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Make Sure It's Deductible: Little-Known Tax Tips for Your Canadian Small Business
Cut through the grey areas of Canada's tax code, take advantage of tax incentives, and get the most out of every pre-tax dollar.
Rather than wondering "Is it deductible?" -Make Sure It's Deductible! You owe it to yourself, and your small business, to take advantage of every legitimate business deduction and personal tax planning benefit at tax time, and all year long, so you can increase your cash flow, and build wealth, too.
Evelyn Jacks, Canada's bestselling and most trusted tax author and educator, delivers vital tax facts and tips to save you money. Presented in a clear, friendly style that's easy to read, understand and apply to your own business, you'll join the more than 40,000 entrepreneurs who've turned to this tax-saving classic to learn how to:
Determine which expenditures are fully deductible and which are restricted.
Acquire new assets for your business while benefiting from generous new tax write-offs.
Write off auto and home office expenses that pass the scrutiny of a tax auditor.
Hire family members to work in your business, all onside with stringent income splitting rules.
Decide whether to incorporate, now that new rules make family income splitting more difficult.
Understand the latest tax brackets and rates and how to plan income courses to minimize them.
Manage your tax remittances, including tax installments and payroll taxes, as well as the collection and remittance of sales tax
Avoid falling foul of the "Tax Gap" by timely compliance with CRA tax filing, including the collection and remission of sales tax from your customers.
Enjoy generous capital gains deductions if you decide to sell your enterprise
Plan for a secure lifestyle now and in retirement, and more.
For vital, practical information you need to increase your bottom line and run a tax-efficient and audit-proof business, this fully updated fifth edition of Make Sure It's Deductible is the essential reference for your shelf.
"Evelyn Jacks is well-deserving of her reputation as Canada's most trusted tax advisor. This book could save thousands of tax dollars for anyone who is self-employed, runs a small business, or is thinking of starting one."--Gordon Pape, bestselling author and editor and publisher of The Internet Wealth Builder.
Evelyn Jacks, is the president of the Knowledge Bureau and one of Canada's most prolific business authors. She is an award-winning entrepreneur, having written over 50 books on the subjects of personal taxation and wealth management. Evelyn was appointed to the Federal Task Force on Financial Literacy, which will set a national strategy for financial literacy for Canada, and is one of Canada's Top 25 Women of influence. She lives in Winnipeg, Manitoba.
Rather than wondering "Is it deductible?" -Make Sure It's Deductible! You owe it to yourself, and your small business, to take advantage of every legitimate business deduction and personal tax planning benefit at tax time, and all year long, so you can increase your cash flow, and build wealth, too.
Evelyn Jacks, Canada's bestselling and most trusted tax author and educator, delivers vital tax facts and tips to save you money. Presented in a clear, friendly style that's easy to read, understand and apply to your own business, you'll join the more than 40,000 entrepreneurs who've turned to this tax-saving classic to learn how to:
Determine which expenditures are fully deductible and which are restricted.
Acquire new assets for your business while benefiting from generous new tax write-offs.
Write off auto and home office expenses that pass the scrutiny of a tax auditor.
Hire family members to work in your business, all onside with stringent income splitting rules.
Decide whether to incorporate, now that new rules make family income splitting more difficult.
Understand the latest tax brackets and rates and how to plan income courses to minimize them.
Manage your tax remittances, including tax installments and payroll taxes, as well as the collection and remittance of sales tax
Avoid falling foul of the "Tax Gap" by timely compliance with CRA tax filing, including the collection and remission of sales tax from your customers.
Enjoy generous capital gains deductions if you decide to sell your enterprise
Plan for a secure lifestyle now and in retirement, and more.
For vital, practical information you need to increase your bottom line and run a tax-efficient and audit-proof business, this fully updated fifth edition of Make Sure It's Deductible is the essential reference for your shelf.
"Evelyn Jacks is well-deserving of her reputation as Canada's most trusted tax advisor. This book could save thousands of tax dollars for anyone who is self-employed, runs a small business, or is thinking of starting one."--Gordon Pape, bestselling author and editor and publisher of The Internet Wealth Builder.
Evelyn Jacks, is the president of the Knowledge Bureau and one of Canada's most prolific business authors. She is an award-winning entrepreneur, having written over 50 books on the subjects of personal taxation and wealth management. Evelyn was appointed to the Federal Task Force on Financial Literacy, which will set a national strategy for financial literacy for Canada, and is one of Canada's Top 25 Women of influence. She lives in Winnipeg, Manitoba.
304 pages, Paperback
First published December 13, 2001
16 people are currently reading
110 people want to read
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Displaying 1 - 2 of 2 reviews
March 4, 2023
Good overview of some of the basic considerations in small business tax planning. A lot of tax rules are the result of confusing political and legal compromises, and these complications amplify each other, so it's nice to get a sense of what the government cares about most in each case. I don't earn much money from self-employment but this makes each deduction more useful to me and worth thinking about.
October 9, 2012
This book gives a fair amount of information on deductions, but too much time is spent on RRSPs and tax splitting with family members rather than focusing on strictly small business matters. Considering that the author is one of Canada's best-known tax experts, this was rather disappointing. It should be noted that the Toronto Public Library is still loaning out this 2007 edition in 2012 even though the contents are becoming dated. Overall, a 3 out of 5.
Displaying 1 - 2 of 2 reviews