Comments on: Why Canada Is The Best Place To Start A Company http://www.thefinancialblogger.com/why-canada-is-the-best-place-to-start-a-company/ This is where your finance takes place Mon, 15 Mar 2010 01:50:05 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Everything You Ever Wanted to Know 9/12/08 http://www.thefinancialblogger.com/why-canada-is-the-best-place-to-start-a-company/comment-page-1/#comment-3263 Everything You Ever Wanted to Know 9/12/08 Fri, 12 Sep 2008 04:15:22 +0000 http://www.thefinancialblogger.com/?p=753#comment-3263 [...] Canada enticing entreprenuers to graze its fine land. [...] [...] Canada enticing entreprenuers to graze its fine land. [...]

]]> By: The Financial Blogger http://www.thefinancialblogger.com/why-canada-is-the-best-place-to-start-a-company/comment-page-1/#comment-3249 The Financial Blogger Wed, 10 Sep 2008 15:17:08 +0000 http://www.thefinancialblogger.com/?p=753#comment-3249 You are right, Only companies with a tax number are able to write off sales taxes on their tax return. The funniest things though, is that any company can have a tax number, regardless if they have to charge taxes or not for their services/products. For example, my company has a tax number which enables me to write off sales taxes on my company expenses (for example a computer or internet access). But my company don't have to charge taxes to its customer :-D You are right,
Only companies with a tax number are able to write off sales taxes on their tax return. The funniest things though, is that any company can have a tax number, regardless if they have to charge taxes or not for their services/products.

For example, my company has a tax number which enables me to write off sales taxes on my company expenses (for example a computer or internet access). But my company don’t have to charge taxes to its customer :-D

]]> By: Richard http://www.thefinancialblogger.com/why-canada-is-the-best-place-to-start-a-company/comment-page-1/#comment-3248 Richard Wed, 10 Sep 2008 13:45:20 +0000 http://www.thefinancialblogger.com/?p=753#comment-3248 One thing that applies to the US for individuals that apparently only applies to companies in Canada (correct me if I'm wrong), is we can now write off sales tax on our tax return. We don't get the tax back, but we are not taxed for that money either. Granted that is not much but some of us probably spend several hundred or thousand just on taxes and that does lower our AGI. Could possible lower our tax bracket. One thing that applies to the US for individuals that apparently only applies to companies in Canada (correct me if I’m wrong), is we can now write off sales tax on our tax return. We don’t get the tax back, but we are not taxed for that money either.

Granted that is not much but some of us probably spend several hundred or thousand just on taxes and that does lower our AGI. Could possible lower our tax bracket.

]]>