Thursday, April 26, 2007

Tax Hike For Edmonton Home Owners

I'm pretty benevolent about taxes. I think they are inescapable and thus should be borne as well as possible. Taxes rise on properties because property values rise.

"Homeowners will be hit with a property tax hike of nearly 7% this year, after the increase was approved yesterday by city council."

"That's huge, huge dollars," said Scott Hennig of the Canadian Taxpayers Federation."

Edmonton Sun

People tend to react to taxes negatively but I use them as a marker of how well I am doing financially. The more I am paying the more I must be earning/making. Don't get me wrong I don't love taxes but I understand their role in my financial house.

Like Kiyosaki says "Tax Avoidance not Tax Evasion". Pay your taxes smartly get the best accountant you can find who is suited to your individual needs. We have had 3 accountantss over the last 7 years as our company grew and changed focus.

Property values went up 52% last year, of course the government wants a piece of that!