Tax Planning for You and YourFamily – your guide for saving money at tax time and all year round.   This book offers practical,easy-to-understand strategies that can help you keep more of your hard-earneddollars and boost your family’s net worth.   Editors-in-Chief: Paul B.Hickey, CPA, CA (Toronto) and Peter J. Bangs, CPA, CA (Ottawa) Editor: Carol Bethune, MA(Toronto)   In Canada, taxes are one ofthe biggest obstacles to the creation and preservation of independent wealth.Whether you're a student, a married or single parent, an executive or theowner-manager of your own business, this book offers practical,easy-to-understand strategies that can help you keep more of your hard-earneddollars and boost your family's net worth.   Up to date for 2016 by thetax and financial planning team at one of Canada's largest professionalservices firms, KPMG, this year's guide gives you the latest on federal andprovincial tax credit amounts, and new information on:   Creating a sound financialplan for your family's future and your retirement Making the most of the special tax breaks availablefor students, working parents, first-time home buyers, seniors, and people withdisabilities Developing an investment strategy and planning forinvestments in tax-effective vehicles like stocks, bonds, mutual funds, andlife insurance products Deferring taxes through popular savings vehicles likeRegistered Retirement Savings Plans, Tax-Free Savings Accounts, RegisteredEducation Savings Plans and Registered Pension Plans Reducing taxes on your income from your job or yourbusiness by maximizing your claims for items like automobiles, moving costs,and home office expenses Structuring your charitable donations, both duringyour lifetime and in your will, to help maximize the value of the gift to thecharity and the tax benefits to you or your estate Shielding your earnings and property from U.S. Incomeand estate taxes Creating a plan to leave more to your heirs and lessto the tax authorities through strategies such as estate freezing, familytrusts, and business succession planning Fulfilling your obligations to a deceased person'sestate and beneficiaries as an executor and estate trustee Dealing with the tax collectors, from filing yourreturn to launching an appeal of taxes in dispute   What's New - In addition toupdated federal and provincial tax rates and tax credit amounts, this year'sbook offers new information on: Changes to the taxation of testamentary trusts andestates New Family Tax Cut credit for notional income splitting Increase to the annual contribution limit for Tax-FreeSavings Accounts New Home Accessibility credit for seniors and peoplewith disabilities Tax rules for Canadians who hold U.S. green cards An updated round-up of HST and provincial sales taxrates in effect across Canada Increase to the lifetime capital gains exemption forfarming and fishing property