I pay a lot of tax every year – what can I do?le
Our view is that it is imperative that we review both the business operations as well as your personal tax situation simultaneously to properly balance the amount of tax you pay in both areas with the focus on… Never Pay Tax Unnecessarily. Some of the options we may explore are paying your spouse and paying your kids. Often times they provide infrequent support to your business with no compensation. They should be paid for their “part-time” assistance, and if their tax base is low – they may get all their tax back and if under age 16, they won’t pay CPP.