What can I do to reduce my tax liability?

You must pay tax on the income you earn. There are multiple ways to reduce your tax liability. You may choose to make a contribution in an RRSP to reduce your taxable income or using a spousal RRSP to split income. You may decide to share CPP benefits or even have the higher income earner pay household expenses and the lower income earner invest. Speak to a professional to get more information’s.