Working for yourself
Income, receipts, GST/HST and the everyday decisions that come with working for yourself in Canada.
Working for yourself
34 articles · 5 / 6
Working for yourself 2 min
The rolls of fabric still on my shelf
Camille counts the fabric and finished goods still waiting for buyers, then sees why a purchase is not always this year's cost of sales.
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Working for yourself 2 min
Before paying another freelancer
Keep the agreement, actual working arrangement, invoice, tax details and payment trail together, and check information-slip obligations early.
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Working for yourself 2 min
Before you clear out the tax folder
The six-year rule has a starting point and exceptions. A compact retention checklist for sole proprietors, including electronic records.
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Working for yourself 2 min
Zero-rated and exempt are different categories
Both can show no tax charged, but the input tax credit and registration consequences are different.
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Working for yourself 3 min
Laurence checks both instalment accounts
Apply the $1,800 tests separately, choose a calculation method and send each income-tax instalment to the correct account.
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Working for yourself 2 min
One bill, two uses
Document commercial use, then apply the rule for that type of purchase. The income-tax percentage is not always the ITC percentage.
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