReni