Taxes
Have you wondered how OnlyFans taxes for Canadians work? If you’ve joined OnlyFans as a performer and have started to earn an income, you’ll need to pay your fair share of income tax. To be clear, it doesn’t matter if you’ve earned $10 or $100,000 on the platform, any income earned is considered self-employment income and…
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**This post may contain affiliate links. I may be compensated if you use them. If you’re a freelancer, self-employed, sole proprietor, or a small business owner, you’ll likely one day wonder how to get an HST number? While some people freak out about the idea of having to collect and pay HST, it’s a good thing.…
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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 income taxes, I just seem to have an irrational fear about them when tax season rolls around. Freelance taxes for Canadians apply to…
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**This is a sponsored post written by me on behalf of TurboTax Canada. All opinions are my own. Tax time has come again after what has been another difficult year for many Canadians. Continued lockdowns and restrictions mean that plenty of Canadians have continued to pivot when it comes to their work. For some, it…
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Starting a business sounds like a daunting ordeal. Especially when it comes to the paperwork of registering a business. However, you’ll be surprised to know that registering a business in Canada is not that hard. It’s a pretty simple process that shouldn’t take too much time. Plus, you can do it from the comfort of…
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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 its troubled reputation. Many voters have complained about increasing property taxes with one candidate promising to cut them if elected. Of course, these same people…
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Did you know that collecting CPP and OAS while living abroad is possible? With retirement comes a lot of freedom and for many Canadians, that means the opportunity to travel more. For some Canadians, it may even mean moving abroad. Fortunately, you can collect many Canadian pensions and benefits while living abroad. However, where you…
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**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. Are you wondering how is cryptocurrency taxed in Canada? With the explosion of Bitcoin, Ethereum, and whatever other cryptocurrencies that currently exist…
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Filing your taxes in Canada is a straightforward process that needs to be done every year. If your taxes are simple, it shouldn’t take too long to do. However, sometimes people forget (or intentionally avoid) doing their taxes. This might be a one-time occurrence, but some people let it drag on for years. There’s no…
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**This is a sponsored post written by me on behalf of TurboTax Canada. All opinions are my own. It’s that time of year again: tax season. Which, for most of us, adds a lot of stress as we try to compile our documents and get everything organized. This year more than ever tax season has…
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