I run a small consulting business on my own for which I use my second bedroom as an office. In addition, I'm also employed full time for which my employer has provided me with a T2200 to claim home office expenses as an employee. Would this mean I claim the home office expense under my business inco...
Apr 14th, 2023 4:30 pm
Hello, Here is my situation for which I desperately need input: Self-employed consultant in technical services (IT) Resides in Quebec Charges HST for a client who's office is in Ontario Where do I declare it and how do I make sure that the money is going ...
Dec 6th, 2022 4:18 pm
Hello.I am wondering about how to approach home office use when both my wife and I work from home and share a home office. I am the higher earner -- can I simply claim all the deductions and she none? Any tips are welcome! Thanks.
Nov 12th, 2022 2:42 pm
Hello, I was just wondering if it's possible (and if you have any tips) about getting a mortgage with only one year of full-time self-employed income? I've been working part time (often less than 50% for several years) and my credit is excellent. For various reasons (travelling, going ...
Aug 20th, 2022 1:19 am
Self-Employed Businesses - 40% off Intuit TurboTax - $26.99 PER RETURN For those looking to file using TurboTax for the 2021 tax year, there is a 40% discount available through the following link: www.turbotax.ca/lyft For ...
Mar 11th, 2022 12:16 am
Howdy! I am self-employed for the past 5 years as a Registered Massage Therapist. I am looking at getting disability and life insurance (finally, yes I know, starting to come to light of how I should have gotten this before). Currently ...
Feb 5th, 2022 12:40 pm
I am wondering if anyone has figured this out yet. I am self-employed and pay myself via cheque (from my own company) at the start of every month. I recently signed up for a Simplii chequing account because of the $200 bonus offer. I did not read the ...
Oct 23rd, 2021 6:15 pm
... from 2010 - 2019, but in 2020 had no self-employment income (but incurred self-employment expenses), is that person still classfied as self-employed (from CRA perspective) in 2020 and as such can claim the 2020 self-employed expenses? Scoured CRA website but no commentary I can find. ...
Apr 22nd, 2021 8:33 am
looking to set up a self-employed small business bank account where the activity will be almost all interac etransfers - probably 3 outgoing etransfers and 45 incoming etransfers a month. Going online to compare is a bit difficult as ...
Apr 2nd, 2021 11:21 am
... next. Those who shouldn't have gotten CERB and got it anyway will be able to keep it? https://nationalpost.com/news/politics/ineligible-self-employed-canadians-who-received-cerb-due-to-unclear-information-likely-wont-be-forced-to-repay They should definitely be forced to repay because ...
Feb 9th, 2021 11:06 am
Hello, I am offering services to a company in exchange for a % commission on sales. I am not a shareholder because I was not interested in the vesting process. Being paid as an employee would be too much paperwork/fees hassle for the company. What are my options here? Should I create a sole propriet...
Jan 12th, 2021 7:37 pm
If I'm self-employed and keep running my business with a loss, would I qualify for CERB? Or should I stop working completely?
Apr 4th, 2020 5:48 pm
Hi all, I was laid off recently and got a small severance package. As I understand, I apply for EI right away, but my severance package affects the first day of EI payments - they actually count how many days are covered, add vacation payment, add one week and then start the EI transfers. My questio...
Feb 15th, 2020 10:50 am
I have a question re: calculating income for the self employed. I made a transition to full self-employment (sole proprietorship) in 2019. In 2018, 50% of my income came from traditional employment. I expect most of my future income to come from the business and remain fairly steady/grow slowly. My ...
Dec 30th, 2019 6:47 pm
Hey guys, For the self-employed, do you guys know if we can buy Employment Insurance (losing your job without cause, layoff,etc) , or anything similar? I know we can buy extended EI from the government but that doesn't cover losing ...
Sep 24th, 2019 4:43 pm
... family and I will be moving to Canada as permanent residents in the next couple of months. We are looking to buy a home in the Windsor area. I am self-employed and will not have any Canadian employment nor do I have any Canadian credit history although I have excellent credit in the country I ...
Jul 16th, 2019 7:19 am
Hey guys, If you have a small business or are self-employed, Bell has a nice deal. 940 Mbps Fibe internet for 46$/month and an extra 300$ credit if you are from Cogeco. A couple of guys and myself at my office who do some freelancing have signed ...
Jun 25th, 2019 9:33 am
I would like to share my Employee or Self-Employed story with people. I hope it will help someone because I remember how difficult it was to find right information (sorry for grammar, English is my second language). I was working for one company ...
Mar 6th, 2019 10:59 pm
CMHC aims to make it easier for self-employed to get a mortgage Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage. The national housing agency says it’s giving ...
Jul 20th, 2018 7:22 am
Just got a note from CRA saying they were going to make me pay tax by installments. I'm guessing this is because I am self-employed and pay all my taxes at the end of the year. However, I incorporated last year, so my personal income is now effectively zero, save for dividends the ...
May 1st, 2018 1:25 pm