People usually associate retirement with old age. For many older Canadians, the Canadian dream involves landing a good job with health and retirement benefits and working hard until you’re 65. In this scenario, retirees get to spend the autumn years of their lives travelling the world and pursuing their favourite hobbies.
Author: Victoria Morrison
Sites like Airbnb, HomeAway, FlipKey and VRBO offer homeowners (and renters!) a flexible way to monetize their space through a process known as accommodation sharing. In fact, Airbnb makes it easier than ever for Canadians to rent out an extra room in their home. Some people even maintain full-time vacation rental properties to make extra cash.
Whether you run a for-profit or non-profit business, your company may be considered a social enterprise if your commercial strategies contribute to advancing a social cause. The social enterprise sector is growing fast. In recent years, the provincial governments of Ontario and British Columbia have responded with initiatives to help social enterprise organizations grow and scale their objectives.
Even if you made no money at all in 2018, filing your income tax return with the CRA is a good idea. In fact, if you don’t file a tax return, you could miss out on tax benefits, deductions and credits . . . not just this year, but in future years too!