I write off EVERYTHINGā¦home security. Home internet
Home fuel
Home Office space / 20% of all home related expense
Garage space
Storage yard space
Medical/dental
Cell phone
Not so much entertainment, I should
All banking services / credit card machine terminal expenses
Advertising stuff.
All work clothes , shoes
Drones
Tools
Safety equipment
I really need to start buying equipment
An then selling it or something the next year
Itās a a horrible night mare for sure I was in the same boat years back. You gotta watch recaptured cash if you sell too early theyāll tax you on that .
Or work for cash .
Broā¦sell me one of your used dronesā¦lol
I wasnāt aware of thisā¦good tip!!
Man thatās what Iām consideringā¦
Or just make only 30k . . . And live frugal as fuck
But the business Iām in ā¦ . .my clients arenāt hiring cash for a reasonā¦and sketchy offering a warranty for Cash work
Hahaha I have 3.
nd I need to look into that tactic as wellā¦it would.be.worth.it to just take a loss on it even lol
Everything you do and or buy is a tax write off. You can claim miles or gas and repair expenses. Iām a heavy driver so I take the miles. And when I say Iām a heavy driver allegedly I just make up a high number. Itās free money. Allegedly, I had my wifeās uncle working for me at one point and was paying him $800 a week cash. At the end of the year I was like āoh no. How am I gonna account for all of this cash?ā My accountant asked about it, too. I told him that every Friday I pulled $800 from the ATM and we used that money at the strip club to entertain potential customers. He said thatās a legit write off. Phew. Allegedly. You just have to be creative cuz that other half of fica is coming for that ass, and itās ugly.
The only year my business made me any significant money was the year I decided to buy a house. Youāre right. That tax bill was disgusting.
I havenāt delved into the entertainment in past.
But I will be maxing that out .
I went for a trip to MTL twice this year. I shouldā¦ really of found a convention to pop into ffs!!! Coulda wrote off everything travel related and half the food n Bevvys.
Iāll be using all the lunch and.breakfast receipts this year for 2023 for me and (clients?).
Now I have to go through the statements to pick out those early fridays we went to the gentleman club 
My dad was a chartered accountant tax specialist, itās amazing what you can do to keep money out of the tax manās hands, but your accountant needs to be good to know these things, and obviously the better they are the more they charge like lawyers. Your accountant fees are tax deductible as well.
I got to send some seeds out. I donāt have any coin flips. Any suggestions? Where do you get the little baggies from?
I try and pay with cash. So I donāt have to pay as much in taxes. I think they get enough anyway. Anytime you buy food or go to a restaurant get gas. Not to mention your taxes on your house. Road tags. Next thing you know theyāre gonna come out with a look tax. I would always buy something to have to do with the kind of work that I was doing. One thing about America thereās plenty of jobs they just donāt wanna supply you with tools. Which I think is bullshit. Do you want me to come to work for you? You donāt wanna pay me much money. Then you want me to supply my tools. And then I have to pay taxes on top of that. Iām not liking this deal.
One thing I can say, do not let them see all your money. Itās a big scam anyway. lol. They never go after the big guys. They always go after the little flies.
Was that intake or exhaust ?
Looks like itās gonna be RRSP contributions for meā¦
Safest bet right nowā¦ if I want to continue as self employedā¦
Not gonna help for 2022, should have done that before februaryā¦Februaryā¦
Or
Going to have to roll over my self employed business into a corporationā¦
And re -align my goals as I never thought this far ahead 10+ years ago.
I would like to shut down and sell everything to the corporation - which I would use a business line or credit to purchase it from my selfā¦
Or even rent my equipment to my corporation- from myself or second corporation ?? Hahahaā¦
I will look Into a small business advisor / accounting
I like doing things my self and learningā¦ but I need to delegate. I also like staying small.
Anyway
Thanks everyone.
The really rich people here seem very stressed lately. I saw one asset manager yesterday that was shitfaced at 6pm just sitting in his beemer looking like the end was near. Itās free but itās not advice.
I just use a piece of a greeting card and a washer stapled closed.
This is a shout out to the generosity, support and kindness of a very special OGāER!
@AzSeaindooin420 has gone out of his way to help a cancer patient Iām working with. I traveled to Nevada where I couldnāt bring any meds with me. AZ stepped up and has made meds for her we picked up yesterday. The patients and kindness him and his girlfriend showed us was inspiring. He not only made her meds and is making more for her today, but also loaded her with a plethora of CBD products. Plus providing me with plenty of top notch smoke while Iām here!
Visited his greenhouseā¦ that man can grow! His plants are all amazing and healthy. She was in aww of you @AzSeaindooin420 !
I must tell youā¦ she went to bed last night saying she was pain free! Which is fabulous!
Thank you with all my heart for helping make her life more tolerable. I will never be able to thank you enough! 
@AzSeaindooin420 = OG TO THE M-F$%^ING CORE!!!
That is a true friend indeed. Thatās what friends do for each other.
That was a beautiful gesture @AzSeaindooin420 , a true OG. Thank you for helping someone in need.
Ugh, fresh outta likesā¦
Way to be @AzSeaindooin420!
