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It's difficult to avoid paying all taxes but you can definitely avoid paying income taxes. It's dependent on how much you earn, how you earn it and your ability to utilize loopholes available to you. I haven't paid any income taxes in the last 3 years. However, I have only been working part time contract jobs and I pass the income through a business where I write a bunch of expenses off to lower my income below the threshold for paying income tax in Canada. I do have to remit sales tax my business collects though but after offsetting sales tax paid on business expenses it is usually only a few hundred bucks a year.
You sound like one smart cookie
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50 sats \ 0 replies \ @grayruby 6h
We had a really good accountant for our business. He taught me a lot about how to minimize taxes and fly under the radar from audits.
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