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.
Category: Self Employed
Have you always dreamed of being the boss? Or maybe you already run a service-based business, and you’re looking to share your expertise with more people in a different capacity? If you are highly skilled at something people want to know more about, consulting may be for you.
If you use a home office to earn income, you may be able to deduct some of your expenses on your income tax return. Your homework space deduction depends on your work situation, and whether you are self-employed or an employee.
Read on for more information about tax deductions for taxpayers who work from home.