Pay Less Taxes

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Tomorrow, Thursday August 20th. The Science Of Getting Rich One Day Only Launch- Aug 20th. By-Toronto Women’s Club, Founder Cora Cristobal and Private Investment Club, Founder Sunil Tulsiani

I am pleased and happy to announce the release of this epic book!! It has been discounted by 80% and is only for $3.99 - grab your copy tomorrow to avail this price!!

Stay at Home and learn Seminar, on May 26th this Tuesday!! On Zoom maximum 500 seats only 25 left:)

I came up with these simple tips to get you to do some thinking and be creative with your tax savings.... Thank you for reading them... Here are some tax tips to remember:-... If you have self-employment activities, consider claiming business expenses including home office, vehicle and salaries to family You can only revise a maximum of 10 previous years' tax returns for errors or missed expenses to receive refunds If you own a corporation, calculate an optimum salary and dividend mix to reduce income taxes Obtain Form T2200 Declaration of Employment Conditions from your employer to permit deductions for various employment expenses File tax returns for children who had earned income so that RRSP contribution room may be created You can claim the Climate Action Incentive refundable tax credit if you qualify You can claim moving expenses for work or school if you qualify Consider making a $2,000 over-contribution to your RRSP because it can stay there for years and grow on a tax-deferred basis Maximize interest deductions by arranging your borrowings first for business or investment purposes, and then for personal use Defer deductions such as CCA Capital Cost Allowance and RRSP to a future year when you will have a higher tax rate or if you are not fully utilizing your non-refundable personal tax credits If you incurred capital losses in 2019, consider carrying them back to previous taxation years to receive refunds Split pension income with your spouse to minimize income taxes Have a question contact me at 905-915-3399 [email protected]