Tax Planning. Goldhar Can Help.

Learn about the various tax exemptions, deductions and benefits to minimize tax liability. Did you know about any of the ways listed below to help reduce your taxes?

1. First time donor super credit, deduct 15% up to $200 and 29% over $200 up to a maximum of $1000
2. Business Expenses – supplies and home office
3. Vehicle Expenses or Public Transit Fees – repairs, parking, insurance, gas, monthly transit pass (KEEP ALL RECEIPTS!)
4. Registered Retirement Savings Plan
5. Tax-Free Savings Account – interest made on the funds in a TFSA
6. Spousal loan will reduce your total income, and your spouse will be taxed on that amount in a lower tax bracket!