Evelyn Jacks’ Essential Tax Facts, Simple Ways to Put More Money in Your Pocket at Tax Time and All Year Long. In this easy-to-read, visually pleasing book, the focus is on the hundreds of tax savings tips missed by average taxpayers in preparing their taxes every year and in planning for tax savings throughout the year. Yet, Evelyn goes further. She challenges the reader to benefit even more by planning for tax efficiencies all year long. Evelyn Jacks wants Canadians to pay only the correct amount of tax—not one cent more-- channeling new found tax savings into a better quality of life.

Introduction

Did you know that the biggest expense in your lifetime will be your tax bill?

That’s right, for most people it’s higher than their mortgage, car or kids’ education. Most Canadians go to work every day for almost half the year just to pay their taxes! You really don’t start working for yourself until sometime in the late spring, depending on where you live in Canada.

Further, the decisions you make about how and where you work and invest, the resulting amount of taxes you pay, income you keep and capital assets you accumulate, will be most greatly influenced over the long run by your knowledge of tax reducing strategies.

In short, it’s not just about filing a tax return on time, it’s about taking control of how much tax you pay throughout your lifetime, and making sure you pay only the correct amount and not one cent more!

When you think about your taxes as a lifetime commitment, the numbers are too large to ignore. For example, the average annual tax bill for most Canadians is just over $8000. Multiply that by a 40 year working life and you’ll pay over $300,000! Imagine shaving just 10%, 15% or 20% off that large figure each and every year. . . you could add $30,000 to $60,000 to your retirement, home ownership or educational savings plans very easily!

Got your interest?

When it comes to tax planning, so many average Canadians tune out, thinking “that’s for the rich!” Not so. You can’t afford not to take control.

Tax reduction strategies are especially important for average Canadians who go to work day in and day out and struggle with too much debt and too little time to manage their affairs wisely. In fact, most low income families actually pay a higher marginal rate of taxes than our richest citizens. . .because of reductions or “clawbacks” of social benefits like the Child Tax Benefit, which provides a monthly redistribution of income to families or modest or moderate needs.

Too technical?

Think again! Wouldn’t an extra $50 or $100 a month go a long way? Doesn’t it make sense to “pay yourself first?” If nothing else, learning more about simple, essential tax facts can put money in your pocket immediately. . .a rewarding pay-off for a reasonably small effort!

Unlike many other subject areas, when it comes to taxes, a little knowledge is a powerful thing. To accumulate new tax facts and put your knowledge into action is easier than you think. That’s because there is a lucrative purpose behind your effort—lots more money in your pocket!

Yet there is another compelling reason to learn more about your taxes now, especially if you are an investor or pre-retiree: time is often more valuable money. How much time do you have to recover from negative economic cycles, or periods of unemployment, illness or other family concerns? One way to recover from the unexpected more quickly is to focus on your tax burden. Most Canadians give up somewhere between 22% and 45% of every dollar they make to personal income taxes. How much would you save every day if you were able to keep just 10% or 15% more? It’s worth doing the calculation!

There is a time value to every dollar saved from the taxman and, as a result, every extra hour you work for yourself. Perhaps it’s time to think about your “gross” earnings—the top line—and how much of it you are keeping for yourself.

It’s easier than you think to focus on your favorite tax reduction strategies. We invite you now to spend a little time, to save a lot of money. Learn the basic tax reduction tips you’ll need to maximize your time and money, including:

• Tips for staying onside with the tax department
• Tax tips to maximize your personal economic powerhouse: the family
• Tax reduction strategies chosen especially for employees
• Tax efficiency tips for investors and capital accumulators
• Tax advantages in family homes and vacation properties
• Significant tax saving tips for the self-employed
• Tax savings strategies for single taxpayers and seniors

You’ll learn how to take home more pay, file a more accurate tax return, make better decisions about debt and investments, accumulate wealth faster, and preserve it through a lifetime of economic cycles.

Mostly you’ll see that tax light: that it pays to think taxes first before making personal, career or lifestyle choices.

After all, tax reduction strategies are all about maximizing your time and your money. . .and that’s what’s fun about accumulating tax knowledge: it’s tremendously motivating to have more of each.

This year, make a commitment to pay only the correct amount of tax, and not one cent more!

Evelyn Jacks is the best-selling author of 30 books on the subject of personal income taxation and President of The Knowledge Bureau, publisher of live and continuing education content in the financial services industry. For more information on courses and books from Evelyn Jacks, please see www.knowledgebureau.com or call 1-866-953-4769.