Taxes

Self Employed? Your Tax Deadline Is Coming

Here are some of the most common questions:

  • Do I need a business number? – You do not need a business number to report business income on a T2125 Form. This form records your business income and expenses as part of your personal return. And you need to pay CPP premiums if you earned more than $3,500.
  • Can I have losses? – You can have losses on your business that can be used to offset other income. If the losses exceed your income from other sources, you have a non-capital loss which can be carried forward to years when you have more income.

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May 20, 2011
General

Why We Hired A Real Estate Agent To Sell Our Home

My husband and I recently sold our home and beforehand we had had a hard time deciding whether or not we should hire a real estate agent.  We knew that we would have to ask for more if we hired an agent, as we would want to recoup the commission costs.

We looked into various options for selling our home privately including using Com-Free and decided that with working full time it just wouldn’t be worth the stress.  We decided to hire a professional to do the work for us and hope for the best.  We knew it would be so much easier even if it would end up costing us more.  Sometimes it’s worth the extra money.

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May 18, 2011
General

Our Grand Adventure – Taking Some Time Off Work

After planning for over a year, my husband and I have begun what he call our “Grand Adventure”.  We have taken the plunge and both quit our day jobs.  We sold our home and gave away the majority of our things.  The rest are being stored with friends and family.  We are free to do what we love, at least for a little while, and when we do go back to the norm again, we trust we will be refreshed and ready to take on new challenges.

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May 16, 2011
General

Become A Freelance Writer And Make Extra Money

If you want to make some extra money, and you enjoy writing, you may want to consider signing up to do some freelance writing.  You can write about what interests you and someone will pay you for it.  Not a bad deal!

A lot of people write as a hobby but they never take it a step further and actually write to make extra money.  If this sounds appealing to you, I recommend that you check out suite101.com.  You can benefit from having the flexibility to write when you want, and about whatever you want.  You will also be able to share your thoughts with others so they can benefit from them, too!

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May 13, 2011
Household

How To Sell Your Home Privately

Selling your home is a big deal.  You want to ensure that you get the most you can for your home.  When my husband and I recently sold our home, we chose to sell using a real estate agent.  However, not everyone feels it is necessary to hire an agent.

If you plan on selling your home on your own, I would recommend that you do some research before putting your house up for sale.  Before we had decided firmly on hiring an agent, I was searching online to see what information was available for people wanting to sell privately.  I came across a website that lists the 14 biggest mistakes that homeowners make when they try to sell their homes privately.

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May 11, 2011