Quote:
Originally Posted by Barry-xlovecam
Canada's corporate tax rate is 15% Federal
With the Ontario Provincial rate 25%.
https://home.kpmg.com/content/dam/kp...6-and-2017.pdf
Read the bottom line. Incorporate. You should be in a position to do that.
Move to Syria -- I hear no one is paying taxes there anymore 
Canada is more expensive for a lot of things -- not my fault.
Take 8% off your personal rate -- that is what healthcare costs are in the USA (at least). Like I said: Income Tax or a GST -- not both.
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I guess that Carpenter will have to raise his price but I am paying more taxes for his working under the table and not paying taxes -- in the USA he might get Medicaid, an Obamaphone and EBT-Food Stamp money declaring little or no income. Who do you think pays for that -- the tooth fairy?
Is that fair to me? |
not the point at all. the point is no matter how much more taxes are collected, they will only want more and spend more. if you think those people getting paid under the table paying taxes on it is going to reduce your tax burden i'd say you are naive and put too much trust in the government to do the right thing. they exist largely to serve their best interest, not yours.