Tax Planning

The following are 5 tax tips that you should aim for in 2016. By being conscientious about them, you could reach your financial goal before the year is over, bolstering your confidence by proving you have what it takes to accomplish your goals.
The earlier you can start preparing your taxes for filing the better chance you'll have at finding opportunities and the time to act on them to save on taxes.
Tax planning gives farm and small business owners the ability to time business decisions for maximum tax benefit. Some decisions are best made before year-end and others are better to put off until the new year.
Across the country, most Canadians aren't even thinking about their tax liabilities at this time of year.
It's barely mid-November at this point, and entrepreneurs - including farmers and truck owner operators - are more likely thinking about their holiday plans than their companies' tax status.
A complete tax plan should include succession planning for your eventual retirement and passing on or wrapping up your farm or business.
October isn't a time that many small business owners think too much about getting their taxes done.
Each year, millions of Canadian farm and small business owners may struggle to make sure they're doing everything they can to be fully prepared for tax season.
Over the last several months, many Canadian small business owners and independent contractors - including farmers and truck drivers - have likely noticed that the nation seems to be in a bit of economic distress right now. 
While many farm owners and truck drivers may not think about it, even in late September, the consensus among small business tax experts is that now is the time to start tax preparations ahead of the April 30 deadline.
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