Quote:
Originally Posted by rubecube
Not as easy when rent is $700/month, you're making 45k/year, and being taxed 20k.
|
Are you exaggerating? Because if not, you aren't being taxed right. Especially in Alberta with the 14k exemption - You're effectively making 30k of taxable income before deductions and you're saying you are getting taxed 66% of that?
Hire an accountant. The grand or so you'll pay will save you probably at least 10 grand cuz you're doing your taxes wrong.