Making Life Less Taxing Pay Attention To Your Taxes So You Can Pay Less Tax And Build A Strong Smarter Canada

I'm writing this book because I want readers to be better informed about their own situations, and I want them to examine the national policy implications of our tax system.

“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.

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. Personal tax rates and tax credits were changed in the 2006 federal budget, affecting every tax-paying Canadian. And the new universal child care benefit was introduced, providing all families with $1,200 per year for each child under age 6. What else is inside 101 Tax Secrets for Canadians, 2007: Up-to-date information on recent changes to income trustsOther essential guidelines and changes for the 2007 tax seasonUpdates on RRSPs and pension income-tax creditsA look at the most recent innovations in tax-smart investingAdvice designed to maximize your retirement incomeStrategies to deal with your estate in a tax-smart mannerA summary of changes relevant in your provinceTim's "Tax Planning Tip Sheet," a detailed checklist to design your own game plan for paying less taxhelpful charts, tables, and sidebars for fast access to important information

Do you have anxieties about money? Do you worry that you may never have enough money to retire when you want to retire? Do you dread the thoughts that you may have to work forever? Do you pay too much in taxes and wonder if you can ever lower your tax burden? If you answered "Yes" to any of these questions, then this book is for you. This book will save you a ton of taxes and help build your wealth - fast! If you work in Corporate Canada or Corporate America and gross over $100,000 per annum, this book will help you lower your tax burden and provide you with a blueprint to build wealth quickly. If you're just starting your career and you make less than $100,000 per year, this book will serve as a plan to help you plan your finances in a tax-efficient manner so you can build wealth fast. DOWNLOAD: TAX-EFFICIENT WEALTH - The Blueprint to Quickly Build Tax-Efficient Wealth to Achieve Financial Freedom in Four Actionable Steps I believe you have what it takes to build and grow your wealth in a tax-efficient manner. What you're lacking is the knowledge and a simple plan to help you build wealth. Most people struggle financially because they lack this fundamental knowledge and a proven path to follow. This book provides you with an easy-to-implement blueprint that will enable you to build and grow your wealth in a tax-efficient manner. After reading this book: You will have a solid knowledge of the key wealth drivers to build wealth, and uncover the money mindset required to win the money game. You will have a blueprint and a step-by-step plan to start your journey on building and growing your wealth tax-efficiently You will save taxes, have more money and have the confidence to shatter all your money worries for life. Start your journey to Tax-Efficient Wealth and quickly build financial independence. Move from uncertainty to a confident and certain financial future. Move from anxiety and worry over money to a state of peace and joy with your money! This is the PROMISE of this book. DOWNLOAD: TAX-EFFICIENT WEALTH - The Blueprint to Quickly Build Tax-Efficient Wealth to Achieve Financial Freedom in Four Actionable Steps

How to Reduce the Tax You Pay has been helping Canadians lower their tax burden for the past 25 years. Now in its 18th edition, this easy-to-read guide to tax planning has been completed revised and updated to provide the information you need to plan efficiently, including:how to take full advantage of tax credits and deductions; how to plan ahead for financial security; how to reduce or defer income tax; how to avoid costly tax traps.Written by a team of experts at DeloitteCanadas leading professional services firmHow to Reduce the Tax You Pay offers practical approaches to investment, income splitting, saving for retirement, and estate planning. Specially focused chapters make it easy for particular groups of taxpayers to find the information they need quickly. The book also includes details on: federal and provincial budget changesso you can plan accordingly; tax laws affecting owner-managed companies and the use of automobiles for business; tax deadlinesso you wont have to pay penalties or interest; strategies to pay less when you file your 2005 tax return; tax planningso you can keep your affairs on track throughout 2006.For taxpaying Canadians, How to Reduce the Tax You Pay is an indispensable guide.

The quick and easy way to lower your tax bill The In a Day For Dummies series offers examinations of specific subjects and provide a focused and portable resource. This e-book, Pay Less Tax In a Day For Canadians For Dummies, helps you get your tax returns in the best possible shape and save money in the process. The e-book also links to online content at Dummies.com that extends the topic with step-by-step tutorials and other bonus content on setting up a record-keeping system, maximizing pension income, claiming credits for textbooks, and knowing where to turn for tax help. Chapters cover.

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.