About AndrewBarker
Rank 190085
22 followers Joined September 2018
Hello, I am the Father of two wonderful daughters, and Husband to an awesome wife. We live in a small town in Nova Scotia, Canada where

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asked in
Getting Started
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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

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

How to record and keep track of your income for tax time?

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

Login
Create Your Free Wealthy Affiliate Account Today!
icon
4-Steps to Success Class
icon
One Profit Ready Website
icon
Market Research & Analysis Tools
icon
Millionaire Mentorship
icon
Core “Business Start Up” Training