tax book

101 Tax Secrets For Canadians: Smart Strategies That Can Save You Thousands by Tim Cestnick

I recently borrowed 101 Tax Secrets For Canadians from our local library and have found it to be extremely eye opening in terms of the numbers of ways Canadians can strategize in order to reduce the amount of taxes they have to pay.  We can do so much more than just contribute to RRSPs to minimize taxes.  The unfortunate thing is that most of us are just not aware of many of these strategies.  So the next time you are tempted to complain about paying tax, try implementing some of these tips instead.

The book is written a lot like a textbook.  Each chapter focuses on a different aspect of tax planning including strategies for retirement, self –employment, employees, family tax planning, estate planning, and more.  The book is fairly easy to understand and it contains practical advice on building tax savings strategies.  If you are interested in learning more specifics on how to save on taxes every year, I would definitely recommend that you read this book.  Although tax laws continuously change, this book has been revised into a 2010 edition so everything is up to date.

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