This time every year, we are focused on income tax. Whether you are in Canada or the US, it is the season.
The thing to appreciate is that if you have to pay taxes, that’s a good thing. That means you made enough money for taxes to be a challenge. The trick is to do the right things and keep the right records to make sure you only pay your fair share.
Both of these countries have a confusing maze of tax laws. It’s best that you have tax professionals on your side to help you navigate that maze. You need the advice of lawyers, accountants and most certainly your personal financial adviser.
If you don’t have a business, you might want to consider starting one. Find something that you think has value and share it. You don’t have to break the bank, you might have fun and you might actually learn and save taxes all at the same time!
Take a look at the links on the right of this page. They are great products to grow your current business. If you don’t have a business yet, they may be opportunities for you.
Whatever your situation is this tax season, make sure you get the help of your professional adviser team. You’ll sleep better and you won’t be as likely to have the tax man in your dreams or your pocket!
Here is a brief video with a few Canadian tips to start:
Make it a great day!
P.S. What am I thankful for today?
I’m thankful for all the benefits that come with a society that pays taxes. I’m thankful for tax professionals. I’m thankful for any opportunity to learn.
What are you thankful for today?