Tax Reduction Strategies

Nothing is certain except for death and taxes.
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You work hard to earn your money,

and you have to pay taxes.

You want to pay the least amount of tax possible.

The really rich people have ways to avoid paying taxes, but how does that apply to you?

How do you do that?

There are several ways to retain more of your employment earnings, or on your self-employment income per year.

When you start a new job, you are required to fill out a CRA (Canada Revenue Agency) form for payroll tax deductions. To maximize tax reduction benefits, you need to complete this form properly.

For self-employment income you need to retain all invoices and receipts to reduce taxes.

You want to take advantage of all tax credits available.

And avoid any fines or penalties by filing your taxes yearly by the deadline.

Discover what you need to ask you tax preparer and what are the best ways to reduce your taxes.

It’s not just about what you earn, it’s what you keep that’s important.

“I’ll probably be the lowest paying taxpayer in the office.”
~ Warren Buffet