how do you save on taxes (for canadians)

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mike82

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Mar 3, 2007
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whats the best way to save on taxes?

is it possible to open an account offshore and have all A M money go there?

advice please. thanks.
 


John Chow had some good posts about that a while back. Just search his site he had lik a 4 part series if I remember correctly.
 
He says that if you register a "Canadian Controlled Private Corporation" you will be paying a tax of only 17% on first 400,000. But how do you get the rest of the money to yourself? Cause if with the rest of the money you pay yourself as an employee of that corporation, you will still end up paying high personal income tax. And if you just take corporatation's money and spend it yourself that's fraud as if you didnt pay any taxes. Or i am missing something here?
 
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