Having been a sole proprietor in Canada (a.k.a. self-employed) full-time for over 4 years now, I've learned quite a bit about how to run a small business. This is why I love to make videos on the topic and answer people's questions. And for this video I am answering some of the top questions I get via Instagram DM, email, and in my YouTube comments about being a sole proprietor in Canada.
Got more questions for me? Ask them in the comments!
Looking for an accountant to help you with your specific business questions and needs? I've got a few linked here (and also a reminder, I'm not an accountant and can't give you specific advice for your business) https://jessicamoorhouse.com/recommendations
CHAPTERS
00:00 Introduction
03:05 Is EI worth it if you're self-employed?
05:08 How do I pay CPP with my taxes?
06:20 Should I register my business?
08:22 How much do I have to make before I have to report it to the CRA?
09:11 How do I get health insurance if I'm self-employed?
10:45 Do I need a special bank account for my sole proprietorship?
RESOURCES
➡️ EI Benefits If You're Self-Employed https://www.canada.ca/en/services/benefits/ei/ei-self-employed-workers.html
➡️ Self-Employed Taxes in Canada: How Much to Set Aside for CPP, EI & Income Tax https://jessicamoorhouse.com/self-employed-taxes-in-canada/
➡️ Sales Tax in Canada (HST, GST, PST) When You’re Self-Employed https://jessicamoorhouse.com/sales-tax-in-canada-hst-gst-pst-self-employed/
➡️ GST, HST, PST - Sales Tax for Small Business in Canada Explained https://www.youtube.com/watch?v=6WVle5QlFrM
➡️ Profit First Book Recommendation https://amzn.to/3iGmdTY
GET STARTED
➡️ COURSES, SPREADSHEETS & MORE https://jessicamoorhouse.com/shop
➡️ EMAIL LIST https://jessicamoorhouse.com/subscribe
➡️ RESOURCE LIBRARY https://jessicamoorhouse.com/resources
➡️ RECOMMENDATIONS https://jessicamoorhouse.com/recommendations
FOLLOW ME
✏️ BLOG https://jessicamoorhouse.com/blog
🎙 PODCAST https://jessicamoorhouse.com/podcast
🐥 TWITTER https://twitter.com/jessi_moorhouse
📘 FACEBOOK https://www.facebook.com/jessicaimoorhouse
📸 INSTAGRAM https://www.instagram.com/jessicaimoorhouse
📌 PINTEREST https://www.pinterest.com/jessimoorhouse1/
ABOUT ME
I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, blogger, YouTuber, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and turned my personal finance blogging side hustle into my full-time business so I could spend all my time teaching others how they can take control of their lives by taking control of their money. To learn more, check out my website https://jessicamoorhouse.com
#smallbusiness #selfemployed #soleproprietor
---
DISCLAIMER & DISCLOSURE
The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/
