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brokcanadian

brokcanadian

Veteran Expediter
Owner/Operator
Hmm. In Ontario, I can earn 47,888 in dividend income and pay no taxes.

So why has nobody told me this before? Incorporation time maybe
 
Ragman

Ragman

Veteran Expediter
Retired Expediter
brokcanadian said:
Any Canadians willing to chime in? How do you structure your taxes?
Click to expand...
canadiantaxform.jpg
 
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jujubeans

jujubeans

OVM Project Manager
brokcanadian said:
jujubeans said:
Dennis O Sullivan.. wonder if he's still in business..
Click to expand...
Not any longer, but thank you. Anybody who knows a good CPA in the GTA I'm ready to dump all my problems in his lap.

My current fantasy is to incorportate in Nevada and take 55c per mile, owe nothing, and bring the money back across through a dividend at 15% tax :p

(In case of a problem I can take all the money straight to a casino and bet it all on red)
Click to expand...
My current fantasy includes a warm sandy island with sea breezes gently carsssing my face and to never see snow again! Lol
 
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T

Treadmill

Veteran Expediter
Owner/Operator
RoadTime said:
Treadmill said:
You do know that you can't flip back and forth from flat to actual. Once you start on a vehicle it has to stay the same flat or actual until you change vehicles.
Click to expand...

Partly true, but not totally.

"Although a taxpayer may switch to the actual expense method on this year’s return if he or she previously used the standard mileage rate, you can’t switch the other way around if you’ve previously claimed accelerated deprecation".
Click to expand...
That's what I said, isn't it?
 
x06col

x06col

Veteran Expediter
Charter Member
Retired Expediter
US Army
jujubeans said:
brokcanadian said:
jujubeans said:
Dennis O Sullivan.. wonder if he's still in business..
Click to expand...
Not any longer, but thank you. Anybody who knows a good CPA in the GTA I'm ready to dump all my problems in his lap.

My current fantasy is to incorportate in Nevada and take 55c per mile, owe nothing, and bring the money back across through a dividend at 15% tax :p

(In case of a problem I can take all the money straight to a casino and bet it all on red)
Click to expand...
My current fantasy includes a warm sandy island with sea breezes gently carsssing my face and to never see snow again! Lol
Click to expand...



Not an Island, or any sea breezes just land breezes. A garden paradise and 82 here today. But, I still like it up North............in the Summer.
 
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jujubeans

jujubeans

OVM Project Manager
ntimevan said:
jujubeans said:
Can't tell for sure grandpa but it kind of looks like you two share the hairline!:)
Click to expand...
His mom cut his hair again about 10 days ago .... looks more blonde now ... 2 months ago his hair hadn't ever been cut and had lots of Red tint ... now Mommy likes it shorter ... lol ...

Sent from my SM-G900M using EO Forums mobile app
Click to expand...
It's easier to get the chewing gum out! Lol
 
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