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I actually had this discussion with my accountant yesterday: it only makes sense if you're so profitable that you're paying taxes. Guess who that favours ;) N
by cheez 11y ago
I actually had this discussion with my accountant yesterday: it only makes sense if you're so profitable that you're paying taxes.
Guess who that favours ;)
Not me!
- derekja 11y agoreally? It's a refundable tax credit. Meaning if after the tax credit there is a balance it can be paid back out to you. See http://www.cra-arc.gc.ca/txcrdt/sred-rsde/clmng/srdnvstmnttxcrdt-eng.html#s4_0 http://www.cra-arc.gc.ca/txcrdt/sred-rsde/clmng/srdnvstmnttx...
- boonez123 11y agoGet a new accountant.
- cheez 11y agoThat's the thought I had for other reasons, but good to know that it was justified.