My Most Viewed Money Tips on Instagram - December 2023 Prudent Money Coach Tax and Money Tips

Photo by Laura Nyhuis on Unsplash

I can't believe we are at the end of 2023. It didn't seem so long ago when we entered the new year 2023. For this month, I will post my top 3 most viewed reels on my Instagram account. Here they are in reverse order.

Number 3
Summary of June 2022 Tax and Money Tips
- Watch out for post-assessment letter from CRA, asking for proof of your tax claims. Respond as soon as you can. 
- June 15th is deadline to file your 2021 taxes if you or your spouse/common-law partner are self-employed. 
- To charge or not charge GST? Understand when you need to register and start charging GST. Go to 
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/when-register-charge.html

I posted a reel on June 12, 2022 and it has more than 3,000 views. The general information still applies even though we are not in 2022 anymore. 


Number 2 
Procrastinators, good news for you! You have extra TWO days to file your taxes. Deadline is May 2, 2022, so make sure you file on time. Yay? Please do not wait until May 2nd to submit your taxes.  June 15: If you or your spouse/common-law partner are self-employed, your deadline to file 2021 taxes is June 15th. However, any balance owing is due May 2nd. Don’t forget to pay your GST owing too. 

This reel was posted on April 1, 2022 and generated 2nd highest views at more than 4,000 views. Again, the main information is that if April 30th falls on a weekend, the Canadian tax deadline is moved to the next business day. 


Number 1
Always check your receipts, bills, invoices, statements, etc.       
a. Check to see if items listed are what you purchased.      
b. Check to see if the numbers add up correctly. For example, I usually try to do a quick scan of my receipt after grocery shopping (before leaving the store) to see if all items shown are what I purchased and the price is correct. 
Checking receipts has saved me some money - sometimes a little (less than $10), sometimes quite a bit (more than $10). 

This most watched reel was posted on July 17, 2022, generating 5,006 views! 


Have you watched any of those reels? Which one had new information for you? If you are on social media, follow me on YouTube   Instagram   Facebook   LinkedIn   X 

Thank you again for reading. I wish you and your family a very Merry Christmas and a wonderful holiday season!