Save 20% in Taxes by Hiring a CFO to work for you.

If your Income or Gross Sales is over $75,000 per Year.

Register Now for a Private Meeting

Your Private and Exclusive CFO….

At a fraction of the cost!

”CFO in Action” is a Tax and Financial management division that will expertly handle your all you important Business tasks for your emerging and growing company. It does not matter if you are a 1 man company or a mid size company or a large company.

We can help you will the following tasks :

-TAX Planning and Tax reduction,

-Expense Reduction

-Shareholder Profitability

-Wealth Management and Preservation

-Business Estate planning,

-Budgeting,

-Forecasts,

-Policies and procedures,

-Profit improvement,

-Strategic planning,

-Debt/equity financing and

-Personnel management

We help small and start up businesses leverage the expertise of a seasoned executive to help guide them through the financial maze, chart the right course and use financial metrics to keep the operations viable.

You can also contact us at our e-mail address: admin@easytaxcanada.com

Did you know that you can get Tax Credit if you have a lot of Medical Expenses? Save $100 to $3000.

Your Medical Tax Credit will depend on what is your Net Income, and amount of medical expenses.

What is Medical Tax Planning :

You do not plan to get sick.  However, you devise a plan that if you fall sick, then what happens.

Do you get medical insurance or Medical Plan to keep your expenses low. Or if you do not have a medical insurance plan like more Canadians, then you have to spend the dollars on which you have paid taxes.

Hence it you make 70K in the year, and you have no insurance coverage, and your medical or dental expense was $1200.  You had to earn $1740 to pay a $1200 medical bill.  You paid $540 in Taxes.

Our Tax Planning Process will show you to Reduce the Tax from $540 to $300, saving you $240.

Wellness Expert:

Our Experts at MitreaWellness will show you what you can do to Minimize your Medical Expenses.

They will show you how you can reduce your pain without taking medication, using natural remedy and techniques. You will be more Healthy, and Save money in medical expenses. Savings can range $200 to $10,000 plus

Medical Tax Planning Expert:

Our Tax Experts will show you how to save between 10% to 25% on you medical expenses using various Tax Strategies and Tax Planning.

Did you know that you can get Tax Credit and Tax Breaks if you do a Home Renovation Project? Save $1500 to $50,000 plus…

Many people start the Home Renovation projects without an planning and budgeting.

And guess what ?

They run into contractor problems, city code violations, fire harzardeous issues, basement issues, structural and mechanical issues. And then we they find these problems, they try to fix them by patching these up with cheap contractors.

My advise is get the EXPERTS to provide you with the Peace of Mind Home Renovation and Construction consultation. They will perform  planning, budgeting, project management and compliance with city codes.

Based on the Project Budget, you can save a lot of money in Taxes.

Hence if you spend $25,000 on a Renovation Project.

Your Tax Credit or Tax Saving will range for $1500 to $6,000  in 3 Years. *** Subject to your Net Income or T4 income.

Hence if you spend $200,000 on a Home Renovation / Construction Project.

Your Tax Credit or Tax Saving will range for $12,000 to $50,000  in 3 Years. *** Subject to your Net Income or T4 income or Corporate T2 filing.

TAX Credit could be from $1500 to 50,000 plus. *** Depending on your Project Budget or Project Expenses.

FREE Home Renovation and Construction Service

So next time you start a small or a big job, let the Team of Cougar Construction & Development Inc.  give you a FREE Consultation regarding your project.

Renovation and Construction projects range from $10,000 to $2,000,000 PLUS.

Click below for your FREE Consultation.

FREE Tax Credit and Tax Saving Service

Based on what you are planning to Invest in the Renovation project, Call the Team from EasyTaxCanada to PERFORM a FREE “tax consultation”.

We will let you know “How much Tax Credit you GET” OR “How much Money you can SAVE in Taxes”. This is based on your Gross and Net Income.

Click below for your FREE TAX Consultation.

By Jerry – The Easy Tax Guy

Many Canadians forget to write off many items each year in their tax return.

How many of these items did you write off last year? And please do not blame the accountant. It is your duty to make sure that the accountant has all the data to support your claim.

For 2010

make sure you Organize and Plan to write off in taxes the following items:
-Cell Phone bills.
-telephone bills
-internet phone bills
-Cable TV and Internet
-Newspaper and Magazines
-Books
-Windows and Roof
-Water And Energy Efficient plumbing
-Water Heater Rental
-Furnace and AC Rental
-Water Bill
-Gas Bill
-Property Tax
-Business Losses
-Real Estate Losses
-Car Washes
-Avertisement and Marketing
-School Computers
-Education
-Partnership Losses
-Capital Loss
-Medical Expenses
-Airfare

Also you get higher deductions, if you activate
Windows Plan, Water Saving Plumbing Plans,  Cell or Internet Plans, Gas Energy Plans, AC rental or Furnace rental programs.

Easy Tax Canada can help you with these plans.

Remember, that these rules are in place for you to maximize your tax deductions.
It is your duty to remember these rules, so that you get the maximum benefit.

Easy Tax Consultants can help you to organize your taxes.
We can also help you to Plan your taxes so that you pay the lowest Income Tax.

Income Tax Act

Did you know that you could get a tax write off for parking tickets or speeding tickets??

Did you get, this year

between $100 to $500 worth of tickets?

The Real cost of these tickets to you before tax is $200 to $1000.

2- Develop a tax plan to write off the tickets.

Penalties and interest may be tax deductible.

If you incur penalties or interest for GST reassessments, provincial sales taxes, overweight truck fines, parking tickets, speeding tickets, or penalties  were incurred to earn income, then the Supreme Court of Canada ruled they are tax deductible.

The Court determined that all fines and penalties are deductible for tax if incurred in the course of earning income. However, penalties or interest levied under the Income Tax Act are specifically not deductible as are fines or penalties under the Criminal Code.

The interpretation of the Supreme Court ruling is complex.
See the Consultants of  Easy Tax Canada  to determine whether a penalty or interest was incurred to earn income and whether the amount is therefore deductible for tax.

The professionals at Easy Tax Canada can help you to plan and structure your Speeding Tickets and Parking tickets for the rest of your life in Canada.

Each case is sensitive, and needs special attention.

Income Tax Act s. 3(b), 111(1)(b), 111(2)

Compress Capital Gains

Only 50% of a capital gain is taxed, and the gain is not included in income until the item is sold, allowing you to compound your returns tax-free until you sell.

A capital gain or loss is the gain or loss resulting from the sale of a capital asset, such as stocks, bonds, art, stamp collections, and real estate.

If you have huge Capital Gains, then Easy Tax Canada can help you to reduce the capital gains tax. There are various strategies to do this.

Capital losses can normally only be used to reduce or eliminate capital gains.

They cannot be used to reduce other income.

If you have capital losses that cannot be used in the current year,  you can carry back the losses to any of the 3 preceding taxation years.

Capital losses can also be carried forward indefinitely.

Some assets are considered personal-use property, such as cottages, cars, boats, and furniture.

Some personal-use property is considered listed personal property (LPP), such as works of art, and stamp collections.

Very Important : You must do proper Tax Planning to minimize your taxes.

The gains and losses for personal-use property and LPP are calculated separately from gains and losses on other capital assets.

See our articles on Listed Personal Property and Personal-use Property for more information.

Fans of Lacrosse, Baseball, Ministries,  Universal Aid etc, must read this article. This may have an effect on your taxes if you donated to these organizations.

It is good to donate to Charities, and get a tax break. At the same time you must do your due diligence to make sure that your Charity is in good standing with the CRA (Canada Revenue Agency).

The following is a list of the various charitable organizations that have had their charitable registrations revoked or annulled by CRA since the start of 2009:

• January 12, 2009 – Little League Baseball Canada
• January 12, 2009 – The Millennium Charitable Foundation
• February 9, 2009 – Phoenix Community Works Foundation
• February 17, 2009 – Dominion Christian Centre of Canada
• April 27, 2009 – Universal Aide Society
• May 11, 2009 – The Children’s Emergency Foundation
• June 8, 2009 – Living Waters Ministry Trust
• June 8, 2009 – Healing and Assistance Not Dependence Canada
• July 27, 2009 – The Mission Against Poverty Shelter
• August 10, 2009 – Jesus El Buen Pastor Spanish Pentecostal Church of Toronto
• August 10, 2009 – Funds for Canada Foundation
• September 8, 2009 – New Hope Ministries Institute
• September 14, 2009 – Alberta Distribution Relief Agency Aid Society International
• April 19, 2010 – Liberty Wellness Initiative
• April 19, 2010 – Destiny Health & Wellness Foundation
• May 10, 2010 – The Orion Foundation
• May 10, 2010 – Henvey Inlet First Nation Community Support Organization
• June 7, 2010 – Canadian Lacrosse Association
• July 17, 2010 – Tamil (Sri Lanka) Refugee-Aid Society of Ottawa

Donors to these organizations should have received correspondence from CRA if you donated to these charities.