Here are the most useful tax tips that will help you reduce your taxes, or at least prevent you from a unpleasant fine. Some of them might seem obvious, but you wouldnít believe how often people forget about them.
1. Are you really single?
2. Donít forget about any income slips!
3. Disclosing all foreign investment homes is important
4. Disclose to foreign governments as well
5. Be careful with the Tax-Free Savings Account
6. Principal residence or the capital cost allowance exemption
7. Non tax-deductible costs
8. Family trust? Why not!
9. Transitional and GST/HST claims
10. Interest deductions at a minimum
Do you agreed? or Please give me some another tips. Thanks
Wed Aug 17, 2011 10:52 am
Abe New Member
Cash: $ 0.80
Joined: 11 Nov 2011
Location: new york
Nice information share and i like it and appreciate this topic.
This topic increase my knowledge on this topic and thanks a lot of share nice topic .
Fri Nov 11, 2011 3:06 pm
Cash: $ 2.30
Joined: 25 Mar 2012
There is legal 100% avoidance. This is what i am doing. I work as software developer on contract remotely. But i moved to another country and opened bank account abroad. I receive payments abroad. Because i am not working on the country of my employer i am legally not under UK tax laws.
This could be done if you have an option to work out of office.
Sun Mar 25, 2012 6:39 pm
Adk109 New Member
Cash: $ 1.25
Joined: 24 Dec 2011
Yeah Lovtor these thing should be kept in mind as these are very important. Most probably people ignores these things and then tries to save their money which they will have to pay for tax. Short and simple but very important tips you have shared.
Mon Apr 16, 2012 12:26 pm
JennfieSmith New Poster
Cash: $ 0.40
Joined: 25 Apr 2012
You have shared really nice tips that would be helpful to reduce taxes. In short way you have included a vast information.
Thu Apr 26, 2012 10:11 am
sandythomas New Member
Cash: $ 1.00
Joined: 20 Jun 2013
Some tips here
1. Keep your tax records.
2. Contribute to an IRA.
3. Put money into an HAS.
4. File even if you canít pay or need an extension.
Fri Jun 21, 2013 6:19 am
soybean Full Member
Cash: $ 14.65
Joined: 29 Jun 2011
lovtor, you should have stated what country you are referring to with your tips.
Tue Jun 25, 2013 5:02 pm
pezlindalo New Member
Cash: $ 2.00
Joined: 13 Aug 2013
Money worries will usually strike the majority of the population at some time or other throughout their lifetime, but its more to do with how you handle these challenges and face up to them, more than the worries themselves. We look at some ideas as to how you can control and manage your debt problems.