A Canadian small-biz owner hires their 14-year-old to run the company TikTok, paying $12k a year.

🚀 Turn your kid’s allowance into a six-figure nest egg — legally. Here’s the play: 1️⃣ Hire your teen (14+) to run legit tasks like TikTok edits, product photos, or packing orders. 2️⃣ Pay up to $12 000/yr — your corporation deducts the wage at the small-biz rate (≈ 12 %). 3️⃣ Your teen’s income is under the federal basic amount, so they owe $0 personal tax. 4️⃣ When they hit 18, move the saved cash into their TFSA; compounding 7 % turns that first $12 K into $300 K+ by age 30. 5️⃣ Repeat each year and you’re seeding generational wealth while teaching real-world skills. ⚠️ Important: • The work must be real & reasonable for the pay (CRA’s “reasonable remuneration” test). • Follow provincial labour rules (hours, breaks, school-day limits). • Issue a T4, withhold CPP/EI if required, and keep timesheets. • This is education, not personal tax advice — talk to a qualified Canadian tax professional to be sure it fits your situation. #LaidOffTo8Figures #CanadianTaxes #FamilyPayroll #SmallBusinessHack #TFSA #GenerationalWealth #EntrepreneurLife