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Hello Everyone,
I am wondering how to you record or keep track of your income for tax time (Canada)? Do you need a business license? Business account?
I am completely
How to record and keep track of your income for tax time?
asked in
Getting Started
Updated
Hello Everyone,
I am wondering how to you record or keep track of your income for tax time (Canada)? Do you need a business license? Business account?
I am completely
I am not that familiar with Canada tax rules but generally you can operate your online business under a company's name or as individual and both are taxable depends on certain tax brackets.
Every time you are paid, usually on monthly base, you will be presented with income statement which you need to keep for taxation purpose later.
Joe
Create Your Free Wealthy Affiliate Account Today!
4-Steps to Success Class
One Profit Ready Website
Market Research & Analysis Tools
Millionaire Mentorship
Core “Business Start Up” Training
I am not that familiar with Canada tax rules but generally you can operate your online business under a company's name or as individual and both are taxable depends on certain tax brackets.
Every time you are paid, usually on monthly base, you will be presented with income statement which you need to keep for taxation purpose later.
Joe