Grow Your Money Tree

10 Tax Reduction Strategies

A VPN is an essential component of IT security, whether you’re just starting a business or are already up and running. Most business interactions and transactions happen online and VPN

While there might be general tips that can help people manage taxes, ultimately your financial journey is deeply personal. Successful tax planning MUST take a customized approach to be truly effective. We can’t wait to connect with you and begin the first steps, with your own personalized 360 Financial Blueprint.

In the meantime, here are a few generalized considerations that can help you lower your tax bill:

  1. Child tax benefits
  2. Leverage business and investment options
  3. Income splitting
  4. Consider Capital Gains instead of Interest income
  5. Use up your RRSP room
  6. Take advantage of TFSA
  7. Charity contributions
  8. Avoid unethical and illegal schemes
  9. Know your marginal tax rate vs your average tax rate
  10. Know the tax rules changes in advance
Cleve Desouza

Cleve Desouza

Cleve DeSouza has managed portfolios worth billions of dollars, but he counts his investment in his clients’ goals and dreams as his smartest ventures.

Leave a reply