59 episodes

Tax is complex, but it does not always have to be so complicated and shrouded in mystery. Host Amanda Doucette is a self-proclaimed foodie, spin class and Pilates enthusiast, and a tax lawyer. She fell into the practice of tax law despite having a life-long hatred of spreadsheets, math and numbers in general. Join Amanda and her guests as they unpack some serious Canadian tax topics and attempt to demystify the world of tax.

The Tax Chick Podcast Amanda Doucette

    • Business
    • 4.9 • 47 Ratings

Tax is complex, but it does not always have to be so complicated and shrouded in mystery. Host Amanda Doucette is a self-proclaimed foodie, spin class and Pilates enthusiast, and a tax lawyer. She fell into the practice of tax law despite having a life-long hatred of spreadsheets, math and numbers in general. Join Amanda and her guests as they unpack some serious Canadian tax topics and attempt to demystify the world of tax.

    Musings of a Tax Chick... Bare trusts and trust reporting rules

    Musings of a Tax Chick... Bare trusts and trust reporting rules

    UPDATE:  March 28, 2024 (1:15 p.m.)CRA just released an update on bare trust filing requirements, and has advised that CRA will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2023 tax year, unless the CRA makes a direct request for those filings.
    The full notice can be found at this link: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2024/bare-trusts-exempt-from-trust-reporting-requirements-2023.html?utm_source=Master+Email+List&utm_campaign=1c6ce21145-N2N_PT_2024_LAUNCH_COPY_01&utm_medium=email&utm_term=0_-9f60340710-%5BLIST_EMAIL_ID%5D
    ~ ~ ~The new trust reporting rules... the latest "gift" from the Federal Ministry of Finance... :)  Tune in to Part 3 of this short series of mini-episodes on trusts to learn a little bit about the new trust reporting rules, and when they apply.   If you have a family trust, or if you have co-signed a mortgage, or added someone to title to property for the purposes of avoiding probate, you should probably listen to this episode, as the new rules will likely apply to you!
    - What are the new rules and why are you being asked for additional information? (0:58) - Express trusts (3:10)- Exceptions to the rules (5:00)- Penalties (6:27)- What does this mean for trusts? (7:25)- Bare trusts (8:25)
    RESOURCES DISCUSSED ON THIS EPISODE:
    New reporting requirements for trusts (CRA Website) Financial Post Article by Allan LanthierAdvotax Blog Post - Basic Guide on Bare Trusts for Canadian Taxpayers HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:
    My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP" 

    • 16 min
    Musings of a Tax Chick... Advanced trust topics!

    Musings of a Tax Chick... Advanced trust topics!

    This is Part 2 of the mini-episodes on all things trusts!  If you have mastered the basics, check out this episode for a discussion of some more advanced topics including:
    - Adding or Removing Beneficiaries (1:20)- Alter Ego and Joint Spousal Trusts (4:05)- Family law implications (9:13) - Corporate association issues (11:40)- Ongoing maintenance (13:40)
    ADDITIONAL RESOURCES DISCUSSED ON THIS EPISODE:
    CRA Views Document: 9209655CRA Views Document: 2008-0281411I7CRA Views Document: 2001-0111303CRA Views Document: 2012-0451791E5HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:
    My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP" 

    • 15 min
    Musings of a Tax Chick... Trusts 101

    Musings of a Tax Chick... Trusts 101

    Have you noticed that everyone seems to be talking about trusts these days???  Seemed like an appropriate time to release a few mini-episodes on the topic. 
    If you are looking for some foundational information on trusts, check out this episode.  I cover topics like:
    - What is a trust? (2:02)- The three certainties (4:40)- Reasons why a trust may be used (6:15)- Who are the parties to a trust? (9:30)- What are the different types of beneficiaries? (11:15)- How are trusts taxed? (12:47)
    And check out the next couple episodes to continue your "trust" journey!
    HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:
    My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP" 

    • 16 min
    Musings of a Tax Chick... overview of Season 5, and life update!

    Musings of a Tax Chick... overview of Season 5, and life update!

    Season 5!!! How did that happen?  Check out this mini-episode for a brief trip down memory lane on the history of this podcast, a sneak preview of what is coming for this season, and a life update.
    HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:
    My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP" 

    • 16 min
    TFSAs - breaking down what you need to know! (with special guest, Evan Neufeld)

    TFSAs - breaking down what you need to know! (with special guest, Evan Neufeld)

    Kicking off SEASON 5 of The Tax Chick Podcast with a special guest episode featuring fellow Saskatoon podcaster and Certified Financial Planner, Evan Neufeld! 
    Tax Free Savings Accounts, or "TFSAs" - such a fun acronym!  You likely have this type of investment, and are aware that one of the perks of a TFSA is that the growth accrues tax free... but are you curious to learn a little bit more?  Check out this episode to learn:
    - What is a TFSA? (4:00)- Are there limits to what you can put into a TFSA? (6:13)- What happens if you over-contribute? (9:20)- How is it taxed? (12:08)- What happens when you withdraw funds from a TFSA? (14:35)- What types of investments can you hold in a TFSA? (18:15)- What happens when you die? (24:00)
    Make sure to check out Evan's podcast (The Canadian Money Roadmap) for some great information on personal finance, including a recent episode entitled, "Avoid These 6 TFSA Mistakes".  
    P.S.  DJ CWC created some new intro music for me which I am debuting on this episode!!! 
    CONNECT WITH EVAN:
    Podcast: https://canadianmoneyroadmap.buzzsprout.com YouTube LinkedIn Website: https://www.evanneufeld.com HERE ARE SOME OTHER WAYS TO CONNECT WITH ME:
    My website! Email: thetaxchickpodcast@gmail.com@tax.chick (IG) LinkedInBe a "Tax Chick VIP"  

    • 30 min
    Happy New Year! Reflecting on 2023, and looking ahead to 2024...

    Happy New Year! Reflecting on 2023, and looking ahead to 2024...

    Before you pop the champagne and sing Auld Lang Syne tomorrow night, I wanted to give you one last episode of The Tax Chick Podcast for 2023!  I will be back with Season 5 of the podcast (and debuting some new music!) in March 2024.
    In this episode, I provide some information on STEP and why I was in London, England earlier this month, and reflect on the craziness of 2023 (remember the CRA strike right in the middle of tax season???)  I also give a sneak preview of things to come in 2024...
    Happy New Year to you and your families, and all the best for 2024!  

    • 17 min

Customer Reviews

4.9 out of 5
47 Ratings

47 Ratings

LEJLEXUS ,

Great, informative podcast

I especially liked the episode about estate planning and what tax and other implications to consider when creating a will.

Susieque9119 ,

Makes Learning About Tax Fun

As a CPA with a public practice firm focused solely on small business, this podcast is fabulous!! The tax information is discussed in easy to understand language, provides me with great ideas for bettering communication on tax topics and Amanda, the Tax Chick, is truly entertaining!

Hannahzip ,

The Tax Chick knows her stuff!

As she states in her podcast, “everyone is good at something”, and Amanda is definitely good at tax law! She is knowledgeable, relatable, funny and her interviews flow seamlessly with not an awkward pause to be found. Amanda really knows her stuff and so do her amazing guests!! If you have the slightest interest in taxes, are a business owner, or are a person who has to pay taxes, then The Tax Chick is for you! You will learn so much!!

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