8 ways to pay less tax in Canada

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Running a business is a lot of work

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

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

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1. Hire a family member

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

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

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and their wages count as a tax deduction for your business

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2. Invest in RRSPs and TFSAs

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To learn more click below

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