XPost: can.general, can.politics, ott.general
From: Canuck57@nospam.com
On 13/01/2012 9:04 PM, M.I. Wakefield wrote:
> "John Fleming" wrote in message
> news:p5u1h71tg1o553268v1h4t7n87887r82f5@4ax.com...
>
>> On Thu, 12 Jan 2012 22:54:41 -0700, while chained to a desk
>> in the scriptorium Canuck57 wrote:
>> > $On 09/01/2012 6:02 PM, John Fleming wrote:
>> > $> On Sun, 08 Jan 2012 17:47:01 -0700, while chained to a desk
>> > $> in the scriptorium Canuck57 wrote:
>> > $>
>> > $>> $It is. Just tells people they are herd sheep of the government,
>> > just
>> > $>> $there for the fleecing. In my case, LOL, I wasn't going to get
>> a > tax
>> > $>> $lawyer for $34. They know that.
>> > $>
>> > $> The tax lawyer would set you back several hundred dollars
>> > $> per hour or part thereof.
>> > $
>> > $Yep, but in the end they will lose big. 100% legal too. Because now I
>> > $am determined to legally do whatever it takes to reduce taxes and have
>> > $the time and flexibility to do it. Turns out I get an extra bonus too,
>> > $pension income averaging. I tripped on this well this year.
>>
>> So how does that work? Pension income is a part of income
>> tax I really don't know much about.
>
> You can transfer up to half of your pension income (and RRSP/RRIF after
> 65, I seem to recall) to your spouse, or vice-versa ... obviously if
> you're in the same tax bracket, there's no advantage, but the bigger the
> income difference, the better you do.
>
> Any competent tax software will do the calculations automatically.
Good summary.
I do like the way the US does it better, you just file a joint return.
One form, 2 people. That is, do it for all income. But Ottawa isn't
about simplification. Simplification is too efficient, and they are
union/politicians.
--
No mater how liberally you try to ignore rationality and reality,
reality always wins in the end.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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