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