Friday, May 16, 2025

General Self-Employment & Taxes

Self-employment can be a liberating experience, allowing individuals to pursue their passions and...

Unlock Your Earning Potential:...

In today's fast-paced and ever-changing job market, having a single source of income...

The Future of Work:...

The way we work is undergoing a significant transformation. The traditional 9-to-5 office...
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Category: Taxes

General Self-Employment & Taxes

Self-employment can be a liberating experience, allowing individuals to pursue their passions and work on their own terms. However, it also comes with unique challenges, particularly when it comes to taxes. As a self-employed individual, you are responsible for reporting your income and expenses to the government, which can be a complex and time-consuming process. In this article, we will provide an overview of general self-employment and taxes, including the benefits and drawbacks of self-employment, tax obligations, and tips for navigating the tax system. Benefits of Self-Employment Self-employment offers many benefits,...

How to set...

Introduction to CRA Direct Deposit The Canadian tax authority offers a convenient way to receive funds directly into your bank account or credit union account...

This way you...

Understanding RRSP Contributions Your RRSP (Registered Retirement Savings Plan) room is calculated as 18% of your earned income from the previous year, up to a...

The Financial Freedom...

As a self-employed individual, achieving financial freedom is the ultimate goal. It means having the ability to work on your own terms, pursue your...

Freedom and Finances:...

Self-employment can be a liberating experience, offering the freedom to pursue your passions and work on your own terms. However, this freedom often comes...

You have opened...

Introduction to RESPs If you've opened a Registered Education Savings Plan (RESP) for your child or children, you're already taking a great step towards saving...

The Self-Employed Life:...

Self-employment has become an increasingly popular career choice for many individuals. With the rise of the gig economy and advancements in technology, it's easier...

Tax data, credits...

Tax Changes in 2024: What You Need to Know The Canadian government has introduced several tax changes that took effect in 2024. These changes aim...

Breaking Free: How...

Are you tired of the 9-to-5 grind and dreaming of being your own boss? Self-employment can be a thrilling and liberating experience, but it...

Is real estate...

Investing in Real Estate for Retirement Real estate can be a great investment option for retirement, as it tends to provide predictable income and increases...