Taxes

TurboTax Self-Employed Review

**This is a sponsored post written by me on behalf of TurboTax. All opinions are my own. For many self-employed individuals, working with an accountant is something that would be nice to do, but it can be expensive. It’s not that anyone doubts the value of using a professional, but when you’re freelancing or trying…

When Should You Consider Using the Services of a Licensed Insolvency Trustee?

Unfortunately, I’ve been getting a lot of questions about bankruptcy and consumer proposals as of late. With debt at an all-time high, people are just looking at their options and hoping for a new start. To help you navigate the decision to seek professional help, I reached out to Linda Stern, a licensed insolvency trustee…

How is Cryptocurrency Taxed in Canada?

**Note, I am not an accountant, nor am I an expert on cryptocurrencies. You should seek the advice of an accountant with experience in cryptocurrencies if you have any serious questions or concerns. With the explosion of Bitcoin, Ethereum, and whatever other cryptocurrencies that currently exist or will come to exist, many people are starting…

Freelance Taxes for Canadians

Ever since I started my side hustle, freelance taxes has been a major concern for me. I say major because I absolutely hate taxes. Despite the fact that I have a decent understanding of taxes, I just seem to have an irrational fear about them when tax season rolls around. Freelance taxes for Canadians applies to…

4 Ways to Save Money on Your Taxes When You Have a Side Hustle

**This is a sponsored post written by me on behalf of Turbotax. All opinions are my own. Side hustles have become a big thing over the last few years. If you’re unfamiliar with the term, it’s when you do some extra work on top of your day job that brings in a little bit of…

5 Financial Tips for Freelancers

**This is a sponsored post written by me on behalf of Intuit. All opinions are my own. After four years of side hustling, I finally decided to become a full-time freelancer this year. I wish I could say it was easy, but honestly, freelancing is hard work! I work harder than I ever did before,…

Avoid These Tax Mistakes if You’re a Freelancer

Recently, Intuit Canada released a study on “The Rise of the Self-Employed Economy.” The study found that half of Canada’s workforce will be freelance by 2020. At first, this number seems high, but when I thought about it, it made a lot of sense. I started freelancing two years ago, and a lot of my…

Managing Your Money as a Freelancer

Over the last two years, I’ve steadily increased my side hustle income. Despite the fact that I’ve always been pretty good with my money, there were still a few things I had to learn along the way. Saving came very naturally for me, but you’ll soon find out that it was spending that I had…

Do Your Own Taxes Or Hire A Pro?

With tax season right around the corner, it is time to start thinking about how you want to get your taxes taken care of. Taxes are always a pain, but there are many people who slog through them anyway, grimly crunching the numbers to get the right solution. On the other hand, there are other…

What Do Property Taxes Pay For?

Tonight a new Mayor of Toronto will be named. The campaign has been long and I can’t wait for it to end and for the city to move forward from it’s troubled reputation. Many voters have complained about increasing property taxes with one candidate promising to cut them if elected. Of course these same people who complain…