As we all know the top tax bracket is >50% in some provinces. Way too high for what we get out of it. Looking to pay less, anyone got any tax evasion tips for next year? I've got a sole proprietorship on the side if that helps. Already maxed RRSP and FHSA so no luck there.
Inb4 move to America (I am strongly considering it)
We would like to acknowledge that this hole is established on the traditional and vibrantly coloured land of Don Cherry. We recognize the many years of service and garishly coloured joy he has brought us here on Turtle Island. May we continue to celebrate the spirit of Don Cherry's land with respect and appreciation.
Nous tenons à reconnaître que ce trou est établi sur le terrain traditionnel et aux couleurs vives de Don Cherry. Nous reconnaissons les nombreuses années de service et la joie aux couleurs criardes qu'il nous a apportées ici sur l'Île de la Tortue. Puissions-nous continuer à célébrer l'esprit de la terre de Don Cherry avec respect et appréciation.
Jump in the discussion.
No email address required.
The best plan I have involves making an agreement with someone to sell each other goods or services for well below market value. As the seller you pay less tax on the earnings and as the buyer you obviously save money.
It's essentially bartering but I guess the small amounts of cash exchanged are insurance for when you don't both have the good available to trade at the same time.
Jump in the discussion.
No email address required.
Hadn't considered this, could work for my sole prop some of my clients have goods I'd buy, might actually save me from having to charge gst too
Jump in the discussion.
No email address required.
More options
Context
More options
Context