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
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
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!
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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Cheap International Money Transfer (Cheaper than Wise*)
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 for Canadian Business Owners
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 in Canada
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 a Corporation for Retirement in Canada
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’s 2024 Budget – New Taxes on Capital Gains
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 in Canadian Corporations: Paying Yourself as a Small Business Owner
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 Taxation: Canadian Corporations for Small Business Owners
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…
Ultimate Guide to Peer-to-Peer Lending in Canada
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
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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