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Great information! Thank you!

Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult

Thank you for all the information. I just started a moving service. Your content is very informative and easy to understand. You're the best!!!

what kind of shirt is that

Theoretically, could I take out a dividend every two weeks (i.e., simulating a salary) and declare 1 dividend at the end of year for the total amount?

For a inc. where the owner is the sole employee… what would be the best way to optimize it fiscally ? - take 70k salary ? - take the rest in dividend ? - add personal to tfsa and rfsa etc - keep some as a investment nest in inc ? - maximise expenses What else ?

What a fantastic tool. I have my own spreadsheet that tracks my expenses income, Will the Google Simple ML extension run on any spreadsheet or just the Avalon Spreadsheet.

I just got fully certified as a bookkeeper looking to options for what I can do.

How to pay less tax in Canada. Leave Canada or don't work.

As a CFP, thanks for creating this video, straight to the point, no gimmicks.

I wonder if you do not run active business and just holding or trading stocks would holdco be sufficient without the operating company. What would be the tax rate on capital gain within the holdco , similar as operating company? Thanks

my calenders broken my feb has 28 days

Does purchasing tires count towards maintenance costs?

Nice video coverage keeping up with current trends and strategies can help traders stay ahead of the curve and make informed decisions, It is important for beginners in trading and investing to understand that success in these fields requires technical analysis, emotional maturity, and self-discipline. Thanks to steve michael steele insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead

Hi Can you discuss about capital reserve. What process needs to be followed to defer capital gain for corporations

What about Tangerine and EQ? They now have business accounts if you have a personal account with them. Also, BMO has a free digital bank service. I personally think it would be better than RBC but interested to know why RBC is chosen.

Thank you so much, Avalon

Me and my husband will like to open a transportation bussiness begining of the year 2025. How can I book an appointment with you

This is a joke. I started a jewelry business, and futurepeuner grant couldn't help me because of my industry 2 years in I was able to make 3 million in sales I was able to get a B5 Visa and now i shut down my Canadian store and moving to the U.S.A bigger market lower business tax and Canadians are broke as a joke and the government want you to depend on them for a life. Thinking about starting a business in canada get out. Good Luck...

Hi, Even if my solo or federal company is a newly established ( less than 1 year, i should file a tax return ) ? Thanks

Love your content

If you need a website, fell free to contact us. We offer complete ownership, with no recurring costs❗️

I have a question on behalf of my father-in-law. He is going to retire in 2 or 3 years. He has a decent amount of savings. I think it would maybe be a good idea for him as he is a very frugal person. Doesn't spend much. Wouldn't touch his savings over these 2-3 years. Would it be a good idea for him to put a lot of that money into his rrsps to save on his taxes these last few years that he's working? He has a reasonable income around $90, 000 also I'm wondering can you put in more than $32,000 in one year then if you have previously unused contribution room?

Thank you, seamless to follow. Just a minor observation. My home office use is about 20% approx $3000. I see that weather I claim it or not, it has no impact on GSTHST calculation. Even though HST is paid on every home expenditure such as Heat Hydro Repairs etc. Your thoughts

can we gift crypto currency to a family member , without being taxed ?

You’re very good and have the best hair 😂.

I'd love this spreadsheet even more if it has the income statement by the month, I track everything monthly and love to to see where we are at at the end of each month. Is there a way to update this spreadsheet to show a monthly income statement?

Thank you for the helpful info,, Is there any video about the Start-up video/ starting a company? specially about the equity and shares from begining - partnership!

We are two partners on an open work permit. Can we open incorporate company?

Trying to move from the company car to me personally. Can I gift it and avoid taxes in Quebec?

I don’t see the build one for me option on my screen, is this something that has been disabled?

Not sure where you come up with those ideas I'm with td since 2011 they still hold my checks for 2 weeks and are the most expensive in every way. And I have never ever had any death to the government or to the bank.

Thanks you rock ❤️

This was awesome, thanks

I believe that you have to be really desperate or brain dead to invest in these 'savings' programs. All of it will be eaten by inflation. Not talking about the possibility of more dire course of events...

Is tax free capital gain for 2024 tax year would be reduced by the non taxable portion of capital losses for 2023 which was carried backwards for 3 years against previous gains on 2023 tax filing, and I already received a refund from CRA for 2023 losses?

Can you create the holding company or it has to be before the operating company ?

This is very interesting and informative. What is not clear is the withholding tax rate at the time of cashing out at age 71? Everybody talks about that at retirement one would most likely be in a much lower income tax bracket and thus pay much less withholding tax when cashing out. Considering a scenario where I would have $100K in my RRSP account at age 71, when I would have to either close my RRSP and cash out or convert to an annuity plan. Let’s say I opt to cash out. How much withholding tax I would be paying on a $100K withdrawal? Various sources tell me that other than the province of Quebec, the withholding tax rate is 30% which would be $30K in taxes. Is this correct? or Simply put - What is the minimum withholding tax rate I would be paying at age 71 considering I have zero income

one of the best video out there. thank you!

TX!

Hi Joe/Avalon - first I love your content and second I co-own a small consulting company that serves martial arts school owners. I am in dire need of a referral partner for monthly bookkeeping services and YE accounting. My company has a great bookkeeping firm but they are a smaller firm that is already at capacity and not looking to onboard new clients (my clients are not their ideal avatar anyways). I sent an email to your general mail box about setting up a time to discuss further but thought I’d try here too 😊. Thanks for reading and thanks for putting out such great content !

When we are claiming expenses can we claim both GST and HST?

Scammers all the contributing ideas

Thank you! I have been reading nonsense for hours trying to learn about this and you answered all my questions in about 8 minutes! Cheers.

Canadian government a bunch of crooks!

CPP “pension” for most Canadians is a joke when compared with cost of living!

Is this only for canada?

Summary: * Maximum RRSP contribution limit for 2025 increased to $32,240 (up by $930). * TFSA contribution limit for 2025 remains at $7,000, same as 2024. * First Home Savings Account (FHSA) contribution limits unchanged: $8,000 annually, $40,000 lifetime cap. * CPP standard contribution rate remains at 5.95%; maximum pensionable earnings increased to $71,500. * Maximum regular CPP contribution for 2025 is $4,434 for employees, $8,688 for self-employed. * CPP 2.0 contributions apply to income between $71,500 and $81,300, with a maximum contribution of $396. * Federal tax brackets adjusted for inflation; lowest tax bracket now applies to income up to $57,737. * Basic personal amount increased to $16,128 in 2025, up from $15,750 in 2024. * Proposed changes to capital gains tax may increase lifetime capital gains exemption to $1.25 million. * Inclusion rate for capital gains over $250,000 likely to rise to 66.7%. * Temporary GST holiday from December 14, 2024, to February 15, 2025, for various products. * Home Buyers Plan (HBP) allows first-time buyers to withdraw up to $60,000 from RRSPs, increased from $35,000. * Repayment grace period for HBP withdrawals extended to 5 years for selections made between January 1, 2022, and December 31, 2025.

Thanks for gaslighting. Claiming that all those increases are to help Canadians is insane. Did ChatGPT assemble your pitch? Do you know that small businesses don’t sell shares as no sane person would be willing to buy possible liabilities along with them.

5% on some stuff, bite me