The federal budget came out over two weeks ago but I didn’t find out until this weekend that the personal lifetime capital gains exemption for small business corporations was raised from $500,000 to $750,000.
This means that when a small business owner sells a qualified small business, the first 750,000 is tax free and capital gains [...]
BlinkSale: Invoicing made easy
During my early days of self-employment, the tasks I habitually procastinated on where job costing and invoicing, even though putting off the latter could have jeapordized making the rent that month. It was still paperwork, and to this day, I hate paperwork.
In this day and age, a service like Blinksale is a welcome addition to [...]
Some end-of-year RRSP tips
It’s getting down to the end of the year. Hopefully you’ve been regularly contributing to your RRSP all year (as a self-employed person, you’re even more acutely aware that you’ll need to provide for yourself in retirement).
Ideally, you should be contributing your maximum allowable RRSP contribution limit every year to maximize your deductions from income.
Here [...]
Zero to self-employed for under $100
I remember being a recent college grad in the early 90’s looking for a computer programming gig and not getting very far at all. I was chronically underemployed and my inexperience wasn’t helping.
After awhile, I simply stopped handing out resumes, printed up some business cards and started handing those out instead. Things picked up pretty [...]
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