Reducing your annual tax liability is the most important step in protecting your hard-earned income.Whether you are an employee or self-employed,a business owner,a sub-contractor, a student, a retiree, an investor, single or married/common law, there are always tax savings for you if you plan your taxes in advance.
It is very important to realize that really effective tax planning starts with knowing the rules and doing a lot of little things correctly throughout the year. Tax planning doesn't occur on April 30 when you file your income tax return. It occurs when you are planning to purchase your RRSP or your first house or when you are recording the revenue and expenses of your business. Tax planning is truly a 365-day-a-year fight. A savvy advice of an experienced tax professional can help you to win that fight.