Confused By tax calcualtions

[mom-in-alberta]

I was told a couple of years ago that if we consistently make "no" income, or are in the negative, as it sometimes happens during the first few years of a business, the government smells a rat. The idea being, if you have been doing this for 5 years and still earn ZERO income, you probably aren't going to keep at it, so something must be up. Basically, we have to show a little bit of profit, even if it's only 5 grand or so.

[Inspired by Reggio]

I was told a couple of years ago that if we consistently make "no" income, or are in the negative, as it sometimes happens during the first few years of a business, the government smells a rat. The idea being, if you have been doing this for 5 years and still earn ZERO income, you probably aren't going to keep at it, so something must be up. Basically, we have to show a little bit of profit, even if it's only 5 grand or so.

AGREED ... nobody is going to stay in a business where their income is ZERO specially one that requires such emotionally and physically demanding tolls on them

We can earn up to $10, 500 and not pay 'tax' on it anyway not to mention you want to earn something to pay into CPP for so that when retirement time comes you have something in the POT to draw from - assuming there is CPP still there when it comes time for us to retire