 Canadians hit with increases to payroll and income taxes In every province, family and income scenario, our research finds that the government's take from inflation-adjusted incomes will increase, in some cases, substantially.Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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Federal payroll tax increases, effective Jan. 1, will affect almost every Canadian worker ? but those living in provinces with rates of inflation above the national average will see even bigger increases.
Sorry families... You should have been a corporation if you wanted a tax cut from Harper.
I feel for the taxpayers of this country. It's always the same. They spend our money like drunken sailors thinking that the taxpayers are a bottomless
well of dough for them to dip into as they see fit.
For me, I've had it. I sold my house, paid all my debts, and purchased 320 acres of cheap farmland. The feds will soon have gotten their last dime from me. As soon as the snow melts I'm quitting my job in the city
and will become a subsistence farmer, fisher, hunter and gatherer.
I guess you won't have internet then to keep us posted how it's going. But I doubt you'll last too long, you can update us when you get back.
I remember in the '60's some communes trying to live totally cash free. Even back then they couldn't do it, there were things they needed that they couldn't provide for themselves or could barter for. They used very little cash, but still needed some.
You also don't mention others - you going to be a hermit subistence farmer etc?
I think you're either just having a joke or a mental wank fest. Or you've saved enough to retire on, and will live on that money. In fact for CPP, don't they tax you on that income - so you'll still have to file tax returns and pay some taxes.
But I doubt you'll last too long.
Makes no difference to me as I have everything I need on the farm to survive.
If you're ok with the taxation in this country so be it. I'm not ok with it and have chosen to do something about it. You may be surprised to learn that you can live off grid with very little. It's not for everybody though. Most folks are very concerned with material wealth and wouldn't be happy living close to the earth as I plan too.
I'm not jealous. I am interested to hear how you would make out. As I said, too bad you won't have internet. It would actually make an interesting blog - maybe even turn it into a book, and then you can retire to the city on your book earnings. But if you really do it, good luck.
My guess is that if your primary reason for doing this is to pay less taxes, you won't last long. If you really enjoy that sort of life, maybe you can make a go of it, but as I pointed out, it will still take money. What you've described so far sounds like your dream, doubt you can farm/hunt/gather and make a go of it, especially without money. The natives used to do it, but as a whole village, not one guy on his own. And conditions were different then.
But I doubt you'll last too long.
Makes no difference to me as I have everything I need on the farm to survive.
If you're ok with the taxation in this country so be it. I'm not ok with it and have chosen to do something about it. You may be surprised to learn that you can live off grid with very little. It's not for everybody though. Most folks are very concerned with material wealth and wouldn't be happy living close to the earth as I plan too.
You are either going to have to have some cash investments to rely on or you will have to generate an income in some fashion because your taxes are going to continue until you die! Land taxes to the county. Your taxes will go up based on any changes you make to the property which the county 'deems' to be an improvement. For sure, you can reduce your taxes, but you will never eliminate all taxes. I have done vitrtually the same thing as you are planning to do by 'quitting my life', buying an old property out in a small village, going out to work periodically, for a few days, or a week, or even a few months, as my desires and needs dictate. In comparison, I pay very little taxes, but I pay taxes nonetheless! Still got to have gasoline for the vehicles, Got to pay insurance on everything, money for meds as may be required. Money to travel as required etc. Many years ago, I seriously considered 'homesteading' but after a lot of research , and careful consideration, I decided that the 'trade-off' wasn't worth it.
you forgot money for food, heating your home, 'lectricity for the computer you're using etc. To really live off the grid is almost impossible. Reducing consumption, that's another thing, not too hard at all.
How could I ( or anyone) possibly forget costs??? I get several 'reminders' every month!
you forgot money for food, heating your home, 'lectricity for the computer you're using etc. To really live off the grid is almost impossible. Reducing consumption, that's another thing, not too hard at all.
How could I ( or anyone) possibly forget costs??? I get several 'reminders' every month!
I had the impression you were a hard working floor installing contractor or something. Is it really possible for you to just pick up jobs as you need them - don't the sources dry up that way?
you forgot money for food, heating your home, 'lectricity for the computer you're using etc. To really live off the grid is almost impossible. Reducing consumption, that's another thing, not too hard at all.
How could I ( or anyone) possibly forget costs??? I get several 'reminders' every month!
I had the impression you were a hard working floor installing contractor or something. Is it really possible for you to just pick up jobs as you need them - don't the sources dry up that way?
The 'hardworking flooring contractor' part is what I 'gave up! Not to 'blow my own horn' but with all my certifications, years of experience, and demand for craftsmanship, I have all the work I can handle. I really do get to 'pick and choose' my jobs now. I also am a certified consultant/arbitrator and get hired just to 'run the crews' on large jobs. Finally, the hours and pay that I could have really used while raising my family!
The 'hardworking flooring contractor' part is what I 'gave up! Not to 'blow my own horn' but with all my certifications, years of experience, and demand for craftsmanship, I have all the work I can handle. I really do get to 'pick and choose' my jobs now. I also am a certified consultant/arbitrator and get hired just to 'run the crews' on large jobs. Finally, the hours and pay that I could have really used while raising my family!
Yep, in a way we should get paid the most when we're young, the less as our needs decline.
Anyway, sounds like you have it made in the shade now.
I'm not jealous. I am interested to hear how you would make out.
I guess that's the problem with written communication....you can easily take something the wrong way.
then you can retire to the city on your book earnings. But if you really do it, good luck.
LOL the city? Hell no, that's the last place I want to retire. Thanks for the good luck wish same to you and your road.
My guess is that if your primary reason for doing this is to pay less taxes, you won't last long.
Your guesses are pretty good as I've wanted this lifestyle for over 30 years. The paying less tax is a nice by-product and it's nice to thumb my nose at the guberment.
I have done vitrtually the same thing as you are planning to do by 'quitting my life', buying an old property out in a small village, going out to work periodically, for a few days, or a week, or even a few months, as my desires and needs dictate.
Sounds dreamy! How are you liking your new life?
In comparison, I pay very little taxes, but I pay taxes nonetheless!
I do realize that I will have to pay my land tax to the local municipality.As far as income tax goes it should be close to zero.
Still got to have gasoline for the vehicles, Got to pay insurance on everything, money for meds as may be required.
I'm hoping to be gasoline free within 2 years. As far as insurance goes I've got so little there's really no need for it.
Man, I I love it out here! The neighbors are all great. This whole village is my own personal playground! Me, and my 'guests' have gokart/dirtbike races up and down mainstreet. We've been out tearing around at 1 a.m. and never a word from anyone.. In part tho, I am sure that is due to the fact that I take the lawn tractor all over town and cut grass for folks, or fire up the snowblower or quad and go clearing their driveways and sidewalks, and sometimes even paths in the roads so that folks can drive over to the post office/community centre. ( If the plows haven't come thru by then).
I had to go into the city yesterday for more building materials. Couldn't wait to get home!
I've got 'babysitters' for 'Lil Yogi', housesitters, when I can't take him with me. A couple different women do mending for me, another quite often does my shopping and other errands, still others are always bringing me fresh baking. I honestly think I could have a meal at a different home everyday if I wanted. If I'm just working inside the house for a few days, and not venturing outside, then I always get a few phone calls or knocks on the door because " I/we haven't seen you, and your van hasn't moved for a few days"! I wish I had been able to do this years earlier!
http://online.wsj.com/article/SB1000142 ... 54882.html
Fear not, true Capitalists! You may have to pay more, but starting Saturday, corporate taxes drop to 16.5%! So they won't be burdened by these higher EI and CPP premiums.
http://online.wsj.com/article/SB1000142 ... 54882.html
When they get rid of double taxation, let me know.