Entrepreneurship & Small Business
Sole props pay both employer and employee CPP when they file their income tax return.GoodFellaz wrote: ↑ sole proprieters do not pay cpp/ei unless they have a payroll account, do u have a payroll account or just a gst account?
You don't need a GST account to collect on your zero rated sales to non resident companies. But it may be in your interest to have a GST account to claim a refund on any GST you paid in your business.
I think you are misinterpreting Sole Proprietor = Incorporated. Sole proprietors definitely do pay CPP, including the employer side.GoodFellaz wrote: ↑ sole proprieters do not pay cpp/ei unless they have a payroll account, do u have a payroll account or just a gst account?
If you are a sole prop only, you didn't pay EI (unless you voluntarily registered for it) but you did pay CPP for both employee and employer. It is automatically included in your tax balance due.GoodFellaz wrote: ↑ sole proprieters can be incorporated or not, its up to them, when i was one, i never paid CPP/EI deductions, but i did give my accountant my paper work maybe i paid it at personal income tax time? how do i check?
Sole proprietors and incorporated are opposites, you can only be one or the other.GoodFellaz wrote: ↑ sole proprieters can be incorporated or not, its up to them, when i was one, i never paid CPP/EI deductions, but i did give my accountant my paper work maybe i paid it at personal income tax time? how do i check?
