Young woman sitting at a table at home working with a digital tablet and sketching out designs with a pencil on a notepad

Self-Employed Guide to CERB

In response to COVID-19 the government of Canada has introduced emergency aid to help employees, employees, and self-employed individuals who have lost their income or revenue due to the evolving coronavirus situation. For more information about the government of Canada’s response, as well as measures enacted by provinces, to COVID-19 read What the COVID-19 Credits […]

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7 Ways to Keep the Kids Busy While You’re Working from Home

Working from home when the kids are running around can be tough. But there are a couple things you can do to keep their boredom at ease and your productivity high. From taking a quick nature walk to providing them with projects or educational games, keeping your kids busy and purposeful will make working from […]

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How Canadians are making side hustles work for them

In the not too distant past, the idea of doing additional work outside of your day-to-day job was almost unheard of. But a surprising 15% of working-age Canadians now say they have a side hustle. Whether it’s in pursuit of a passion, monetizing a hobby, gaining additional skills to further their careers, or simply as […]

How to register as a self employed business owner.

How to register as self-employed business owner

By 2020, 45% of the Canadian workforce will be made up of self-employed people—including independent contractors, freelancers, and on-demand workers. With almost 19 million people working in Canada today, it means roughly the population of the Greater Toronto and Vancouver Areas combined (approximately 8.5 million) will be self-employed. Almost half of those people are becoming […]

Small business owner exploring business bank accounts.

The ins and outs of small business bank accounts: what you need to know before making a choice

Managing cash is a challenge. WalletHub’s 2019 Small Business Owner Survey found that managing cash flow was the second biggest frustration for business owners. As your business grows, you need to decide on a number of products and services, including a business bank account. Your banking involves more than just free checking. You need to […]

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7 Reasons Why Amazon Sellers Need Quickbooks

If you’re looking to organize your books and accounting for your Amazon business, QuickBooks Online is a great option. This robust accounting software will give you significantly more control over your finances and Amazon business as a whole. With a quick download of a third-party app you can combine the information from your Amazon seller […]

Graphic of tax forms

Understanding Canadian Self-Employment Tax Forms

Self-employment has some exciting benefits, including a flexible schedule and the freedom to select your projects. It also comes with big responsibilities, especially at tax time. When you’re self-employed, the burden of reporting, filing, and paying taxes falls entirely to you. If you want to streamline the process, it’s a good idea to get familiar […]

Certified project management professional poses for his ID photo after securing a higher profile position in the company

How to Become a Project Management Professional

If you’re considering a career change and have the traits of a leader, you might want to think about becoming a project management professional. These professionals keep jobs running smoothly and reduce risks associated with poor decision making. You can achieve your certification with either a high school diploma or college degree, and you can […]

Mobile Solutions for Real Estate Agents

As a real estate agent, you spend most of your workday on the go. When you’re holding open houses, taking clients to view new properties, or presenting offers, you’re helping your business thrive. But what about all those time-consuming administrative tasks? All the hours you spend handling bookkeeping chores, tracking and reporting your expenses is […]

Does Work Life Balance Exist for the Self Employed?

Dedication, focus, and perseverance: you’re fully aware of these critical elements for a successful self-employed business. As you pursue your goals, do you sometimes feel as if the time and energy needed to do so are physically and mentally draining you? One of the most important, but often overlooked, components of self-employed advice focuses on […]

Top Tips for Real Estate Agents

Are you wondering how your habits stack up against the most successful real estate agents? Whether you’re building your real estate client roster or you’re looking to boost sales for your established business, looking to successful real estate agents for inspiration can help you identify areas you can improve your own business. From using time […]

Self-employed man standing in his bakery

Self-Employed: How To Successfully Build Your Business

Are you considering starting your own business as a self-employed entrepreneur? If you want to build a successful entrepreneurial business this article is an insightful guide. We’ll cover everything from finding business opportunities to managing your finances to saving for retirement.   Table of Contents: Starting Your Self-employed Business Sole Proprietor Jobs Growing Your Business Managing […]

Small business owner using bookkeeping software

Tax Time Webinars with Susan Watkin

Get prepped for tax season with our QuickBooks Tax Time Webinar series with Susan Watkin. We have 3 types of tax webinars designed for the self-employed (filing a T2125), incorporated small businesses, sole proprietorships & partnerships. Register below for the tax time webinar that suits your needs. Tax Time Webinar for Incorporated Businesses When: Tue, […]

What are the Advantages and Disadvantages of Sole Proprietorship?

Before you get your business off the ground, it’s crucial to choose a legal structure that best fits your company’s needs. The legal structure you pick for your business has an impact on the amount of taxes you pay, your ability to raise money, the amount of paperwork you’re required to do, and the personal […]

Guide to Registering Your Self Employed Business in Canada

If you’re a self-employed business owner in Canada, you’re legally required to register your business. For most companies, this process involves registering your company name with the proper government authorities, registering your business as a legal entity, registering with tax authorities, and applying for the appropriate permits and licenses. Aside from the legal requirement, there […]

How to Prove Income When Self-Employed in Canada

You’re self-employed, so you’re carrying a lot of responsibilities, including tracking and reporting your income and expenses accurately. These activities are crucial to continuing your business success and staying on the good side of the Canada Revenue Agency (CRA). When you need to prove income while you’re self-employed, it’s easier to generate the necessary documentation […]

5 Ways To Minimize Self Employment Tax

If you’re an independent contractor, freelancer, or self-employed professional, you’re in good company. A recent study shows that more than 1.5 million Canadians are self-employed, and indicates that 45% of Canadians will be self-employed by 2020. Maybe your goal is to supplement your regular income, as 41% of self-employed Canadians are doing. Or perhaps you […]

QB Assistant

Quickbooks Assistant is Here to Help

Stay on top of your finances with Quickbooks Self-Employed Assistant. Ask questions such as “what did I spend most on” or “how many business kilometers did I log” and you will get the answers you need in seconds. How to use QuickBooks Assistant Download and launch the Quickbooks Self-Employed app. Select “Help” by selecting the […]

Man and woman sitting on couch discussing finance methods

Making Your Business Decisions With Finance Methods and Models

As a small business owner, you’re often faced with decisions about what’s best for you and the financial health of your company. Don’t worry. There are several finance methods and models to help you make sound choices, including net present value, opportunity costs, and the internal rate of return formula. Net Present Value Net present […]

Seller uses the Amazon Seller Central Canada platform

The Ultimate Guide to Amazon Seller Central Canada

Have you ever dreamed of running a business online? Amazon Seller Central makes it possible for you to reach millions of potential customers with your products almost immediately. Whether you already own a retail business and want to create an online platform to sell your products or you want to establish a new online store […]

A consultant meets with a client

What To Expect When Starting a Consulting Business

You’ve worked for 15 years managing a dedicated team as part of a large, global firm based in Canada. Midway through your career, you decide something’s missing. You feel as if you’ve learned all you possibly can from your current position, but you don’t want to become an executive with even more job duties and […]

Busy mom trying to work on her projects

Mother’s Day Tip Sheet: Advice on managing your family and business from a fellow “Mompreneur”

Being an entrepreneur is hard but being a parent and running your own business truly tests your limits. Finding that balance between building a business and carpool, and school activities, and kids’ appointments and having a life outside of everyday responsibilities is enough to discourage even the boldest aspiring entrepreneur. Despite the challenges, however, ‘Mompreneurs’ […]

Entrepreneur works with a business coach

How to Find the Perfect Business Coach for Your Needs

Get professional insight on how to make your small business more successful by working with a business coach. Learn what to do before searching for coaches. Find out about the professional resources near you to find business coaches and what attributes the top coaches have.

Freelance tutor reviews must-have apps on mobile device

15 Must-Have Apps for Freelance Tutors in Canada

Check out the wide variety of apps available to help freelance tutors in Canada provide the help their students need. Apps range from games that make math fun to practical connections that allow students to find just the right tutor.

Physiotherapist explaining how he got his license

How to Become a Physiotherapist

Learn what an aspiring physiotherapist must do to become a licensed physiotherapist in the province in which they intend to practice, along with post-licensing continuing education requirements.

Small business owner working on side hustles

4 Side Hustles That Make Great Small Businesses

Supplement your income with these trending side hustles that can easily turn into thriving small businesses. Learn how to become an entrepreneur without breaking the bank on startup costs with these fun and easy money-making ideas that have potential to grow over time.

Man who wants to be a chef examining food

Are You a Personal Chef in the Making?

Learn the ins and outs of being a personal chef that makes meals for clients. Discover there difference between a personal chef and caterer, and find out what training is needed. Get to know the benefits of joining a professional association, and explore what a personal chef does on a day-to-day basis.

Independent paralegal reviews legal documents

Why You Should Become an Independent Paralegal

Offer legal services without earning your law degree with a paralegal licence in Ontario. If you meet the education, testing, licencing, and character requirements, you can start your own paralegal practice without supervision from a lawyer.

Experienced freelancer giving retirement advice to a listener

When Should Freelancers Begin Collecting Their CPP?

Look at the advantages of delaying your Canada Pension Plan payments, and compare that to the potential benefits of taking early payments. Get some of the information you need to decide if you should take your CPP payments now or later.

Middle-aged man studying the Old Age Security program for when he gets older

Self-Employed Retirement: Old Age Security, Savings Plans, and Pensions

Learn how the Old Age Security program and the Canada Pension Plan are different. Find out who is eligible for each program, and learn how and when you should apply for benefits.

Accountant using a technology based option for her CPD requirements

Where to Find Government Funding for Women Entrepreneurs

Finding the money to start or expand your business provides a challenge for anyone, so don’t overlook special government grant and loan programs designed specifically to support women entrepreneurs. Government funding is sometimes available at the federal, provincial, territorial, or local level, giving you the opportunity to apply for financing outside of a private bank […]

How to Calculate Sales Tax in Quickbooks and Other Tax Tips for the Self-Employed

When you embark into the entrepreneurial world of self-employment, you take on a lot more control over your income and finances. This also means you take on more responsibility for calculating your own tax liability. You may have to consider things that salaried employees don't necessarily have to consider, such as deductible business expenses and [...]

Desk with mobile phone displaying salary and profits for small business

Setting Your Salary as a Small Business Owner

As a self-employed person, it’s important to pay yourself a reasonable salary. Determining an adequate salary might take some intense thought, since entrepreneurs wear many hats. It’s also essential to consider the impact the salary you choose might have on your taxes. Not only do you have to figure out how much to pay yourself, […]

Canadian woman navigating the quarterly payments for her freelance taxes

Navigating Quarterly Payments for Freelance Taxes in Canada

If you’re a freelancer or an independent contractor, you may have to send quarterly tax payments to the CRA. Don’t be intimidated. The process may be easier than you think. Who Has to Pay Quarterly Income Taxes? As of 2017, you must pay quarterly income taxes if you anticipate owing more than $3,000 at tax […]

Independent contractor and realtor places for sale sign in front of home

Independent Contractor Versus Employee: What to Do If You Think You’re Misclassified

The distinction between employees and independent contractors seems sometimes blurry, but this important distinction can have huge financial consequences for both payers and workers. When you sign on as an employee, payers have the responsibility of withholding applicable payroll taxes and Employment Income and Canadian Pension Plan contributions. This also makes workers subject to the […]

A home-based employee poses in her home office

Independent Contractor Versus Home-Based Employee: What’s the Difference?

Working from home doesn’t necessarily mean you’re self employed. It’s increasingly common for companies to hire remote workers, or to allow current employees the flexibility to work outside of a specific office space or regular schedule. While the terms seem similar, the difference in definition between a self-employed individual and a home-based employee means a […]

An independent contractor calculating his hourly rate

How to Calculate Your Contracting Rate

When you’re first starting out as a freelancer, one of the biggest challenges is setting your hourly rate. Charge too much, and you’re going to drive away potential clients. Charge too little, and you have to work more hours to earn your target salary. By doing a few calculations, you can figure out an hourly […]

Contractors review qualifications for crane operators near blueprints at construction site

Requirements for Becoming a Crane Operator

With a shortage of crane operators all across Canada, the profession is growing in demand. As current operators retire, the industry faces the challenge of finding new, qualified workers to fill their positions. Find out what it takes to become a crane operator and fill a seat in this in-demand industry. Choose the Crane Type […]

A real estate agent places an open house sign outside a property

How to Become a Real Estate Agent

Improve your career outlook by becoming a Canadian real estate agent. Discover how to find courses in your province that help you get licenced for business.

A coffee shop clerk helping cash flow by completing a cash sale

8 Proven Ways to Improve and Maintain Your Cash Flow

The top reason small businesses fail is obvious but all-too-common: they run out of money. CNBC reports poor cash flow can affect even high-revenue businesses because of simple mistakes like failing to send invoices on time. Steady cash flow means you can pay bills on time, invest, put money into savings, and reward your hard […]

Self Employed Worker

Financial Secrets for Being Self-Employed

On-demand work, such as Uber or AirBnB, is growing so fast that it’s steadily becoming a real alternative to working for an employer. You can set your own hours, work several different on-demand positions at the same time, and find work tailored to your specific niche. A 2010 study performed by Intuit in conjunction with […]

Woman taking self employed budgeting notes to keep her financial status in order

Budgeting Guide for the Self-Employed

As a freelancer, you know that budgeting comes with many rewards. You can claim added business expenses as a self-employed individual, such as office space, equipment, and employee salaries, but you must also account for fluctuating income levels and commissions. With varying revenue streams coming in each month, it’s a good idea to plan for […]

Retiree, Business Agreement

Great Startup Businesses for Retirees

Retirement is the perfect time to relax, vacation with loved ones, and pursue neglected hobbies. But not all seniors want to kick back and enjoy their twilight years in peace and quiet. Some retirees find it’s the perfect opportunity to start businesses. A lifetime worth of work experience, paired with great business connections, makes older […]

Female business accountant and client sitting in front of laptop computer on desk with coffee cup

How to Take on the Role of Your Business Accountant

Keeping track of business finances is a part of your job you can excel at with a little guidance and help from others. Handling these tasks yourself means you don’t need to add a full-time accountant to your staff. By taking advantage of the resources available to small business owners, you can feel confident taking […]

A consultant reviews a proposed business plan with her client

How to Start a Consulting Business

If you’ve worked in a specific industry or field for any length of time, chances are you’ve gained enough knowledge and insight to serve as a consultant to organizations that are looking for a little guidance. Whether it’s a company looking to launch their marketing department or a sole proprietor looking to make his or her first hire, [...]

Self employed woman working on her resume

How to List Self-Employment on a Resume

Although it’s a challenge to make the leap from freelancer to in-house employment, you can boost your odds of landing a new position by building a strong resume that reflects your unique experiences as a self-employed individual. Wondering how to put self-employment on your resume? Instead of minimizing your freelance jobs, showcase them in a […]

Man taking advice from a friend on how to become his own boss after leaving his job

Do Your Prep: Checklist to Becoming Your Own Boss

So you’re thinking of quitting your job to become your own boss. Self-employment offers a number of advantages over traditional employment, including greater freedom but also greater responsibility, and the luxury of working in your pajamas doesn’t come without a cost. You need strong self-discipline and a solid plan to transition from full-time employment to […]

A self-employed surf shop owner creates invoices on a laptop

Self-Employed Invoice Types

If you’re a fledgling self-employed business owner who’s not sure how to create an invoice, you’re not alone. Fortunately, the process is easy. First, you can find an easy-to-use invoice template on the QuickBooks website. Next, enter your company information and the customer information for the party you’re billing. Finally, provide a price and description […]

Professional woman introduces herself to man at office counter for marketing purposes

Marketing Strategies for Self-Employed Professionals

When you’re self-employed, the time you spend on paid work is probably only eclipsed by the time spend looking for more clients. When business is good, there’s a constant stream of people looking to hire you. But when times get tough and your workload lightens, you need to buckle down and increase your client roster […]

Real estate agent sets out open house sign in front of home for sale

How to Become a Real Estate Agent

Your net tax is the amount of sales taxes your business owes to the Canada Revenue Agency (CRA). This tax shows how much you should pay to the CRA over a particular tax period. If you sell taxable goods and services, you may need to remit goods and services tax or harmonized sales tax to […]

A man using his smartphone to initiate an Interac e-Transfer

What Is an Interac e-Transfer?

An Interac e-Transfer is a method for people to transfer money from one participating bank to another electronically. For example, you can send money to your friend by email if he has a Canadian bank account. Interac e-Transfers are fast, and receivers of the funds have access to the money deposited right away. Interac e-Transfers [...]

A self-employed entrepreneur calculating her Canada Pension Plan contribution

Canada Pension Plan Contributions for Self-Employed Entrepreneurs

Working for yourself brings added tax responsibilities. Check out what you need to know about Canada Pension Plan Contributions.

An entrepreneur coming up with a creative business idea using blue sky thinking

What Is Blue Sky Thinking?

Discover how, similar to out-of-the-box thinking, blue sky thinking is creating ideas without worrying about practical constraints.

Accountant and female client in office discussing business acquisitions

4 Steps to Purchasing an Existing Business

Go through these four steps for buying an existing business to minimize risk and maximize your chances of owning a profitable business.

Accountant holding smartphone displaying income stream

How to Diversify Your Income Stream: Ideas for Accountants

Diversify your accounting business to include after-tax season specialties that can help your business thrive year-round.

Video producer poses with her camera

Finding Clients for Your Video Production Business

Find out how to market your video production business and pitch your services to potential new clients.

A freelance software developer works from his laptop

How to Make a Living as a Freelance Software Developer

Make money off your software development skills by becoming a freelance developer. Learn how you can connect with clients to land jobs.

Two women discuss retirement fund strategies in office near laptop computer

Retirement Strategy: Using Non-Registered Investments Before TFSAs

Learn why you should sell your non-registered investments first and keep your retirement fund in a TFSA to reduce taxes.

Business owner giving a lecture on management

5 Essential Small Business Management Books

Review this essential list of the best business books for Canadian small business owners, from practical financing to leadership.

Consultants at office table discuss conflicts of interest near whiteboard with post-it notes

Conflict of Interest: Resolving the Agency Problem

Eliminate the agency problem in your business by requiring full transparency, limiting the agent’s power, and removing financial incentives for bad behavior.

Financial Adviser Consulting With Client in the Office

Pros and Cons of Owning a Consulting Business

Learn about some of the pros and cons of starting your own consulting business and decide if it is the type of business for you.

Financial consultant looking up whether she should earn the CFP or CFA

Financial Consultants: Should You Earn the CFP or CFA?

Learn about the Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA) designations, and see which one may be more appropriate for your career.

A travel nurse arrives at a client's home in his car

Why You Should Consider Travel Nursing

Learn a few of the benefits of taking a job of a travel nurse, such as high pay, high job security, and flexibility.

The owner of a rental property places an open house sign outside his property

Pros and Cons of of Owning a Rental Property

Managing a rental property can become more than you bargained for, but staying on the right track yields financial gain and personal satisfaction.

Accountant discusses estate freezes standing in office next to briefcase

Using an Estate Freeze to Transfer Your Business to the Next Generation

Learn the basic legal and tax aspects of using an estate freeze to transfer a business from one generation to the next.

A Canadian Chartered Accountant (CA) Meets With a Client

How to Become a Chartered Accountant

Learn what a Chartered Accountant (CA) is and learn what steps are necessary to complete to become one in Canada.

Confident and effective leader with great decision making skills

Decision-Making Skills for Effective Business Leaders

Perhaps the most vital leadership quality is being a good decision-maker. This especially applies to tough decisions that have a lasting impact on the trajectory of your business. Anyone can make simple decisions regarding what to wear, which restaurant to visit for lunch, or how to arrange the furniture in their office, but mastering the […]

A home business owner sews while her daughter draws at a table

The Difference Between a Business and a Hobby

Imagine you enjoy knitting in your living room in your spare time. You sell a few sweaters on eBay occasionally or travel to the local farmers market to make a few dollars. If you’ve never considered your knitting hobby a business, perhaps you should. The Canada Revenue Agency (CRA) applies certain criteria to interests that […]

Happy coworkers enjoying their safer workplace

Four Steps to a Safer Workplace

Some may remember the graphic WSIB prevent-it commercial campaign which showed various workplace “accidents” resulting in the serious or fatal injury of a worker.  All of the incidents depicted in the commercials could have been prevented if employees and employers avoided negligence. According to the Institute for Work & Health, small businesses employees have a higher […]