Business

Planning to start your own business? Here you can find plenty of useful guides to help get you started! Read about tax benefits and regulations, find the best business bank accounts, and learn how to avoid all the common financial pitfalls small businesses usually encounter.

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EI Benefits for the Self Employed

EI Benefits for the Self Employed

By Kornel August 23, 2020

Today we’re going to cover the employment insurance (EI) benefits that you can receive, as a self-employed individual. Perhaps the most important thing to understand,…

Official Passive Income Rules for Canadian Small Business

By FT March 5, 2018

In the Summer of 2017, the Canadian government dropped a tax bomb on Canadian small business owners with proposed changes to how they are able to split…

Self-Employed Freelancer or Professional? How to File Your Income Taxes!

By FT September 12, 2013

With fewer employers offering stable full-time positions, instead opting for part-time and contract work, self-employment is on the rise. According to the latest jobs numbers…

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money transfers in canada

Cheap International Money Transfer (Cheaper than Wise*)

By Kyle Prevost July 3, 2024

The cost of transferring money internationally to a bank account abroad – or just exchanging one currency for another – is likely to be higher…

rrsp vs ipp

RRSP vs IPP for Canadian Business Owners

By Kyle Prevost June 15, 2024

In my recent articles about paying yourself in salary vs dividends from a CCPC, as well as investing within a Canadian corporation, we explored the…

selling a business to retire

Selling a Business to Retire in Canada

By Kyle Prevost June 8, 2024

I’ve been on a real small business/CCPC kick here at MDJ over the last month, and my end goal was always to get to a…

investing inside corportation for retirement

Investing Inside a Corporation for Retirement in Canada

By Kyle Prevost June 1, 2024

Before you jump into the details of investing inside of a corporation for your retirement, it’s likely worth taking a few minutes to read my…

canada new budget taxes

Canada’s 2024 Budget – New Taxes on Capital Gains

By Kyle Prevost April 17, 2024

Canada’s new tax rules on capital gains mean that you’re now likely to pay more taxes if you own a cottage, pass away with an…

salary vs dividends

Salary vs Dividends in Canadian Corporations: Paying Yourself as a Small Business Owner

By Kyle Prevost April 13, 2024

In preparation for our dividends vs salary comparison for Canadian small business owners, we took a broad look at Canadian corporate taxes last week. I…

ccpc taxes

CCPC Taxation: Canadian Corporations for Small Business Owners

By Kyle Prevost April 6, 2024

I’ve been getting a lot of questions recently in regards to Canadian corporations and taxes for small business owners that have a CCPC (Canadian-Controlled Private…

peer lending canada

Ultimate Guide to Peer-to-Peer Lending in Canada

By Hannah June 27, 2021

Peer-to-peer lending in Canada is a unique niche for Canadian investors looking for higher returns on fixed income.  If you want to act as the…

EI Benefits for the Self Employed

EI Benefits for the Self Employed

By Kornel August 23, 2020

Today we’re going to cover the employment insurance (EI) benefits that you can receive, as a self-employed individual. Perhaps the most important thing to understand,…

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