Tax Hack #1
A GST Option You Likely Never Knew About
In this video, I explain the ins & outs of GST to fully understand what it is and how to use it in your business. Keep watching until the end, because I reveal a little known option you can use to your advantage to pay less GST, especially if you are a service based business.
Tax Hack #2
Income Splitting For Huge Tax Savings
Few business owners take advantage of income splitting with their family members or partners. Ignoring this fantastic tax hack can cost you thousands. Don’t business proceeds enter the household in some form? It’s better to have a means of doing so without paying the taxman, wouldn’t you agree?
Tax Hack #3
Use a Health Care Spending Plan for Tax Savings
In this video, I explain why it is very prudent to have a Private Health Care Spending Account in your business. Please note, you must be incorporated. Leveraging this entity can save you thousands in taxes.
Tax Hack #4
The Best Way to Pay Yourself to Maximize Tax Savings
Would you rather pay tax at 9% or 24%? That’s a huge difference. In this video, I’ll explain the choices available to you so you know how to pay yourself in order to maximize the amount of money going into your pocket, and not the taxman’s.
Tax Hack #5
Why Leasing Equipment May Be a Better Choice for Your Business
Many businesses wrestle with the lease vs. buying question when it comes to getting needed equipment for their business. I’ll explain why leasing makes a lot of sense, especially from a cashflow perspective and still enjoy tax deduction benefits.
Tax Hack #6
Incorporation Offers Many Benefits to the Business Owner
Should you incorporate? In this video I’ll explain why incorporating is a great strategy for income tax reduction and other important reasons why it makes sense.
Tax Hack #7
Did You Forget to File Your Corporation's Annual Return?
It’s very common among business owners to forget filing their corporation’s annual return. Many think it’s tied to their tax return, but it’s not. They’re two separate things. In this video, I explain the difference and the importance of it.