Month: March 2016

When you should use a checklist for filing Income Tax Return?

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When you should use a checklist for filing Income Tax Return? Answer: Every year Since tax laws change every year, it is strongly recommended to update yourself with new tax laws to maximize your tax refunds.  Even a  change in your family status from the previous year requires different tax planning in current year.  The Read more about When you should use a checklist for filing Income Tax Return?[…]

How to defer tax by using a Holding company

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This summer when you’re standing around the barbecue with your business-owner neighbours, impress them with your knowledge of tax planning. I can tell you from experience that you’ll bore them to tears with the conversation, but they’ll thank you later when the tax savings start rolling in. Specifically, share with them that holding companies can Read more about How to defer tax by using a Holding company[…]