EPISODE · Jul 5, 2024 · 38 MIN
How to Save Tens of Thousands in Taxes Each Year with Vince's Canadian Accountant
from 7-Figure Steward · host Vince Del Monte
Welcome back to the Vince Del Monte Podcast. Today, I am joined by Daniel, my accounting expert, to bring us into the critical topic of tax savings for online fitness coaches, particularly those based in Canada. We talk about strategies to maximize your earnings by minimizing your tax liabilities.If you're unsure when to switch from a sole proprietorship to a corporation or how to claim deductions, this episode is for you.In this episode:00:15 Understanding taxes and your earnings01:55 Business structure05:11 Personal vs. Corporate tax rates07:18 Incorporate your business11:32 Tax planning strategies27:12 Maximizing Tax-Sheltered Accounts33:48 Final Thoughts and Takeaways===⏯️ Learn How to Achieve Freedom From Fitness on My YouTube Channel: https://www.youtube.com/vincedelmonte💰 Get Coached to Start, Grow or Scale Your Fitness Biz: https://fbfitpro.com/12-weeks🦅 Join Our Free FB Group & Soar Higher: www.VincesFreeGroup.com===LET'S CONNECT:YouTube | @vincedelmonteTik Tok | @vincedelmonteInstagram | @vincedelmonteFacebook | Vince Del Monte
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What this episode covers
Welcome back to the Vince Del Monte Podcast. Today, I am joined by Daniel, my accounting expert, to bring us into the critical topic of tax savings for online fitness coaches, particularly those based in Canada. We talk about strategies to maximize your earnings by minimizing your tax liabilities. If you're unsure when to switch from a sole proprietorship to a corporation or how to claim deductions, this episode is for you.
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How to Save Tens of Thousands in Taxes Each Year with Vince's Canadian Accountant
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