Tuesday, May 20, 2008

Tax Planning

Tax Planning is critical to your financial health

Tax planning puts more money in your pockets and makes you smile from chick to chick

Engaging in tax evasion which is "hiding income" or claiming false deductions which is "claiming for something you don't have". These things are illegal and could lead to fines and jail.

You can save taxes by planning early in the year, the amount of taxes you pay has to do with your knowledge of tax reducing strategies.

A good tax plan uses the tax laws to decrease your taxes, and accumulate more money in your pocket

Your planning objective must be to increase disposable income by reducing taxes .

You must learn and understand the tax system, so you can take advantage to legally reduce your taxes

You are entitled to the benefits, the tax system made available to you

Fear of making the wrong deductions is the reason why we do not take advantage of the tax strategies

To eliminate your fear, the worst is that the audit department could do is to make correction on your deduction, and keep you informed.

The worst you can lose in such a case would be a little interest on overdue tax if you are 'disallowed a particular deduction', remember nothing ventured, nothing gained.

As long as you are not hiding income or claiming expenses that don't exist, you're not doing anything wrong or illegal.

Every year, thousands of Canadians used tax systems to reduce their taxes

Taxes play a major role in every Canadian’s lives.

All the methods we present to you is to help you legally avoid paying excess tax.

Remember tax avoidance is legal, while tax evasion is not.

Tax planning must be made a top priority in your life

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