06 reasons why tax planning is essential.

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06 Reasons why tax planning is essential
Tax planning is the art of reducing your taxable
income in the most tax-effective and legal manner
possible.
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Reduce tax liability
Tax liability is the amount payable to a taxation
authority for any taxable occurrence or event.
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Forecast tax liabilities
Timely forecasting helps you detect smart
strategies that can reduce your future bill
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Lower taxable income
Taxable income is used to calculate tax owed to
the government in a given year.
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Increased tax relief
Tax relief is any incentive that reduces the tax
owed
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Increase in tax credits
A tax credit is an amount that taxpayers can
subtract from taxes owed to their government.
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Allows Economic Stability
Converts taxable income to investments, which
happens only when the tax planning is proper
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At Kewcorp Financial, we integrate smart tax
planning with investment advice, which allows you
to make the most out of your financial planning.
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Jim Kew Financial Planner
Scott Kew Financial Planner
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780-449-6292 Jim.kew_at_kewcorp.ca Scott_at_kewcorp.ca
CONTACT US
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