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Employment Income & Self-Employed Income, anyone know rules for claiming home office expenses?
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...
- aspen300
- Apr 14th, 2023 4:30 pm
- Forum: Personal Finance
- Personal Finance
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Apr 14th, 2023 4:30 pm
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Self-employed - How to declare and pay HST from Quebec
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 ...
- saramghbell
- Dec 6th, 2022 4:18 pm
- Forum: Personal Finance
- Personal Finance
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Dec 6th, 2022 4:18 pm
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Tax Tips -- Wife and I both Self-Employed from Home
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.
- RogueMonk
- Nov 12th, 2022 2:42 pm
- Forum: Personal Finance
- Personal Finance
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Nov 12th, 2022 2:42 pm
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Self-employed mortgage with less than two years?
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 ...
- WanderingWizard
- Aug 20th, 2022 1:19 am
- Forum: Real Estate
- Real Estate
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Aug 20th, 2022 1:19 am
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[TurboTax.ca] 40% off Intuit TurboTax - Self-Employed Businesses - $26.99 PER RETURN - Great for UBER LYFT drivers
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 ...
- MakeItRight3000
- Mar 11th, 2022 12:16 am
- Forum: Expired Hot Deals
- Expired Hot Deals
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Mar 11th, 2022 12:16 am
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Self-employed and looking at disability & life insurance
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 ...
- JimboD
- Feb 5th, 2022 12:40 pm
- Forum: Personal Finance
- Personal Finance
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Feb 5th, 2022 12:40 pm
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Self-Employed - How to add payroll to bank account to satisfy promo conditions
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 ...
- Dealfiber
- Oct 23rd, 2021 6:15 pm
- Forum: Personal Finance
- Personal Finance
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Oct 23rd, 2021 6:15 pm
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Self-employed if no 2020 income?
... 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. ...
- jt2014
- Apr 22nd, 2021 8:33 am
- Forum: Personal Finance
- Personal Finance
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Apr 22nd, 2021 8:33 am
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self-employed small business bank account lowest interac etransfer fees
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 ...
- goodzyk
- Apr 2nd, 2021 11:21 am
- Forum: Personal Finance
- Personal Finance
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Apr 2nd, 2021 11:21 am
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Ineligible self-employed Canadians who received CERB due to 'unclear' information WON'T be forced to repay
... 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 ...
- gr8dlr
- Feb 9th, 2021 11:06 am
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Feb 9th, 2021 11:06 am
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How to declare a commission as a self-employed salesperson
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...
- snozip
- Jan 12th, 2021 7:37 pm
- Forum: Personal Finance
- Personal Finance
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Jan 12th, 2021 7:37 pm
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CERB for self-employed
If I'm self-employed and keep running my business with a loss, would I qualify for CERB? Or should I stop working completely?
- fbjin01
- Apr 4th, 2020 5:48 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Apr 4th, 2020 5:48 pm
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Severance payment, self-employed and EI
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...
- Dennisrfd
- Feb 15th, 2020 10:50 am
- Forum: Personal Finance
- Personal Finance
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Feb 15th, 2020 10:50 am
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Mortgage Approval for Self-Employed
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 ...
- GRZZLBR
- Dec 30th, 2019 6:47 pm
- Forum: Real Estate
- Real Estate
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Dec 30th, 2019 6:47 pm
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EI for Self-employed (lost of employment income)
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 ...
- helloworld121
- Sep 24th, 2019 4:43 pm
- Forum: Careers
- Careers
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Sep 24th, 2019 4:43 pm
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Mortgage options for self-employed new immigrant
... 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 ...
- coke1234
- Jul 16th, 2019 7:19 am
- Forum: Real Estate
- Real Estate
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Jul 16th, 2019 7:19 am
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[Bell] [Bell] Small businesses and self-employed : 940 Mbps Fibe for 46$/month - 3-years contract [QC]
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 ...
- el_pablo
- Jun 25th, 2019 9:33 am
- Forum: Expired Hot Deals
- Expired Hot Deals
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Jun 25th, 2019 9:33 am
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Employee or Self-Employed (EI,CPP and so on)
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 ...
- Dodobird123
- Mar 6th, 2019 10:59 pm
- Forum: Careers
- Careers
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Mar 6th, 2019 10:59 pm
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CMHC aims to make it easier for self-employed to get a mortgage
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 ...
- neilsmith43
- Jul 20th, 2018 7:22 am
- Forum: Real Estate
- Real Estate
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Jul 20th, 2018 7:22 am
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CRA requesting self-employed to pay tax by installments?
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 ...
- ruffalbite
- May 1st, 2018 1:25 pm
- Forum: Personal Finance
- Personal Finance
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May 1st, 2018 1:25 pm