Re: Canadian Taxes for students
A full time student being exempt from taxes regardless of earnings doesnt make sense. It opens up too big a loophole.
For example someone earning 1 million / year can enroll themselves in a community college course for a non intense diploma program like cooking, bartending whatever, something they might have a mild interest in. Put in the minimum amount of time and effort, just enough to not flunk out and save themselves hundreds of thousands in taxes?
given that school year is maybe 25 weeks, putting in 10 hours of class and work time a week, thats 500k savings for 250 hours. Pretty good rate.
|