MONETTE FARMS land parcels for sale

[TASFarms]

Red to put ev in farm name. 70 billion in ev tax breaks

[Grain Farmer]

Evan Bray show nobody felt sorry for that group of land hogs.

[AlbertaFarmer5]

Red to put ev in farm name. 70 billion in ev tax breaks

I think that only works if you also incorporate your farm in Quebec and make generous kickbacks to the liberal party of canada.

[AlbertaFarmer5]

You must have spilled over into the next higher corporate tax bracket if you owe a 6 figure tax bill.
Then they'll tax you again when you take a salary or dividend(may be eligible dividend) from the Corp.
There isn't anything for nothing.... an integrated tax system to make sure everybody pays their share, except those who don't have to pay.

Thats why part of me hates this country, there's Makers and Takers.
A punitive tax system that disinsentivizes people.
At a certain point you ask yourself why you're doing it and who you're working for.

Spilled over would be an understatement.
The other way to look at this is the highest corporate tax rate is still a screaming bargain compared to the highest personal tax rate.
Spent enough years trying to build a farm with what's left over after paying personal taxes.

We have been kicking the can while bumping up against the exemption for many years, this is the year it finally caught up to us.

[farmaholic]

AB5, Incorporation is nothing but a personal tax deferral. But there is no other way to build a business because of the difference between the personal and corporate tax rates..... but they're waiting for you to personally draw on the corp so they can tax you for at least part of that difference. At least incorporation gives you the ability to try and manage the tax.

Tax word count: 4

[AlbertaFarmer5]

AB5, Incorporation is nothing but a personal tax deferral. But there is no other way to build a business because of the difference between the personal and corporate tax rates..... but they're waiting for you to personally draw on the corp so they can tax you for at least part of that difference. At least incorporation gives you the ability to try and manage the tax.

Tax word count: 4

Get to pay the tax on one end or the other.

I'd rather pay a lot less early in my career and let the power of compounding do its work so I can pay a lot more later in life, and still have a lot more left over.