48: Tax Updates For 2023 That Reduce Inflation Pain!

It’s a new year, and with it comes new tax updates to take advantage of. In this episode Caleb and Riley identify the most impactful personal finance changes that are new or increased for 2023 to make sure you are ready to take advantage of them. Learn more about:

• Your new TFSA room for 2023 and the enormous potential tax benefit of having a funded TFSA in retirement.
• Which changes you can take advantage of that can help you save on taxes and combat rising inflation.
• The governments tax updates for 2023 including new tax credits to take advantage of, changes to CPP and federal tax brackets.

Resources:

• CPA Canada Tax update
• Sharpen your pencil: tax changes to tackle inflation are coming into effect

Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts