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How to Save Tens of Thousands in Taxes Each Year with Vince's Canadian Accountant
Manage episode 427309443 series 2045201
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 earnings
01:55 Business structure
05:11 Personal vs. Corporate tax rates
07:18 Incorporate your business
11:32 Tax planning strategies
27:12 Maximizing Tax-Sheltered Accounts
33:48 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 | @vincedelmonte
Tik Tok | @vincedelmonte
Instagram | @vincedelmonte
Facebook | Vince Del Monte
622 odcinków
Manage episode 427309443 series 2045201
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 earnings
01:55 Business structure
05:11 Personal vs. Corporate tax rates
07:18 Incorporate your business
11:32 Tax planning strategies
27:12 Maximizing Tax-Sheltered Accounts
33:48 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 | @vincedelmonte
Tik Tok | @vincedelmonte
Instagram | @vincedelmonte
Facebook | Vince Del Monte
622 odcinków
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