6 Ways To Get More Money Back From Your Tax Return

6 Ways To Get More Money Back From Your Tax Return

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  TAX SEASON IS STRESSFUL! As an accountant, tax season (January to April) tends to be one of the busiest times of my year. As we get closer to April 30 (deadline to file personal taxes in Canada) most people start getting even more stressed because they want to make sure they are filing their taxes properly and want to ensure they are getting the most money back from their tax returns. I’ve been filing taxes for myself for the past  5 years because: i) As an accountant working towards a Chartered Professional Accountant (CPA) designation, I felt paying someone to do this was a waste of my money. ii) I’m cheap and I didn’t want to pay someone $100-$200 for 15 minutes of work (I have a very simple tax return) iii) I am the CFO of my personal economy so no one cares more about my money than…

Dealing With Imposter Syndrome As A Millennial

Dealing With Imposter Syndrome As A Millennial

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  “What am I doing here? How did I get here? I do not belong here, these people are way too smart.” These thoughts crossed my mind shortly after I started my first job after college. I realized that I was the youngest and also the first international student and African female to work as a scientist in one of the best forensic toxicology laboratories in the world. Studies show that 70% of millennials fail to internalize their success, often attributing their accomplishments to luck rather than ability. Perhaps it is because our parents always compared us to our neighbors down the street, our friends or maybe some of professors never believed in our dreams. This problem is compounded by our use of social media, which makes it seem like everyone is doing pretty amazing things and you are not OR you feel like you’ve failed at too many things.  With many…

4 Mistakes You’re Making In Your Job Search

4 Mistakes You’re Making In Your Job Search

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For most students graduating in the summer, the winter is prime recruiting season. While undergoing the job search be careful to avoid making these mistakes: Not networking enough: Mistake: You do everything BUT network while looking for a job. You apply to as many job posts as you can each day and also cold call and cold email recruiters but you do absolutely no in person networking. Do this instead: Networking should be your main focus during your job application. If you’re only sitting in your dorm room and applying to 10 jobs every day and not meeting or reaching out to any recruiters then I have bad news for you, it will take you much longer to get a job. Instead of spending all your time responding to want ads – divide your job search time between applying to jobs and also reaching out to your network and also…

4 Tips To Manage Your Money As A Student

4 Tips To Manage Your Money As A Student

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As a student, you have very limited funds which is unfortunate because college is very expensive. From the $300 textbooks, to the expensive housing, and let’s not get started on student loans! As a student, your primary goal is to gain an education. However, more and more students find themselves walking across the stage on convocation day with a diploma as well as a huge debt. In Canada, the average student debt is just over $25,000 and it doesn’t help that it’s even harder for students to secure jobs after graduating. If you do not effectively manage your finances you will not only risk graduating with debt, but you might find yourself unable to partake in a lot of social activities in university. Lucky for you here are a few pointers that will help you to effectively manage your money as a student: Create a budget that works: The first…

Investment Conversations With My Uber Driver

Investment Conversations With My Uber Driver

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I’m sure you’ve heard “You can get inspiration from everywhere”. But this was exactly the case this weekend. I got an Uber home from work and I quickly realized my Uber driver had all the personal  finance tea knowledge. It so happens that my new friend, John *real name withheld* is actually a financial planner and we spoke at length (well, for the duration of the ride) about different topics ranging from investing in the stock market, to the real estate market in Toronto. Safe to say that the 35 mins ride home was one of the best Uber rides I have taken in a long time. These are my key take-aways from my conversation with John: On selecting stocks to invest in: Investing in individual stocks can be daunting and also takes  a lot of research, that’s if you’re doing it right of course. This is in part due to…