Manifesting Wealth & Health
Find us on facebook or linked in
  • Home
  • About Us
  • Financial blog
  • Financial Planning resources
  • Health - Wealth Connection
  • Health- CTFO CBD OIL
  • Canada CBD oil
  • CTFO Celluvie & Deravie videos and testimonials
  • Health- CTFO CBD OIL

File Income Taxes as a family for the best deductions!

11/15/2010

2 Comments

 
When it comes to getting the best return for money, it is important to file all family returns together, and get to understand them too, by keeping an eye on income levels and sources. This will help you make better investment decisions...like when to contribute to RRSPs and the Tax Free Savings Accounts-and get more cash back from tax credits and social benefits.

If you are working with a professional advisor, enlist their help before year end. There are three simple steps you'll want to know more about:


1. Review each return separately and make sure it's prepared to the individual's best tax benefit, starting with the lowest income earner and working you way up the the highest.


2. Now look at the results on each return from a family, rather than individual, viewpoint. Did you claim all transferrable deductions and remember to split family income?


3. Now tweak your tax and financial plans, to make the best investiment decisions for the family unit as a whole.

2 Comments
    Facebook

    David Lee likes

    Amazon AssociatesAmazon Associates
    Create your Like Badge

    Author

    Sign up for more tax saving ideas.

    Archives

    February 2012
    January 2012
    November 2011
    September 2011
    November 2010
    June 2010
    April 2009

    Categories

    All
    Income Taxes
    Mulitple Sources Of Income
    Pay Down Debt
    Rrsp
    Save Income Tax
    Save Money
    Save Tax
    Savings
    Segregated Funds
    Tfsa
    TFSA'S

    RSS Feed

Proudly powered by Weebly