Effective tax strategies

Better understand Canada’s tax system and minimize the amount of tax paid.

Time frame: 60 mins

Learning objectives for participants:

  • develop effective strategies to minimize the amount of tax paid
  • understand basic tax law
  • learn how to be proactive in tax planning and detailed record keeping
  • understand the three main categories for tax planning:
    • reducing income subject to tax
    • maximizing deductions
    • using all allowable tax credits
  • learn simple tips and tools to save money

Outline:

  • understand tax laws
  • tax planning
  • keep detailed records
  • how to achieve tax goals
  • reduce taxable income
  • tax deductions versus tax credits
  • increase deductions
  • use tax credits
  • resources
  • Q&A

Learning materials:

  • Document Organizer Worksheet — organizer and tracker of all documents needs for taxes
  • CPA Canada’s Personal Tax Planner Guide — comprehensive resource for tax planning strategies
  • CRA’s Fairness and Taxpayer Bill of Rights — specifies the rights and obligations of the tax payer, and the commitments of the CRA

Questions?

For questions, please email us.

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Highlights

Canada is celebrating its 150th anniversary. We’re celebrating you, Canadian CPAs. Tell us why you’re proud to be a Canadian CPA. Then watch for our big celebration in July.

Gain practical organizational insights and learn from industry experts at this annual event for not-for-profit financial leaders.