Table of Contents
Introduction. Part I: Tips for Everyone.
#1: Understand the Essentials.
#2: Understand the Different Types of Taxes.
#3: Get Free Money from the Government.
#4: Set Up a Good Recordkeeping System.
#5: Know When Your Tax Return Is Due.
#6: Choose the Preparation Option That's Best for You.
#7: Figure Out How to File Your Return.
#8: Know Where to Turn for Help.
#9: Reduce Your Tax by Giving to Registered Charities.
#10: Take Advantage of Special Rules for Charitable Donations.
#11: Be Wary of Charity Fraud and Charity Tax Shelters.
#12: Respond Promptly to Requests from the CRA for Information.
#13: Avoid Interest and Penalties.
#14: Pay Your Tax by Instalments.
#15: Change Your Return After You Have Filed.
Part II: Tips for Employees and Business Owners.
#16: Determine Whether You're Self-Employed or an Employee.
#17: Save for Your Retirement.
#18: Take Advantage of Employee and Shareholder Loans.
#19: Understand Your Stock Options.
#20: Don’t Be Surprised by Other Taxable Benefits.
#21: Negotiate Non-Taxable Benefits.
#22: Deduct Employment Expenses.
#23: Get Your GST Rebate.
#24: Give Yourself Credit: More Tips for Employees.
#25: Plan for a Loss of Employment.
#26: Claim Your Moving Expenses.
#27: Take Advantage of Special Employment Situations.
#28: Cover the Self-Employment Essentials.
#29: Choose the Right Business Ownership Structure.
#30: Make the Most of Incorporation.
#31: Sell Your Business in a Tax-Savvy Way.
#32: Maximize Your Capital Cost Allowance (CCA) Claim.
#33: Be a Tax Winner Even When You Realize a Loss.
Part III: Tips for Investors.
#34: Minimize Tax on Your Investment Income.
#35: Pay Less Tax on Your Stock Investments.
#36: Know the Rules on Foreign Investments.
#37: Consider Tax-Advantaged Investments.
#38: Minimize Tax on Capital Gains.
#39: Make the Most of Capital Losses.
#40: Use Insurance Products as Investments.
#41: Invest in a Tax-Free Savings Account.
#42: Invest in an RRSP.
#43: Manage Your RRSP and RRIF Withdrawals.
#44: Manage the Tax on Property Investments.
#45: Know the Implications of Purchasing U.S. Property.
#46: Pay Less on the Sale of Personal-Use Assets.
#47: Know When to Deduct Investment-Related Expenses.
#48: Make and Keep Interest Deductible.
Part IV: Tips for Families.
#49: Know What Tax Credits Are Available for You and Your Family.
#50: Income Split for Family Tax Savings.
#51: Fund Your Child’s Education Tax-Effectively.
#52: Know What Benefits Are Available for Your Children.
#53: Understand the Tax Implications of a Marriage Breakdown.
#54: Claim Childcare Expenses.
#55: Make the Most of Your Family Home.
#56: Claim Credit for Tuition and Textbooks.
#57: Know What Education Income Is Tax-Free.
#58: Study the Other Deductions and Credits Available to Students.
Part V: Tips for Special Tax Planning Circumstances.
#59: Make the Most of Your Medical Expenses.
#60: Claim All the Medical Expenses of Your Family.
#61: Claim the Disability Tax Credit Amount and Disability Supports Deduction.
#62: Reduce Your Taxes by Claiming Tax Credits Regarding Another’s Disability.
#63: Make Use of Registered Disability Savings Plans (RDSPs).
#64: Make the Most of the Old Age Security (OAS) Program.
#65: Know When to Take Your CPP/QPP Retirement Pension.
#66: Be Smart in Receiving Other Types of Pension Income.
#67: Maximize the Age Amount and Pension Income Amount Tax Credits.
#68: Reduce Your Family's Tax Bill by Sharing CPP and Pension Splitting.
#69: Know That the U.S. Internal Revenue Service May Have an Interest in You.
#70: Be Aware of U.S. Estate Tax Implications on Death.
#71: Undertake Estate Planning.
#72: Reduce Income Tax at Death.
#73: Use Trusts in Your Tax and Estate Planning.
#74: Reduce Probate Fees at Death.
#75: Make Charitable Donations Part of Your Estate Plan.
#76: Prepare a Power of Attorney and a Will.
Part VI: The Part of Tens.
#77: Top Ten Year-Round Tax-Saving Strategies.
#78: Top Ten Ways to Reduce the Risk of a CRA Audit.