The Tax Chick
500 123 2nd Avenue South S7K 7E6 Saskatoon, SK, Canada

Something really cool happened this week to The Tax Chick Podcast I got an email from the producer of the @siriusxm podcast Moolala - inviting me to be a guest on the series to talk about The Tax Chick Podcast My episode will air this weekend on SiriusXM Radio Canada Talks Channel 167 at 7pm ET on Friday, 9am ET on Saturday, 11am and 9pm ET on Sunday and 8pm ET on Monday (and anytime on the SiriusXM app). ... The following Tuesday, the full show will be available for download on iTunes, Spotify and Stitcher and will also be available on the Moolala website. I will make sure to post the link in my bio A big thanks to Bruce Sellery - Moolala for inviting me to be a guest on the show - it was so much fun! * * * * * #exciting #podcastlife #podcastersofinstagram #tax #smallbusiness #livingthedream #yxe #lawyerlife

I cannot tell you how many times I have been in a meeting with clients and heard, I don’t need insurance Amanda. It is a waste of money. My response is simple. Actually, it is one of the smartest investments in yourself and your business that you can make. People tend to assume that nothing bad will ever happen to them. Or, that health problems are a thing you only need to be worried about in the VERY FAR future. Unfortunately that is not always the case.... In today’s blog post, I share about how a serious health event that occurred to my dear friend a couple of weeks ago was a good reminder of the value of insurance Link in my bio for the full blog post . . . . . #blog #bloggerlife #bloggerlifestyle #bloggerlove #bloggers #bloggersgetsocial #bloggerslife #bloggersofinstagram #bloggerstyle #blogging #bloglife #blogpost #blogs #global #instablogger #know #portal #read #reading #share #this #week #world

I visit @citizencafebakery (a local coffee shop) on a VERY REGULAR basis. In fact, I just popped in this morning on my way to work. It happens to be right next door to my favorite pilates studio and just down the street from my office.... And their coffee is the best - beans imported from the Yukon (yum!) One day, I was reading my book and drinking my coffee when I heard a child at the nearby table say, Look at the coo-coo clock mom!! My initial thought was, there’s no coo-coo clock here! But sure enough, just as I had that thought, I heard the familiar sound of the clock going off on the hour. Turns out it had been there all along - I just hadn’t seen it. I just needed a fresh perspective to point it out to me. I realized the other day that I try to be like that child when helping my clients through their business hurdles - sometimes you just need someone to come in and give you a new perspective! Have you ever had an experience where you did not see something that was right in front of you? #perspective #business #plan #yxe #supportsmallbusiness

TAX TRIVIA TUESDAY!!! While cryptocurrency has the word currency in its name, Canada doesn’t recognize it as a currency. Only the Canadian dollar is recognized as official currency in Canada. Digital currency is categorized as a commodity - you must report gains and losses from the sale of cryptocurrency. Goods purchased using digital currency must be included in income, and GST/HST is applicable.... #thetaxchick #tuesdayfun #trivia #tax #money #lawyer #themoreyouknow

Tax Trivia Tuesday!! Arizona levies tax on bulk purchase of ice (i.e. ice block). But surprisingly, on the other hand, purchasing ice-cubes is totally exempt from tax. So, if you visit Arizona in the future, make sure you opt for ice-cubes to save money. ... . . . . . #business #businessowner #entrepreneur #finance #financialfreedom #incometax #irs #love #smallbusiness #tax #taxtime .

Do you have a Will? When was the last time you dusted it off? Do you know what your income tax liability will be on death? If so, do you know how you will pay it?... Estate planning is about more than just drafting a quick Will - it does not have to be complicated, but if you fail to plan, you can leave a huge mess for everyone to clean up after your death. If you are curious to learn more, check out the latest episode of The Tax Chick Podcast - I have a candid conversation with my special guest, Christine, on these topics and more! Available now on all major streaming platforms or through the link in my bio #podcast #estates #business #yxe #yqr #newepisode

A few days ago I was meeting with estate planning clients and I asked them about what insurance they currently had in place. They looked at each other and then back at me and said, Well, we have some life insurance but then there is this investment portion? If this is how you feel about insurance, you are not alone! ... Insurance is an often misunderstood product - but for business owners (in particular) it can be critical to the health of your business. So I decided to grab my friends, Jerry Gedir (Continuity) and Tracy Duff (Skye Planning Group) and have a candid conversation on life insurance, disability insurance and critical illness insurance. This is a really great episode for business owners who are curious about how insurance can fit into their plans - and is also a helpful resource for other advisors who are looking to better understand insurance products. The episode is now live on all major streaming platforms (or through the link in my bio) . . . . . #applepodcast #applepodcasts #business #entrepreneur #inspiration #instagood #itunes #life #motivation #newpodcast #podcast #podcaster #podcasters #podcastersofinstagram #podcasthost #podcasting #podcastlife #podcastmovement #podcasts #podcastshow #radio #spotify #spotifypodcast #insurance #yxe #yqr

TAX TRIVIA IS BACK!!! (By popular demand :) Have you heard about the chopstick tax? In 2006, China introduced a 5% tax on disposable wooden chopsticks in order to protect and preserve the shrinking forests. The authorities believed that this measure would encourage people to eat with reusable, plastic chopsticks instead of traditional ones.... . . . . . #dailyfacts #didyouknow #dyk #facts #knowledgeispower #nowiknow #questionoftheday #questions #quiz #themoreyouknow #til #trivia #triviagame #triviagames #trivialove #triviaquestion #triviaquestions #triviatime #triviatuesday #triviatuesdays #tuesdaytrivia #yxe

Every Saturday night growing up, I would go to church with my parents and then we would come home, eat pizza, and watch Bumper Stumpers. To this day, when I see a novelty license plate, my mind immediately returns to those Saturday nights. Each license plate was an individual puzzle that needed to be solved. ... My dad particularly enjoyed trying to figure it out - he would laugh so hard that he would cry - a trait I have also inherited. Maybe this is where my love of figuring out difficult problems started. A Saturday night with my parents, eating pizza and watching a quiz show. I love to get my hands into a difficult issue and see if I can come up with a creative solution. Often new clients will come in and apologize for the mess they are in. But no apologies are required - I am happy to help and be part of creating the solution. PS - the name The Tax Chick was chosen because of a license plate I saw in Toronto many years ago that read TXCHCK What novelty license plates have you seen recently? . . . . . #entrepreneur #goals #happy #inspiration #instagood #instagram #life #lifestyle #mindset #motivation #motivational #motivationalmonday #motivationmonday #motivations #positivevibes #success #yxebusiness #yqr #yxeliving #lawyerlife

I decided that July would be incorporation month in Tax Chick land :) The issue of when should I incorporate? is one of the most common questions I am asked by business owners. So it seemed only fitting to devote a month to the topic. On this new episode of the Tax Chick Podcast, I am catching up with my old friend Phil - we completed the In-Depth Tax Course together and Phil is always down to geek out about tax topics.... Phil and I discuss: (1) how incorporation should not necessarily be a sign of status; (2) the thresholds we look for prior to suggesting incorporation and (3) the importance of getting your arms around your cash flow and knowing your profit levels. This is a must-listen for business owners! Pair it with the episode I released earlier this month, and a glass of your favorite beverage This episode is available now on all major streaming platforms, or through the link in my bio. What is the biggest fear you had to overcome as a business owner? Leave me a note in the comments below . . . . . #applepodcast #applepodcasts #business #entrepreneur #inspiration #instagood #itunes #motivation #newpodcast #podcast #podcaster #podcasters #podcastersofinstagram #podcasthost #podcasting #podcastlife #podcastmovement #podcasts #podcastshow #radio #spotify #spotifypodcast

Continuing with my theme for the month of incorporation, the latest post on The Tax Chick Blog is all about taking that leap! Check out the blog post for some tips and tricks, and also for a list of other resources on this topic. Happy Monday!... . . . . . #blog #blogger #bloggerlife #bloggerlifestyle #bloggers #bloggersgetsocial #bloggerslife #bloggersofinstagram #bloggerstyle #blogging #bloglife #blogpost #blogs #instablogger #instagood #instagram #lifestyle #lifestyleblog #lifestyleblogger

I can still remember the first time I walked off the elevator during renovations at the office a couple years ago and saw our new feature wall with our firm logo. I had already been a partner for a year or so but something hit me that day. I owned something.... Part of this was mine. For someone who grew up without any entrepreneurs in her immediate family, this was a big deal. I do not talk a lot about my day job on this platform. But during the day, I am a tax lawyer and also a partner in a medium-sized law firm in Saskatoon, Saskatchewan. Being a business owner is hard. It is full of ups and downs. Please know that when I talk on this platform about resources for your business, or building your team, that I am speaking from personal experience. From one business owner to another, I see you. I hear you. I support you! And high fives to you for everything you do for your staff and for your community each day . . . . . #branding #business #businessowner #businessowners #businesswoman #digitalmarketing #entrepreneur #entrepreneurlife #entrepreneurmindset #entrepreneurs #entrepreneurship #goals #hustle #inspiration #instagood #life #lifestyle #marketing #mindset #motivation #motivationalquotes #newbusinessowner #smallbusiness #smallbusinessowner #smallbusinessowners #startup #success

TAX TRIVIA TUESDAY!!! Apparently, the first electronic transmission of a tax return (e-file) occurred on January 24, 1986. I can’t decide whether we have moved at a snail’s pace or warp speed. It has been 35 years since 1986. In Canada, we are only starting to see the ability to email a CRA officer - in certain cases, we are still relying on the mail service or fax... What do you think? . . . . . #dailyfacts #didyouknow #dyk #facts #instafacts #knowledgeispower #nowiknow #questionoftheday #questions #quiz #themoreyouknow #til #trivia #triviagame #triviagames #trivialove #triviaquestion #triviaquestions #triviathursday #triviatime #triviatuesday #triviatuesdays #tuesdaytrivia

Happy International Women’s Day! UPDATE - We are officially sold out on Amazon!! Thank you for your support - I will keep you posted on when additional copies become available! I am excited to announce that today is the official launch of Pursuit:365 - Celebrating the stories of 365 Canadian women who lead by example!... I am honoured to be one of the co-authors of this amazing publication which is now AVAILABLE FOR PURCHASE on Amazon at only $21/book wholesale for the first run. Limited number of books available! A portion of the proceeds will be donated to a new affordable housing project for women and children Please support this amazing collaboration - you can purchase your copy here: https://amzn.to/3ehAST0 For more information on the Women of Options campaign please see this link: https://womenofoptions.ca/shelly-hughes/ Thank you to Shelly Lynn Hughes , editor in chief of Fresh Magazine and her extraordinary team for their hard work and dedication to this project #pursuit365 #IWD #freshmag #womensupportingwomen

TAX TRIVIA TUESDAY!! A tariff is a tax imposed by a government of a country on imports or exports of goods. There are a few theories on the origins of the word tariff, but it appears to originate from the Arabic word ta’rif, meaning information, notification, or more literally, a making known. ... #thetaxchick

It is that time of year again... The time of year where we face the music and realize we need to dive into the shoebox/filing cabinet/random pile of paper in the corner of our garage to get ready to file our tax return for the past year. I used to also fall victim to this panic.... However, a couple of years ago, I started two folders: One of the folders is electronic and sits on my laptop. I put any charitable donation receipts or other electronic slips or informational documents in this folder as I receive it (labelled by year). The other folder is a paper folder. It sits in my file cabinet in my spare room. I throw any paper receipts/slips etc in this folder as I receive them. I started this folder system because the older I get, the worse my memory is. I have good intentions of pulling relevant emails at the end of the year or going through a cabinet or desk to find documents - but it never happens and the task seems insurmountable. If I file as I go, then I do not have to worry about missing anything. For the month of March, I am going to be tackling some topics relevant to filing your taxes in Canada. In this week’s blog post, I am addressing a common concern I hear from clients - Who do I call at CRA if I have a question? Link to the full blog post here: https://taxchickca.wordpress.com//help-i-have-a-question-/ #thetaxchick

SO EXCITED....Pursuit365 will be released on International Women’s Day, March 8th! Pursuit: 365 is an all inclusive book co authored by 365 Canadian Women from Nova Scotia to Vancouver Island, from all walks of life. The book includes Jann Arden, Bif Naked Tosca Reno, Celebrity Stylist Style by Kim xo, moi and so many more!! Every day in 2021 our Social Media will feature one of the 365 Canadian women in the book. Our Publisher Shelly Lynn Hughes has done an outstanding job bringing this project to life. Follow Fresh Magazine and Pursuit:365 to read these inspiring women’s bios. To read their amazing stories of their pursuit to find happiness go to Amazon on March 8th and purchase a copy of the book! #IWD #pursuit365 #women Check out the Pursuit:365 launch page here: https://fb.me/e/4kxRLwJNC