Balancing a full‑time job and a side hustle? Don’t let taxes surprise you. In this episode, we break down how income from a side gig gets taxed in Ontario, the differences between operating as a sole proprietor vs. incorporating, and which deductions you can claim—from home office and vehicle expenses to meals and supplies. We also cover when you’ll need to register for HST, how to manage taxes across multiple income streams, and tips to stay compliant without stress. Whether you’re tur...
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Balancing a full‑time job and a side hustle? Don’t let taxes surprise you. In this episode, we break down how income from a side gig gets taxed in Ontario, the differences between operating as a sole proprietor vs. incorporating, and which deductions you can claim—from home office and vehicle expenses to meals and supplies. We also cover when you’ll need to register for HST, how to manage taxes across multiple income streams, and tips to stay compliant without stress. Whether you’re tur...
Securing Your Business and Retirement — What Every Owner Needs
Made In Canada
13 minutes
2 months ago
Securing Your Business and Retirement — What Every Owner Needs
When you own a business, planning for what happens after your time is just as important as what you do today. In this episode, we explore two key tools every business owner should know: having a proper Will, and writing a thoughtful retirement letter. You’ll learn why a Will protects your business, ensures fair distribution of assets, and minimizes stress for those left behind. Then, we walk through practical tips and templates for retirement letters — how to announce your plans, expres...
Made In Canada
Balancing a full‑time job and a side hustle? Don’t let taxes surprise you. In this episode, we break down how income from a side gig gets taxed in Ontario, the differences between operating as a sole proprietor vs. incorporating, and which deductions you can claim—from home office and vehicle expenses to meals and supplies. We also cover when you’ll need to register for HST, how to manage taxes across multiple income streams, and tips to stay compliant without stress. Whether you’re tur...
