18 - Spend on Coffee, Save on Taxes and The RRSP vs. TFSA Guide to Tax Deductions
Two Girls Investing Podcast · Two Girls Investing Co.
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Show Notes
In this episode of 'TGIF Two Girls Investing Friday,' Jess and Colleen dive into personal finance strategies with a focus on the everyday choices that can impact financial health. They begin with a light-hearted chat about balancing life's small luxuries, like coffee outings, with broader financial goals. The conversation then transitions into detailed discussions on saving on taxes, the benefits and differences between RRSPs and TFSAs, and strategies for doing taxes either independently or with professional help. The episode wraps up with a teaser for their next discussion on real estate investing, inviting listeners to contribute their questions on the topic.
00:00 Welcome to TGIF: Two Girls Investing Friday
00:36 Personal Finance and Lifestyle Choices
00:54 Moments of Magic: Finding Joy in Everyday Expenses
03:49 Personal Finance is Personal
08:17 Diving into Taxes: Tips and Tools
13:04 Exploring TurboTax and Wealthsimpe for Taxes
13:36 Rental Income and Taxes
15:18 Tax-Saving Strategies and Credits
16:43 Understanding RRSPs and TFSAs for Tax Benefits
20:45 Claiming Work-Related Expenses and Union Fees
25:28 Final Thoughts and Upcoming Real Estate Episode