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Tax credit VS Tax deduction: Which one gives you more money! 2 года назад


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Tax credit VS Tax deduction: Which one gives you more money!

​​Last week, we talked about the proposed government incentives to help first time home buyers to purchase their homes as stated in our 2022 federal budget, Some of these incentives are given in the form of tax credits while others are given in other ways. But do you really know how much these tax credits are translated into when it comes to the actual dollar figure in your pocket? In today's video, we dive deeper to get an understanding of what tax credits are, and why we always want to CLAIM TAX DEDUCTIONS, rather than tax credits. I also touch on how to read between the politicians’ comments and truly understand what the government incentives are. Check it out! #RealEstateTaxTips​ #RealEstateInvestors​​ #CanadianInvesting​ #realestateinvesting #hst #taxproblems #incometax #taxtipsforenterpreneurs #taxtips #taxes2022 #wealthylifestyle #canadians #ontario #realestate #TaxSeason #taxationistheft #taxrefund #TaxReturn #taxtime #taxpreparer #taxation #taxprofessional #TaxPreparation #TaxPlanning #budget #budget2022 #realestateinvestor #realestateinvestors #taxdeductions #taxcredit Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies, so you don’t miss a thing! SUBSCRIBE TO OUR MAILING LIST AND CHECK OUT OUR BLOG: https://www.therealestateaccountants.... So you’ll receive weekly tax tips and free real estate investment resources. Want to PAY LESS TAX as a real estate investor? Get this FREE guide: https://www.therealestateaccountants.... FOLLOW ME ON SOCIAL MEDIA: Facebook:  / realestatetaxtips   Instagram:   / realestatetaxtips   DISCLAIMER: Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your own legal and tax advisors to ensure you get the best advice personalized for you. The information contained in this video is for general information purposes only. The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan. While we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability to the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information.

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