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
  • Tax Rate tables tax rates by province
  • 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.

Request a session

Want a session in your area? We will provide a CPA volunteer to lead the session with a prepared presentation, activities, handouts and worksheets. Note: If more than one session is needed, please fill out a second form and submit. Eight weeks’ notice is needed to set up a session.

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Highlights

Chartered Professional Accountants of Canada (CPA Canada) annually offers its views on priorities for the federal budget. Review past submissions of pre-budget briefs and consultations, and post-budget release opinions and commentary.

Our Firm Directory allows you to search for Canadian CPA firms using our interactive map as well as other criteria.

Jointly presented by CPA Canada and CPA Ontario, The ONE is the must-attend, multi-track event of the year, designed for all CPAs who want to be at the top of their game.