Published: May, 2022
Tax planning involves taking a proactive approach to paying taxes.
While it is illegal to avoid paying taxes that you owe, there is nothing wrong with looking at your income and potential deductions in advance to pay the least amount of tax possible under the law.
Taxes are a bane for just about everyone except accountants, but they are an inevitable fact of life. The rules are constantly changing and it can seem like the deck is stacked against the honest taxpayer. Don't despair though; there are still simple ways for Canadians to limit their tax exposure.
This CPD course is for individuals who are new to Canada and/or just beginning to learn about Canadian taxation.
It highlights essential tax-saving concepts. How you apply the combination of these concepts will shape your retirement and estate. It outlines 3 key life stages where tax planning is essential: Short Planning; and Long Term – Estate Tax Planning to maximize your income and pay less tax.
During each of these key life stages, the goal is to provide you with the maximum income and pay the least amount of tax. The decision on your investment strategy will impact ultimately what your income will be during retirement, how much tax you will pay, and what your beneficiaries will get.
This CPD tax course will provide you with things that you should consider at each stage of your life.
, World Financial Group
Linda Yao was born in Taiwan, Taipei into a family of five who lived in a one-bedroom University of Taiwan duplex with no amenities. She recalls sleeping with her grandmother and sister in a curtained-off area in the living room, while her parents and brother slept in the bedroom. The toilet was just a hole in the floor, and it was next to the kitchen. They bathed in a lean-to her dad built against the nearby banana fermentation warehouse.
While her story started similar to many in her age group from Taiwan, Linda attributes much of her financial success to the decision to buy a few helpful wealth-building products that forced her to save monthly amounts of cash she wasn’t able to withdraw easily.
It wasn’t always like that: Linda didn’t become interested in managing her money until she was in her 40s. Yet, she was able to reach financial independence, enjoy a very comfortable retirement, and very passionate about helping parents and grandparents to gain the confidence to manage their money, save, and pay less tax.
She is focused on helping them in building wealth for future generations to leave a sizable
legacy effortlessly by following a few simple steps.
To give people from all backgrounds the power to become financial services business owners, so that every family can access financial knowledge, products, and resources to prepare for a better future.
To empower financial services entrepreneurs with the tools they need to help families have better futures.