8 ways to pay less tax in Canada

Running a business is a lot of work

And naturally, you want to keep as much of what you make as possible

So here are some tax tips to help you do just that.

1. Hire a family member

The benefits of hiring your spouse or child and paying them a salary are two-fold

For 2022 the first $14,398 of a family member’s employment income is tax free

and their wages count as a tax deduction for your business

2. Invest in RRSPs and TFSAs

To learn more click below