tag:blogger.com,1999:blog-37422580.post8200745602549629396..comments2023-04-04T03:43:44.728-06:00Comments on Canadian Dream: Free at 45: Tax Time in CanadaTim Stobbshttp://www.blogger.com/profile/02029234099545136789noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-37422580.post-7032989197130182342007-02-08T06:19:00.000-06:002007-02-08T06:19:00.000-06:00Larry,I have actually thought about that for mysel...Larry,<BR/><BR/>I have actually thought about that for myself, but I was waiting to see how I do as an income for a while. You still have to have a reasonable profit from it, but as long as your income out paced your deductions it should be possible. <BR/><BR/>I would still have the small complication of using my house for two small businesses. <BR/><BR/>For anyone who is curious read the following.<BR/><BR/>http://www.cra-arc.gc.ca/tax/business/topics/solepartner/businessexpenses/menu-e.html<BR/><BR/>CDTim Stobbshttps://www.blogger.com/profile/02029234099545136789noreply@blogger.comtag:blogger.com,1999:blog-37422580.post-32678367444947859502007-02-07T15:25:00.000-06:002007-02-07T15:25:00.000-06:00What about defining blogging as a part-time busine...What about defining blogging as a part-time business and claiming a portion of one's mortgage and utilities etc. as expenses relating to a home office?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37422580.post-70741035199383781412007-02-07T11:35:00.000-06:002007-02-07T11:35:00.000-06:00FT,
That was a poor choice of wording. You want ...FT,<br /><br />That was a poor choice of wording. You want to have taxable investments in the account of the lower income earner was what I was trying to get at.<br /><br />I know I can't have an investment in my account and try to claim it as my spouses.<br /><br />CDTim Stobbshttps://www.blogger.com/profile/02029234099545136789noreply@blogger.comtag:blogger.com,1999:blog-37422580.post-7873535362338768162007-02-07T11:26:00.000-06:002007-02-07T11:26:00.000-06:00keeping taxable investments in the lower income ea...<i><br />keeping taxable investments in the lower income earners name<br /></i><br /><br />Careful with this statement Mr. Dream. Whoever's money goes into investing in the asset is the person who can claim it. It can't arbitrarily be claimed with the lower income spouses tax return.<br /><br />FT<br />http://www.MillionDollarJourney.comAnonymousnoreply@blogger.com