Top 5 Tax Tips for Self-employed
Top 5 Tax Tips for Self-employed
1. Get a good help- whether this is an accountant or somebody familiar with the subject.
2. Set up an RRSP – the allowance you contribute is tax free
3. Deduct child care costs and medical expenses -
4. Office expense – if you have separate office or you are using part of your house deduct this percentage off your monthly payments.
5. Keep good records – save all your receipts and use some simple software to keep track of your credits and debits
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