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Tired of seeing your investment gains shrink after taxes? You're not alone. The Canadian tax system can be confusing, but understanding the rules is the key to keeping more of your hard-earned money. In this episode of Money Talks, we demystify Canadian taxation for investors.
Tax professional Rachel Underwood joins us for a masterclass on navigating the tax implications of your portfolio. Whether you're a beginner investor just starting with the Canadian stock market or a seasoned pro studying for your CSC exam, this episode is packed with actionable advice. We break down the crucial differences between how interest, dividends from TSX giants, and capital gains are taxed.
Learn how to leverage powerful accounts like the RRSP, TFSA, RESP, and the new FHSA to accelerate your wealth tax-free or tax-deferred. Rachel reveals common but costly mistakes—like the "deemed disposition" trap with contributions-in-kind—and provides simple strategies to maximize your after-tax returns.
(0:00) Intro: Welcome to the Money Talks Canadian Taxation Episode
(0:25) How to Get Your FREE CSC Exam Study Guides
(1:15) Welcoming Tax Professional Rachel Underwood
(2:15) The 3 Flavours of Investment Tax: Interest Income
(3:05) How Dividends from Canadian Corporations Are Taxed (Dividend Tax Credit)
(4:01) The Most Tax-Friendly Income: How Capital Gains Work (50% Rule)
(5:10) Understanding Tax-Deferred vs. Tax-Free Accounts
(5:45) The RRSP Explained: How Your Contribution Limit is Calculated (18% Rule)
(6:30) What is "Earned Income" for Your RRSP?
(7:15) How Your Work Pension Reduces Your RRSP Room (The Pension Adjustment)
(8:20) The Power of Unused RRSP Carry-Forward Room
(8:55) RRSP Over-Contribution Penalties: What You Need to Know
(9:20) MID-SHOW BREAK: Subscribe & Support the Podcast
(10:15) The "Contribution in Kind" Tax Trap: What is a Deemed Disposition?
(11:30) Why You Can't Claim a Capital Loss on a Contribution in Kind
(12:45) Withdrawing from Your RRSP Early: Understanding Withholding Tax
(14:00) The Spousal RRSP: A Powerful Income Splitting Strategy for Couples
(15:15) The Spousal RRSP 3-Year Attribution Rule Explained
(16:20) Saving for Education: How the RESP Works
(17:00) Getting FREE Money from the Government: The Canada Education Savings Grant (CESG)
(18:10) The FHSA: The Ultimate Account for First-Time Homebuyers (Best of RRSP & TFSA)
(20:00) Final Recap: Actionable Tax-Saving Strategies for Canadian Investors
(21:10) Outro and How to Find More Resources on mTalks.ca
You can listen to this episode on :
Apple Podcasts Link: https://podcasts.apple.com/ca/podcast/money-talks-your-guide-to-the-canadian-securities/id1828548549
Spotify Link: https://open.spotify.com/show/2FkGdY1vJxjnUeUzXEpVDI?si=7c8ffe74842342ba
YouTube:
Link: https://youtu.be/FZm-2dKcmBU?si=9CORewOvs_FV_NGY
Keywords/Tags: Canadian taxation, investing in Canada, Canadian stock market, investment tax Canada, beginner investing, CSC exam, RRSP, Registered Retirement Savings Plan, TFSA, Tax-Free Savings Account, RESP, Registered Education Savings Plan, FHSA, First Home Savings Account, RRSP contribution limit, RRSP withdrawal tax, spousal RRSP, attribution rule, contribution in kind, deemed disposition, capital gains tax Canada, dividend tax credit, TSX stocks, tax planning strategies, financial education, tax-deferred growth, tax-free savings, Canada Education Savings Grant, CESG, how to pay less tax, after-tax returns, securities education, personal finance Canada.