DABBLER BOOK GIVEAWAY DETAILS AT THE END OF THIS ARTICLE!

Alright fellow Canadians! Tax season’s upon us so I know the procrastination bug is going to start spreadin’ like wildfire with the CRA Personal Income Tax deadline looming on the horizon. But you must be strong and to help you fight it off, here’s a shot of the vaccine:

If you’re like most, you’ll be filing your return by April 30th and hoping for the best. Before you do that though, check out these tips. You may be pleasantly surprised…

• Do you drive your own car to work? Travel between your home and employer’s office is generally considered a personal expense, but if your boss asks you to make a business stop on the way in, the entire distance you travel that day may constitute business use (does a Tim Hortons run count as a business stop?!)

• Run your own business? Consider getting a line of credit from your financial institution. The interest incurred on a line of credit used exclusively for business purchases is tax deductible!

• Fees for summer day camps, sports schools and other recreational activities for kids may be deductible, too!

• Moving for a new job or school? You may be able to claim your travel and storage costs, fees for disconnecting and connecting utilities, and more – even if you don’t yet have a job lined up in your new city!

• If you’re a bike or foot courier, you can qualify for a meal deduction of $17 a day – without receipts!

• Skating lessons? Night school courses? You might be eligible for a tuition credit, if the person taking them is at least 16 and the class is taken through a certified educational institution

• Be sure to save those monthly bus passes – they’re eligible for a tax credit!

You can save a heck of a lot more than you think! To get the exact details on these and other great money saving tips, you’ve gotta pick up a copy of Personal Tax Planning 2007/2008, where you’ll find the most up-to-date tax information from a source you can trust, the CGA (Certified General Accountants Association of Canada). Published by Self-Counsel Press, it retails at $16.95.

This concise book outlines what you need to know to minimize the income tax you pay, or defer it for future years. Updated annually, it’s written in plain language so it’s easy to follow and it’s the same book that helps CGAs keep up with developments in the personal income tax field. Personal Tax Planning 2007/2008 addresses personal tax rates and features that are specific to the federal level as well as to each province and territory, and provides current information of interest to all Canadians on topics such as:

• Income splitting
• Investment income and expenses
• Federal and provincial/territorial non-refundable and other personal tax credits
• Business and self-employment income and expenses
• Marginal tax rates for various levels of ordinary income, capital gains, and dividends

…and much much more (there’s a lotta detailed info in this thing).

You’ve all worked too hard for your money! So we’re gonna save you your first $16.95 by offering a FREE copy of Personal Tax Planning 2007/2008 to the first ten Canadians who email me (quickly!) with their full contact info:

Full name
Full Address (including postal code)
Phone Number