Tag · Canada
tax savings
Loopholes Tagged "tax savings"
Plain-English guides to Canadian legal rights and workarounds related to tax savings.
Easy If You Run a Business
GST/HST Quick Method — Small Businesses Pay Less Tax by Keeping the Difference
The GST/HST Quick Method lets most small businesses remit a reduced flat percentage of their gross revenues to the CRA instead of tracking every input tax credit — and for many service businesses, the amount remitted is less than the GST/HST collected, so the business keeps the difference as profit.
Medium If You're Saving for Retirement
CPP Pension Sharing — Reallocate Retirement Pension Between Spouses for Tax Savings
Spouses and common-law partners can apply to share CPP retirement pension amounts.