一份固定工作再加上一份亏损的sole properitor工作是不是会lower the tax

[ottawaday]

for example, regular employment income: $50,000
sole properitorship business income: $10,000
sole properitorship business expense: $20,000
total income 50000+10000-20000 = $40,000

the personal income tax will be charged on $40,000 instead of $50,000?
Thanks

 

[pattern]

business expense不能抵减 T4 收入.

 

[ottawaday]

business expense不能抵减 T4 收入.

thanks pattern, then why someone said it could help lower income tax if do a partime business like shop.ca? is it scam?

 

[nicyr]

for example, regular employment income: $50,000
sole properitorship business income: $10,000
sole properitorship business expense: $20,000
total income 50000+10000-20000 = $40,000

the personal income tax will be charged on $40,000 instead of $50,000?
Thanks

看你的expense是什么。家里office的expense如果造成了loss，只能转到以后的年份抵消以后的business的income。
其他的expense造成了business loss，可以算在你的totalincome里面。
你看看对不对？

 

[pattern]

看你的expense是什么。家里office的expense如果造成了loss，只能转到以后的年份抵消以后的business的income。
其他的expense造成了business loss，可以算在你的totalincome里面。
你看看对不对？

应该不可以，他那个expense 是和T4 不是一个business.

 

[臭农民]

听这里人说，你还真不如拿个保税软件算一下

 

[ottawaday]

for home based consulating or service business , can claim expense for internet, utility bills, office suply, transportation, some meal, etc? and deduct these expense from business and T4 income ?

 

[ljyj]

business expenses

for home based consulating or service business , can claim expense for internet, utility bills, office suply, transportation, some meal, etc? and deduct these expense from business and T4 income ?

business related expenses can only be deducted against business income. they can not be deducted against any other income. It is a myth that owning a business at loss would lower your overall tax.

 

[nicyr]

business expenses

business related expenses can only be deducted against business income. they can not be deducted against any other income. It is a myth that owning a business at loss would lower your overall tax.

正解。有的软件出了问题，把loss从T4收入抵消了。

 

[dkwan]

Don't do business because of trying to reduce marginal tax bracket.

 

[月下独酌]

thanks pattern, then why someone said it could help lower income tax if do a partime business like shop.ca? is it scam?

it's a scam

 

[Jacklyz]

for example, regular employment income: $50,000
sole properitorship business income: $10,000
sole properitorship business expense: $20,000
total income 50000+10000-20000 = $40,000

the personal income tax will be charged on $40,000 instead of $50,000?
Thanks

自雇生意的经营亏损Business operation expenses (not included home office expenses)可以减少你的因征税收入（taxable net income，不是直接减少T4 收入），因而可以减少你的应交税款。

但这被税务审查的几率就大多了，特别是连年亏损。第一第二年可能不查你， 但六年之内随时可以被查账。

做生意亏损正常，但为了抵税而亏损，只有做传销的天才才能想出这样绝妙的说法拉人入伙。

 

[nicyr]

自雇生意的经营亏损Business operation expenses (not included home office expenses)可以减少你的因征税收入（taxable net income，不是直接减少T4 收入），因而可以减少你的应交税款。

但这被税务审查的几率就大多了，特别是连年亏损。第一第二年可能不查你， 但六年之内随时可以被查账。

做生意亏损正常，但为了抵税而亏损，只有做传销的天才才能想出这样绝妙的说法拉人入伙。

明白啦，那报税软件是对的

 

[Teddy]

这些细节必须自己查看税务手册.
自雇生意收入/亏损 (LOSS, 不直接是expenses) 是可以并入其他收入/亏损一起算的, 应该是草收入,不是net income.

另外, business loss and capital loss 是有区别的.

明白啦，那报税软件是对的

 

[ccc]

我的理解是NO。

你可以把那亏损放在那里，将来抵消小生意收入。但是，不能抵消当年的工资收入。