Happenings Podcast with Jeff Neil
Guest
Jeff Neil, accountant
Runtime
2:31:01
Posted
Aug 15, 2019
Having a great accountant is key in life. Having one in business is essential. I've worked with Jeff Neil for years and trust him to manage my tax affairs, so I brought him on the podcast to share some of that knowledge.
The diet
Right off the bat we learned that Jeff had been on a crazy diet for about seven weeks: basically protein shakes and grapefruit juice, with a little soup near the end. He's the first to say what he was doing is not recommended, but it was showing results. (I'm not recommending it either.)
Tax talk
- Capital gains vs. RRSPs. Jeff explained how capital gains are only partly taxable compared to income, and how that compares to money coming out of an RRSP.
- Credits people miss. Including rent-related credits that are based on income.
- Government spending. Where the money goes and why it's so hard to reduce costs without cutting services.
Tax rules change, so always talk to your own accountant about your situation. But if you want to understand the basics a little better, this is a great listen. Thanks, Jeff.
