In Her Wallet Podcast

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

March 5, 2025·39 min
Episode Description from the Publisher

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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