Not exact matches
Having business expenses paid
into and out of a personal account can cause an accounting nightmare for both you and the
taxman.
When you're young, you may fall
into a lower tax bracket than you will later in life, so pay the
taxman now.
Today, because of Liberal Democrat tax reforms, more of the money you earn will go
into your own pocket, and less to the
taxman.
RRSPs are a tax - optimized wealth - creating machine: because interest, dividends and capital gains are not taxed while securities are held there your RRSP should grow like topsy, reinvesting the income without the
taxman biting
into your investment growth.
ETFs may also have to drop a few schillings
into the
taxman's cap, for instance, when the underlying index is changed.
Bruce Sellery says you can transfer all sorts of investments
into a TFSA, but you may not be able to completely avoid the
taxman by doing so.