101 Tax Secrets For Canadians 2009

“Easily the best book of its kind in Canada.” -Money Digest “By far the best of the Canadian tax guides.” -Andrew Allentuck, globetechnology.com “Tim Cestnick really makes sense of the baffling world of personal taxes.” -Diedre McMurdy, journalist and broadcaster Keep more money in your pocket at tax time and send less of it to the government. Canadians love to hate taxes. For many, the biggest expense they face every year is their tax bill, and complaining about it is something of a national sport. Reducing your annual tax bill is the first step in protecting your hard-earned income. Savvy tax planning not only helps you keep more of your money in your hands, it can be a key step to accumulating wealth in the future. In this comprehensive guide, Canada’s foremost tax expert, Tim Cestnick, offers 101 tips for year-round tax planning. From brand new changes to the tax rules, to little-known strategies, 101 Tax Secrets for Canadians reveals the smart strategies and advice that can save taxpayers from all walks of life thousands of dollars on their tax bill. The year 2008 brought extensive changes, and so you get six bonus tips in this edition! There is literally something for everyone in this book, and this year, there are more ways to save on your taxes than ever before! Introduction to the new Tax-Free Savings Account and strategies to maximize its effectiveness Increases and other changes in the Canada Child Tax Benefit Updates on RRSPs and pension contribution limits Changes to the taxation of Canadian dividend income Revisions to Registered Disability Savings Plans Enhancements to Registered Education Savings Plans Advice designed to maximize your retirement income, including pension income splitting Other essential changes for the 2008 tax season, including: reduced personal tax rates, revised automobile deduction and benefit limits, revisions to rules around donations of certain securities to charity, flexibility for life income fund investors, and changes to the medical expense tax credit. Strategies to deal with your estate in a tax-smart manner A look at the most recent innovations in tax-smart investing A summary of tax changes relevant in your province Tim’s “Tax Planning Tip Sheet,” a detailed checklist to design your own game plan for paying less tax Helpful charts, tables, and sidebars for fast access to important information Cestnick’s simple and proven advice makes 101 Tax Secrets for Canadians an essential tool for anyone seeking to accumulate wealth and protect their income.

Nothing can better protect hard-earned income and help to accumulate wealth than savvy tax strategies. In this comprehensive guide, Canada's foremost tax expert, Tim Cestnick, offers 101 tips for year-round tax planning that can save Canadians from all walks of life thousands of dollars on their tax bill. It shows readers how they can best build a successful game plan that will reduce their taxes and maximize after-tax investment returns. Cestnick's simple and proven advice makes 101 Tax Secrets for Canadians an essential tool for all Canadians seeking to accumulate wealth and protect their income.

KEEP MORE MONEY IN YOUR POCKET AT TAX TIME AND SEND LESS OF IT TO THE GOVERNMENT. Canadians love to hate taxes. For many, the biggest expense they face every year is their tax bill, and complaining about a huge tax bill is something of a national sport. But most Canadians have done little or nothing to reduce the income tax they pay. Reducing your annual tax bill is the first step in protecting your hard-earned income. Savvy tax planning not only helps you keep more of your money in your hands, it can be a key step to accumulating wealth in the future. In this comprehensive guide, Canada’s foremost tax expert, Tim Cestnick, offers 101 tips for year-round tax planning. From brand new changes to the tax rules, to little-known strategies, 101 Tax Secrets for Canadians reveals the smart tips and advice that can save taxpayers from all walks of life thousands of dollars on their tax bill. Whether you are an employee or self-employed, a student, a retiree, an investor, single, or part of a family, there are tax-saving tips for you in this book. There is literally something for everyone in this book.

Now in its eleventh year, Smart Tax Tips is the annual must-have for all Canadians interested in tax-reducing strategies. With more than 150 practical tax tips on everything from alimony and asset transfers to RRSPs and charitable donations, this book will help you design a strategy to maximize your return. From business owners, to corporate managers, to individuals of all income levels, Grant Thornton advisers have been providing smart, effective tax strategies to Canadians for more than 60 years. Smart Tax Tips will help minimize the time you spend planning, so you can maximize the time-and money-saved for your future investments. ENDORSEMENTS/PRAISE "There are great reasons to live in Canada, but the tax system isn't one of them. If you want to pay your fair share, and no more, make Smart Tax Tips your bible. It's authoritative, easy to read and, best of all, will save you a bundle." -Garth Turner, former Minister of National Revenue, host of Investment Television and bestselling financial author MARKET(S) - CANADIAN TAX PAYERS KEY SELLING POINTS - ONE OF THE BEST-KNOWN FIRMS - THOROUGHLY UPDATED ANNUAL GUIDE - COMPETITION/COMPARATIVE TITLES* Tax Tips for Dummies Christie Campbell Henderson Lawless 978-0-470-15999-6 21.99 Wiley Jan 09 4263 (2007) 167 Tax Tips for Canadian Small Business: Beat the Taxman to Keep More Money in Your Business Stephen Thompson 978-0-470-15974-3 26.95 Wiley Dec 08 2166 (2007) PricewaterhouseCoopers 2009 Guide to Tax and Financial Planning: Including Analysis of the 2008 Tax Law Changes PWC LLP 978-0-470-28498-8 20.95 Wiley Oct 08 3 101 Tax Secrets for Canadians 2008: Smart Strategies That Can Save You Thousands Tim Cestnick 978-0470155042 26.95 Wiley Dec 07 3360

Compiled by an expert team of accountants, 78 Tax Tips For Canadians For Dummies offers practical tax planning strategies. These individual tips offer straightforward advice and insight that will save readers aggravation and money.

Don't pay more tax than you have to! Filing your taxes doesn't have to be taxing. This fun and informative guide offers simple-to-use money-saving shortcuts that make doing your taxes a breeze. Whether you're self-employed, planning for retirement, or filing your taxes for the first time, this useful book provides strategies to assist you in planning for tax-time year 'round. Keep your records in order -- how to stay organized and how long you need to hold onto your records Explore what's new for 2008 -- all the changes to federal, provincial, and territorial taxes and what they mean to you Fill out your tax forms with ease -- line by line coverage so you don't miss a thing Discover how to split your pension -- the inside scoop on how to pay less tax by splitting your pension income Make smart personal finance decisions -- tips on how to manage your money so that you save big at tax time Make the most of your deductions --- from moving costs to home office expenses to your child's sports fees Steer clear of an audit ---- pointers to help you avoid becoming the CRA's target Open the book and find: Which method of filing your return is best for you What to do if you lose your receipts and records How to turn capital losses into tax savings Strategies to make the most of your RRSPs Credits you can claim whether you're a student or senior What you can deduct if you're self-employed How to get your return as quickly as possible What to do if you disagree with your assessment

Get in the game and step up to the plate — it's time to save tax! Canadians love to hate taxes, and complaining about a huge tax bill is something of a national sport. But most Canadians have done little or nothing to reduce the income tax they pay. If you want to win the tax game, you've got to step up to the plate! Nothing can better protect hard-earned income and help to accumulate wealth than clever tax strategies. In this fully refreshed and updated bestselling guide, Canada's foremost tax expert, Tim Cestnick, shows you how you can build a successful game plan that will reduce your taxes and maximize after-tax investment returns. What's inside Winning the Tax Game 2005: Essential guidelines and changes for the 2005 tax season A look at the most recent innovations in tax-smart investing Critical strategies for families, employees, and the self-employed Advice designed to maximize your retirement income Strategies to deal with your estate in a tax-smart manner A summary of changes relevant in your province Tim's "Tax Planning Tip Sheet," a detailed checklist to design your own game plan for paying less tax Helpful charts, tables, and sidebars for fast access to important information