WHY You SHOULD START a BUSINESS in CANADA | Tax Benefits of Self-Employed | Canadian Business Guide

WHY SHOULD I START My OWN BUSINESS in CANADA? What are the BENEFITS of Business Income? How Can I SAVE TAXES Being Self-Employed? How Can I Build Wealth and Reach Financial Freedom? Should I Open a Corporation or a Sole-Proprietorship?

I will be breaking down WHY You SHOULD Start YOUR OWN Business in Canada! Whether you just want to run a Side-Business, be fully Self-Employed or even open a Corporation, I’ll go over all of the benefits of running a Canadian Business. I’ll be focusing on the Tax Benefits and Income advantages of running a business but I’ll also talk about the non-monetary aspects. I’ll show you that anyone can start a business but I will also point out some issues that all entrepreneurs should be aware of! This will be the first video in my Canadian Business Guide so stay tuned for more!

CANADIAN TAX GUIDE: 🇨🇦
Watch my videos to learn the basics of Canadian Taxes and Tax-Sheltered Accounts like the TFSA, RRSP and RESP
https://www.youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj

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SKIP AHEAD ⏩
-Intro: 0:00
-ANYONE Can Start a Business: 0:23
-Regular Employment Income: 1:21
-Trading Time for Money: 1:51
-Ownership & Equity: 4:03
-Tax Efficiency: 5:37
-Business Expenses: 6:47
-Pre-Tax Income: 9:16
-Control Timing: 10:31
-Family Income Splitting: 11:37
-Incorporating: 12:48
-Issues & Warnings: 15:35
-Not Profitable? 17:00
-Conflict of Interest: 18:12
-SUMMARY: 19:10

WATCH NEXT ▶️
-How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8
-TFSA Explained Investing Tax Free - https://youtu.be/i_bWf1NyUbE
-RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE
-Canadian Tax Savings Tips - https://youtu.be/xLXup5L-S2Q
-4 Steps to Become Wealthy - https://youtu.be/mwfdlM7z9YY
-How to Open Questrade Account - https://youtu.be/uoOBRUY8IXQ
-How to Buy Stocks on Questrade - https://youtu.be/_V2yBWwOZX4
-Best Canadian Stocks During Crash - https://youtu.be/-isa56QZNQc
-What is a DRIP? Compounding Dividends - https://youtu.be/ouyXwaTOfhU
-Best Canadian Dividend ETFs - https://youtu.be/hXrN5EVCp8Y
-Norbert’s Gambit - Exchange Currency for Free - https://youtu.be/q6Q1dzK8vts

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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decisions!
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#CanadianBusiness #EntrepreneurCanada #StartingBusiness #CanadianTaxes
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