The Parent's Tax Playbook: From Diapers to Dividends | Adrian Bar (Canadian in a T-Shirt)

In this episode, I sit down with Adrian Bar (Canadian in a T-Shirt) to break down a simple “tax playbook” for Canadian families, from young kids all the way to young adults.We walk through how the system actually works in real life:How RRSP contributions can do more than lower your tax bill, they can increase your Canada Child Benefit paymentsWhy teens should file a tax return even if they earn little (or nothing)What changes at age 18 and 19, and how that affects benefits and creditsHow to think about FHSA vs TFSA when helping your kids take their first financial stepsThis is a practical, stage-by-stage conversation to help you stop reacting to taxes and start using them to support your family’s long-term financial picture.If you’re heading into the April 30 deadline, this episode will help you think a little differently about the decisions you’re making right now and the impact they can have later.Show Links:Youtube: youtube.com/c/CanadianinaTShirt/Instagram  instagram.com/canadiantshirtChapter List:00:00 Introduction to Tax Planning for Parents00:50 Maximizing Benefits: The CCB Double Dip Strategy03:33 RRSP vs. TFSA: Making the Right Choice07:39 Filing Taxes as a Teen: Why It Matters11:44 Understanding RESPs and the 13-Week Rule14:25 Prioritizing Withdrawals from RESPs16:08 Navigating RESP Withdrawals and Tax Implications18:29 Navigating Financial Independence for Young Adults18:49 Understanding the First Home Savings Account (FHSA)25:38 Key Financial Rules for Parents28:23 Summary