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

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John Wiley and Sons, Jul 15, 2010 - Business & Economics - 368 pages
Nothing can better protect hard-earned income and help to accumulate wealth than savvy tax strategies. In this comprehensive guide, Canada's foremost tax expert, Tim Cestnick, offers 101 tips for year-round tax planning that can save Canadians from all walks of life thousands of dollars on their tax bill. It shows readers how they can best build a successful game plan that will reduce their taxes and maximize after-tax investment returns. Cestnick's simple and proven advice makes 101 Tax Secrets for Canadians an essential tool for all Canadians seeking to accumulate wealth and protect their income.

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Considering US Estate Taxes
Walking to a Different Drummer
Knowing What to Expect
Giving It Away Today
Giving It Away at Death
Providing TaxFree Death Benefits
Planning for US Estate Taxes
Marginal Tax Rates for 2009

Educating the Family
Heading for Home
Claiming Family Care Costs
Surviving Separation and Divorce
Optimizing Employment Benefits
Claiming Employment Deductions
Driving Automobiles on the Job
Deferring Compensation
Calling It Quits
Jumping on the Bandwagon
Choosing Your Business Structure
Claiming Business Deductions
Adding Up the Tax Hits
Investing in a TaxSmart Manner
Understanding TaxSmart Strategies
Sheltering Income with Life Insurance
Understanding RRSP Basics
Contributing to Your RRSP
Withdrawing from Your RRSP
Benefiting from RRIFs and Annuities
Understanding Registered Pension Plans
Reporting Your US Income
Profiting from US Real Estate
Cutting Your Gambling Losses
Staying Canadian
Federal Personal Tax Rates for 2009
Provincial Personal Tax Rates for 2009
Additional Federal Tax Credits
Canada Pension Plan Contributions 2009
Employment Insurance Premiums 2009
Canada Pension Plan Benefits
RRSP Contribution Limits

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About the author (2010)

Tim Cestnick, CFP, TEP, is one of Canada's most respected experts and public speakers in the area of tax and personal finance. Tim is a Principal with the WaterStreet Group, a firm he co-founded to serve the financial needs of high-net-worth individuals. Previously he was Managing Director, National Tax Services, at AIC Limited, and before that with Deloitte & Touche. Tim consults and speaks in all areas of personal taxation. He travels extensively throughout Canada and continues to be one of Canada's most recognized and entertaining authorities in the field of tax and personal finance.
He has completed the CICA's In-Depth Tax Course, the Canadian Securities Course, and is a member of the Canadian Tax Foundation. Tim shares his knowledge as a member of the teaching faculty of the Institute of Chartered Accountants of Ontario. In 2003, Tim was inducted as a fellow of that Institute. In addition to his CA designation, he is a Certified Public Accountant (CPA) in the United States (Illinois), a Certified Financial Planner (CFP), and a Trust and Estate Practitioner (TEP).
Tim is a frequent guest in the national media. He writes a bi-weekly column in The Globe and Mail and regularly appears on Canada AM, ROB TV, CBC Newsworld, and many investment programs on both television and radio across the country.

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