Quote:
Originally posted by Jman69
Canada is probably the best place in the world to live if your earning under 60K (CAN) but start earning more and you get raped on taxes. I believe if you earn over 100K you start paying 50% tax. There are some legal things you can do to shield some of your income from being taxed, but basically your fucked.
Thats why 95% of Canada's brighest minds, stars, and rich people move away.
Not to mention there is a fucking 15% sales/GST tax on virtually everything you buy.
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This is why you split your money with a corporation and take you income out as a taxable dividend.
The GST paid by your company is refunded at the end of the year so long as you register with the CCRA for a GST number.
If you have real business skills you can do just fine. You can also avoid about 99% of the American litigation and Acacia style scams.