If you’re feeling unhappy with your tax bill this year, you’re not alone. While it’s easy to get frustrated when you see how much you owe, a bigger bill can actually be a good sign that your income is growing. In this video, I share why now is the perfect time to shift your focus to planning for next year — and how it’s time to talk about smart, proactive strategies can help you keep more of what you earn. Contact me and let’s talk!
Video Transcript: Unhappy with your tax bill this year?
So didn’t like this year’s tax bill?
Well, as some perspective — and this is really easy to say compared to when you’re in the prime of sending your money away to Revenue Canada — the more money you make, the more taxes you pay. So hopefully this is a good sign.
As well, on the plus side, you haven’t lent your money to Revenue Canada any longer than necessary.
But really, this may be that kick in the pants, if you will, to say: I need to do some more tax planning.
You perhaps can’t fix last year, but let’s start to tackle next year and the years beyond.
Time to talk with your advisor over the summer and fall.
I’m George Dube, saving the world from tax, one bow tie at a time®.
For tax-saving and wealth-building tips, subscribe to my newsletter.
Check out the next video in the series.
I want to help you do wonderful things®.
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Resources
For additional resources related to how to maximize tax deductions, see:
- 2025 tax season tips: How to save more this year
- Ownership strategies for real estate investors: Incorporate or not?
- Joint ventures and capital gains: How does this work?
- 12 tax saving & wealth building New Year’s resolutions
More questions?
Still have questions? I want to help you Do wonderful things®, so please contact me today.
Remember – circumstances are unique! This information is summary in nature. Seek out advice from your tax advisor about your specific situation.
