When preparing to do your income taxes every year, it’s a good idea to understand the tax incentives you can use to your advantage. Good tax saving tips can help you keep more money from the tax man legally, especially if the law allows you to submit certain tax write offs. But some people take advantage of this and almost always get hit later on down the road.
This is why it’s important to know how to file your taxes the proper way to avoid any problems later on, and also to make sure that you receive what your entitled to. If you invest money you will also have to pay taxes on the profits your investments make but rates and how they are determined can be a little different.
Watch this episode with financial planner Jeff Gregory of Desjardins Financial where he explains some great tax benefits when filing your taxes.
For more information on financial planning, or if you need the help of a top financial planner contact Jeff Gregory
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