Is there a way for you to recover some of your dental and medical expenses? The answer is yes! The Canada Revenue Agency has a ruling which allows for a Private Health Service Plan and a Health and Welfare Trust, which will allow entrepreneurs, business owners, family members and key employees the opportunity to take out-of-pocket dental and medical expenses and convert them into a corporate deduction.

This is a strategy most financial planners, insurance agents or even your accountant will not talk about. Why is that? I do know the answer, but at this time will not address it in this post and will share the answers with you in a later post.

However, I can tell you by setting up a proper PHSP or HAWP with www.stratusmaxhealth.com can literraly save you hundreds or even thousands of dollars each and every year on your dental and medical expenses.

Do you remember the old saying “what you don’t know won’t hurt your”. In this case, “what you don’t know will hurt you” and cost you thousands of dollars each and every year.

Do you have a shoe box?  Are your receipts no where to be found?  Do you have receipts all over the place?  Do you find receipts in the glove compartment of your car?  Do you have receipts in your wallet?  Do you find receipts while vacuuming under the couch?  Did you forget to ask for a receipt when you took your client out for lunch?

I think you get the point.  Being organized when it comes time to filing your taxes is very important.  For every $1 of legitimate business receipt you lose or do not have, you just thrown approx. 50 cents out the window.

Proper bookkeeping and organization of your business receipts is very important.  Even if you are not an organize person, you can put all your receipts in a shoe box and take it to your accountants office once a month or once a quarter.

Take care of your paper work today and your paperwork will save you hundreds or even thousands of dollars when it comes time to doing your taxes.

Easy Tax Canada has been set up to help you take the fear out of doing your taxes.  Whether you are well organized or behind in your taxes, Easy Tax Canada is here to help.

There is no need to have sleepless nights. Put our accountants and consultants to work for you and minimize the amount of taxes you need to pay.

Remember, the folks at Canada Revenue Agency are people just like yourself. They are simply doing their job and after work they go home to their families just like you do. Have your “books” in order. Know the rules. Play by the rules and you should not have a problem.

Below is a video I think you will find some humour when it comes to your taxes.

Someone once said, “laughter is the best medicine”.

Enjoy!