Welcome to Awe-Inspired and Retired! Caleb and Riley are discussing the newly released 2022 Federal Budget, specifically those updates that are relevant for retirees to cruise through retirement with a game winning plan to maximize tax savings.
Learn more about:
- The proposed tax changes most likely to effect pre-retirees and those already retired
- Long standing tax saving tips that you may be missing out on when filing your tax return
- Which tax credits and deductions you should be taking advantage of at tax time
Memorable Quotes:
“There are certain deductions ‘made for’ the retiree. Sometimes they are just little bit, but when you add them together it can be something substantial.”
“A key takeaway for me is that taking advantage of the available tax credits or tax deductions doesn’t have to be stressful. I use to think it was, just in terms of knowing them all and knowing which apply to me to make sure I am not missing anything. Know which tax savings CRA has designed for people in your situation, and skip the rest.”
Resources:
Hosted by Caleb Miller and Riley Anderson of InvestorDNA
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