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Friday, March 21, 2008

Ten Sure Fire Ways to Save Tax Dollars

Strategy #1: "Buy and hold" to defer taxes for a lifetime
Strategy# 2: Maximize your RRSP contributions
Strategy# 3: Split your income with family members
Strategy #4: Invest in your home
Strategy #5: Dividends - your secret weapon
Strategy # 6: Borrow to invest
Strategy #7: Maximize your RESP contributions
Strategy #8: Maximize tax deductions
Strategy #9: Maximize employee benefits
Strategy #10: Employ yourself (part - or full time)

Note: the taxes you save from the above strategies depend on your marginal tax rate, your employement status and your investment strategies.

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