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.<\/p>\n
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.<\/p>\n
Too bad we can’t all starve the beast in Ottawa and Victoria in my case.<\/p>\n
I still trade within my TFSA and RRSPs.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 … Continue reading