If you are a business owner:
1. You are a tax collector (payroll taxes, GST, PST).
2. The government is your business partner (corporate taxes).
As a family, taxes are often your largest expense:
1. Income tax (as high as 45.7% of every dollar you earn).
2. Sales taxes (GST, PST).
3. Property taxes, and so on.
Fortunately, the government has provided different vehicles to help us plan when we pay our taxes (RRSP, TFSA, pensions, IPPs). These can all be great vehicles to help us defer, smooth out and/or lower our tax bills.