Real Tax News - Episode #6 - Tariffs and Taxes: What Matters is What You Keep

In uncertain tax and economic times like these, what decisions do Canadians have to make about their finances? What can be done to shore up threats to income and wealth accumulations? What should be done and by whom? What matters?   It’s not one-size fits all - take a multi-stakeholder and a multi-advisory approachDo a Deep Dive – a Thorough Financial AssessmentHow to Control The Wealth Eroders: Taxes, Inflation and FeesThe Budgets: Federal and ProvincialEvelyn discusses financial advice for Canadians in uncertain economic times. She emphasizes focusing on what one can control: taxes, inflation, and fees. Evelyn recommends conducting a thorough financial assessment, including creating a net worth statement and reviewing tax returns. She advises on using tax refunds wisely and highlights the importance of considering capital gains tax changes before the end of 2025. Evelyn stresses the value of professional advice for long-term financial planning and discusses the challenges with Canada Revenue Agency's service levels. She also mentions recent provincial budget trends, noting tax relief measures in Alberta and Nova Scotia.Sign up for Knowledge Bureau Report at www.knowledgebureau.com for latest news and weekly updates!Sound production and editing by Classic Jax Studios learn.knowledgebureau.com