92. Self-Employed Taxes 101: Maximize Write-Offs & Avoid CRA Mistakes with CPA Cindy Kumar

Self-employed? Learn how to save money on taxes, maximize write-offs, and avoid CRA mistakes in this episode of In Her Wallet!In this episode, host Sofiia sits down with Chartered Professional Accountant Cindy Kumar to break down self-employment taxes and how freelancers, consultants, and small business owners can navigate tax season with confidence.Topics covered:Key differences between taxes for employees vs. self-employed individualsSmart tax deductions & common write-off mythsAudit triggers & how to avoid red flags with the CRAShould you incorporate? The pros & cons for tax savingsHow accountants add value beyond tax software like TurboTaxMaximizing retirement plans (RRSP) for self-employed individualsWhether you’re a freelancer, consultant, or small business owner, this comprehensive guide will help you avoid tax pitfalls, save money, and stay compliant.Listen now on Spotify, Apple Podcasts & YouTube!Have a tax question? Drop it in the comments!Cindy's resources:100 Tax Write-Offs Cheat SheetBook a Free 20-Min Financial Clarity Session with CindyRegister for 4-Week Tax Course for Self-EmployedIn Her Wallet's resources:Listen to EP64 You Guide to Filing Personal Income Taxes with Wealthsimple's Caroline CorbeilGet Your Monthly Budget Planner for $20Watch Episodes on YouTube!

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Welcome to In Her Wallet, a podcast where financial education meets real-life stories, actionable advice, and a deep dive into how money works, especially for women. Hosted by Sofiia, a Vancouver-based financial educator and founder of In Her Wallet, this show is your guide to financial success, equipping you to live your best life without sacrificing your financial future. Follow the show to never miss an episode, with new insights and guest-conversations released every other Wednesday.