Apr 19, 2016 | Contractors & Sole Proprietors, Personal Tax and Finance
To shred or not to shred – that is the question. The Income Tax Act requires every taxpayer carrying on a business to keep records and books of account so that the Minister may verify the validity of the expenses claimed and thus establish the amount of tax...Apr 18, 2016 | Contractors & Sole Proprietors, Personal Tax and Finance
Considering becoming a self-employed independent contractor? Learn the pros and cons. People who are self-employed can generally claim a wider range of deductions against business income than employees. One difference is how Canada Pension Plan (CPP) and Employment...