10-01-2005, 02:23 PM
| | Pay it Forward - Tax Shelter
Pay it forward is an idea one person can make a difference if they simply do good for another person and ask that person to do something good for three more people.
I am interested in helping people save thousands of dollars on their 2005 income tax. And at the same time do good for other Canadians that need our charity.
As JFK said, "ask not what your country can do for you ", but ask, "what can you do for your country".
This tax shelter is a win-win program for all Canadians. The donations made go to canadian charities with outstanding records and the tax credits returned by revenue canada reward your initiative to pay it forward.
I will introduce you to a creative tax saving strategy - a legitimate way to significantly reduce or eliminate your income tax bill. When I say legitimate, I mean it complies with a major national law firm's opinion of the current tax laws. This is better than anything I have seen. For example, in Ontario and Manitoba (rates in other provices differ slightly), for every dollar in, the client gets back $2.78 in tax credit.
That's a 178% cash on cash return! And you get it right away from the CRA. Where else can you get a 178% return on your money in just a couple of months.
Here's an idea:
Instead of contributing $5,000 to an RRSP this year, contribute $5,000 to this program and get a cash refund from CRA of $13,900 (depending provincial residence.)
If you are interested to learn more about how this program can save you thousands of dollars on your tax bill this year, you owe it to yourself to take a moment to contact me.
Note that I am more than happy to school you on the cash flow advantage this program offers as I am an educator first and a fundraiser second. Paying it forward and being a bit of a philanthropist just got easier.