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.
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.
Request guidelines:
- 8 weeks’ notice needed to setup a session.
- If more than five sessions are needed, please contact us directly.
For more information, visit setting up a financial literacy session.