本文发表在 rolia.net 枫下论坛Schedule 2, Claim your husband as a dependent, that cuts your income by about 6G,
T1-mov, If your husband does an lay over in Vancouver, then claim moving expenses for him, which in turn you can use since you would be paying for it, Moving exp would be another thousand deduction on your income
T776, Rent a room to your husband or other family members (if you are a renter yourself, then sublet it), have him claim rental credit (make it 10000), since he would have no income, then he can enjoy $800 in refund, You then report rental income 10000, with all the imaginable expenses, you should arrive at a 4000 rental loss which can be use for reducing your income, since it's the first year you won't be audited, remember to report rental income (even for 100 bux) every three years to show your expectation of income, after that, you can play this trick for another two years or so.
Now we have reduced your income by $11000, plus the $800 refund on otc from your hubby, your income is at 38000, now let's start cheating
Schedule 11, have your hubby or yourself enroll in some fried chicken courses, some IT rip off is fine, then claim 6G (5G if Xfer from your hubby's)on your own return as tuition, since you don't have to submit no T2202, then sky's the limit,
put on Union Dues while you are at it since you might be a member of the Chinese Canadian Professinal association, Donations!!! (ring a bell?), Your own OTC, medical expenses (you wear glasses don't you?) You should be able to squeeze 2500 out of all these
Schedule 4, carrying charges, put on your mortgage interest or line of credit interest (2 to 4G) if you can make it a case that your house is actually an investment and you expect income from capital gains that would rise from it.
Now your total income is at around $25500, with basic exemption of 7231(goes up in Y2001)
, your taxable income is now at 18000, you're in the 16% bracket again (payable 2900), as compare to 26%@50000 (payable 8000),
and again, it's tax cheating so I was just mumbling and you have to be the one to make the call...
but then again, it's not over yet, the key is execution and detailed backup更多精彩文章及讨论，请光临枫下论坛 rolia.net
T1-mov, If your husband does an lay over in Vancouver, then claim moving expenses for him, which in turn you can use since you would be paying for it, Moving exp would be another thousand deduction on your income
T776, Rent a room to your husband or other family members (if you are a renter yourself, then sublet it), have him claim rental credit (make it 10000), since he would have no income, then he can enjoy $800 in refund, You then report rental income 10000, with all the imaginable expenses, you should arrive at a 4000 rental loss which can be use for reducing your income, since it's the first year you won't be audited, remember to report rental income (even for 100 bux) every three years to show your expectation of income, after that, you can play this trick for another two years or so.
Now we have reduced your income by $11000, plus the $800 refund on otc from your hubby, your income is at 38000, now let's start cheating
Schedule 11, have your hubby or yourself enroll in some fried chicken courses, some IT rip off is fine, then claim 6G (5G if Xfer from your hubby's)on your own return as tuition, since you don't have to submit no T2202, then sky's the limit,
put on Union Dues while you are at it since you might be a member of the Chinese Canadian Professinal association, Donations!!! (ring a bell?), Your own OTC, medical expenses (you wear glasses don't you?) You should be able to squeeze 2500 out of all these
Schedule 4, carrying charges, put on your mortgage interest or line of credit interest (2 to 4G) if you can make it a case that your house is actually an investment and you expect income from capital gains that would rise from it.
Now your total income is at around $25500, with basic exemption of 7231(goes up in Y2001)
, your taxable income is now at 18000, you're in the 16% bracket again (payable 2900), as compare to 26%@50000 (payable 8000),
and again, it's tax cheating so I was just mumbling and you have to be the one to make the call...
but then again, it's not over yet, the key is execution and detailed backup更多精彩文章及讨论，请光临枫下论坛 rolia.net