Quote:
Originally Posted by 911Rob
I love being a businessman.
Tax laws in my Country were written for the businessman.
|
Yeah, I'd like some more details too! I mean, I take advantage of a lot of write-offs that I can through the business I own, but if I consider company + personal together I still pay well over half of what I bring in to the gov't, when you add in property tax, corporate tax, sales taxes, fees and costs, etc. Because I own the company, I get to pay CPP (Canada pension plan, mandatory federal pension) twice - employee contribution and employer contribution. Sure, it's the company that pays the employer contribution, but my bonus is whatever's left at the end of the year, so in reality it still comes out of my pocket. At least I don't have to pay into employment insurance. I did a quick calculation last year and I tabulated a net of about 25-30% for myself. And I still can't get a pediatrician appointment for my daughter in under 8 weeks.
Canada: resting on our laurels since 1970.
