Tag: canadian tax

“Sole Proprietorship vs Incorporation” – Planning your business strategy

Should you incorporate your small business? (Sole proprietorship, partnership etc) Jumping from Sole Proprietorship to Corporation in Canada? We’ll break it down step by step. Earning side income or owning a small business can be a very rewarding experience, both emotionally and financially. The… Continue Reading ““Sole Proprietorship vs Incorporation” – Planning your business strategy”

Should you incorporate your small business?

When a business is started, it can be structured as a proprietorship, partnership, or corporation. Proprietorship A sole proprietorship is one person operating a business, without forming a corporation.  The income of the business is then taxed in the hands of the owner (the proprietor), at personal… Continue Reading “Should you incorporate your small business?”

Incorporating & GST 101

This video is about Incorporating & GST 101 Find the resources here: 1. https://www.facebook.com/notes/danielles-sos-bookkeeping-services-ltd/self-employed-taxes-4-key-questions-to-ask-yourself-before-filing/2123582564630997/ 2. https://www.facebook.com/notes/danielles-sos-bookkeeping-services-ltd/does-your-small-business-need-a-gst-number/2123572067965380/