Monday, January 25, 2010

Financial Boot Camp in Calgary

Kustom Design Educational’s Financial Boot Camp is a series of fun, fast-paced and inspirational sessions where you will be empowered to take control of your finances. It is a 7-week course that is held 1 night per week for 3 hours. The Financial Boot Camp is geared towards the 5 Steps to Financial Freedom based on biblical principles of finance that will empower people to become good stewards, acquiring more wealth and cash flow to bless generations. There are currently 3 Financial Boot Camps: Financial Boot Camp Level 1 Financial Boot Camp Level 2 Kingdom Financial Boot Camp BE ON THE RIGHT TRACK TO FINANCIAL SUCCESS!! To learn more about our financial boot camps, please visit http://www.kdeducational.ca/

Tuesday, January 19, 2010

Ways to Save on Tax for Self-employed and Business Owners

Here are more ways for the self-employed people and business owners to save on their taxes:
  • Deducting Business Expenses: You can deduct any and all expenses that you incur for your business. These expenses can be in the life of the corporation, or before the incorporation.
  • Use Dividends: Dividends are very tax effective. Dividends come out of the retained earnings, which is after the Corporation has already paid tax.
  • Make spouses and dependents over 18 shareholders of the corporation: This makes it easy to split income in the form of dividends.
  • Utilize Private Health Service Plans (PHSPs). These plans allow you to deduct 100% of your medical expenses through your company. You can also use PHSPs to pay for family members and employee’s medical expenses.

These are just some of the ways you as a self-employed individual or business owner can save tax. There are so many other ways to be able to maximize your tax deductions and credits. Remember, it is always best to see a tax professional to help you with your tax planning. Best, Michael Lepitre

Monday, January 18, 2010

Our First Post

Welcome to the Michael Lepitre Blog! We are excited to share tips, tricks of the trade, advice and ideas relating to the wonderful world of tax and financial services. We hope you enjoy following along! Best, Michael Lepitre