Entrepreneurship & Small Business

Sole Proprietorship CEBA Question

  • Last Updated:
  • May 2nd, 2020 11:59 pm
[OP]
Newbie
May 1, 2020
1 posts

Sole Proprietorship CEBA Question

In 2019, I had one employee and paid them roughly $15K. I did not pay myself at all, so should I pay myself $5k as an employee and suffer the payroll remittance penalties to qualify for the $20K CEBA requirement? I have a business account as well.
Thanks for the help in advance.

Cheers,
1 reply
Deal Addict
Dec 13, 2007
1635 posts
102 upvotes
Toronto
I don't think as a sole proprietor you can pay yourself and report it through your payroll account. It just does not make sense. You could pay your family member, I guess.

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