Last year I strove to legally pay the lowest tax I could. It works for us as we decide how much income to pull out as required. That way I don’t see my tax dollars being wasted as they are on Experimental Gene Therapy Ads and such.

In BC a taxpayer can collect up to $46,000 in eligible dividends without any tax paid if that is their only source of income. Unfortunately our monthly CPP and some capital gains from our non-registered account still requires some tax to be paid but is in the lowest tax bracket even though we have the use of sufficient funds to live.

Too bad we can’t all starve the beast in Ottawa and Victoria in my case.

I still trade within my TFSA and RRSPs.