The most common and most straightforward form of business is a sole proprietorship. Simplicity and convenience are favourable when starting a business, but the tax laws in Canada can make it a thorny issue sometimes. Here are some basic tips for navigating your way through the complicated bureaucracy if you’re starting a new business endeavour.
Tags: sole proprietor
Choosing a business name can be challenging. There are many ways to go about picking a business name. Read on for suggestions about this crucial step, and what to do once you’ve decided on an identity for your business.
The self-employed in Canada need to know what the CRA considers to be business income. What you categorized as business income is necessary for when you calculate your taxable income.
Let’s go over what you need to know.