Post Date: May 26, 2025

Taxes are inevitable, but paying too much tax isn’t. In The Tax-Saving Bible, Robert Stone reveals his Ten Commandments of Tax Savings—essential principles that help Canadians minimize taxes and maximize wealth.
Commandment 1: Own a Business
Business owners have more tax-saving opportunities than employees. From deductible expenses to income splitting, self-employment is a game-changer.
Commandment 2: Maximize Tax-Free Investment Vehicles
Take advantage of TFSAs, TFRAs, and permanent insurance tax strategies to grow wealth tax-free.
Commandment 3: Structure Your Income Wisely
Salary, dividends, capital gains—each is taxed differently. Optimize how you withdraw funds to reduce your tax burden.
Commandment 4: Use Incorporation to Your Advantage
A corporation can offer tax deferrals, income splitting, and investment growth within the business structure.
Commandment 5: Deduct Legitimate Expenses
Home office, travel, meals, and professional fees can often be deducted if properly structured.
Commandment 6: Plan for Retirement with a Tax Strategy
A well-planned retirement strategy ensures tax-efficient withdrawals and estate transfers.
Commandment 7: Reduce Probate and Estate Taxes
Trusts, gifts, and insurance strategies can help minimize estate taxes for your heirs.
Commandment 8: Make Smart Use of Loans and Debt**
Use leverage and deductible interest to optimize your tax strategy and investments.
Commandment 9: Work with the Right Advisors
Coordinating tax, legal, and financial professionals ensures the best tax strategies are in place.
Commandment 10: Start Today
Tax planning is most effective when started early. Even small changes can lead to massive savings over time.
Get The Tax-Saving Bible and start applying the Ten Commandments of Tax Savings today.