Sole Proprietor in Canada Q&A - Things to Know If You're Self-Employed

Video Description

Having been a sole proprietor in Canada (a.k.a. self-employed) full-time for over 4 years now, I've learned quite a bit about how to run a small business. This is why I love to make videos on the topic and answer people's questions. And for this video I am answering some of the top questions I get via Instagram DM, email, and in my YouTube comments about being a sole proprietor in Canada. Got more questions for me? Ask them in the comments! Looking for an accountant to help you with your specific business questions and needs? I've got a few linked here (and also a reminder, I'm not an accountant and can't give you specific advice for your business) https://jessicamoorhouse.com/recommendations CHAPTERS 00:00 Introduction 03:05 Is EI worth it if you're self-employed? 05:08 How do I pay CPP with my taxes? 06:20 Should I register my business? 08:22 How much do I have to make before I have to report it to the CRA? 09:11 How do I get health insurance if I'm self-employed? 10:45 Do I need a special bank account for my sole proprietorship? RESOURCES EI Benefits If You're Self-Employed https://www.canada.ca/en/services/benefits/ei/ei-self-employed-workers.html Self-Employed Taxes in Canada: How Much to Set Aside for CPP, EI & Income Tax https://jessicamoorhouse.com/self-employed-taxes-in-canada/ Sales Tax in Canada (HST, GST, PST) When You’re Self-Employed https://jessicamoorhouse.com/sales-tax-in-canada-hst-gst-pst-self-employed/ GST, HST, PST - Sales Tax for Small Business in Canada Explained https://www.youtube.com/watch?v=6WVle5QlFrM Profit First Book Recommendation https://amzn.to/3iGmdTY 🔗 AFFILIATE LINKS Borrowell https://jessicamoorhouse.com/borrowell-aff Wealthsimple Trade https://jessicamoorhouse.com/wealthsimpletrade-aff Questrade https://jessicamoorhouse.com/questrade-aff 1Password https://jessicamoorhouse.com/1password-aff Willful https://jessicamoorhouse.com/willful-aff Ownr https://jessicamoorhouse.com/ownr-aff Rakuten https://jessicamoorhouse.com/rakuten-aff 📚GET COPY OF MY BOOK "EVERYTHING BUT MONEY" https://jessicamoorhouse.com/book 📈 WEALTH BUILDING BLUEPRINT FOR CANADIANS COURSE Learn more about my investing course https://jessicamoorhouse.com/course 💻 BUDGET SPREADSHEETS Download one of my budget spreadsheets to get your financial life together https://jessicamoorhouse.com/shop 📹 MY CAMERA/STUDIO EQUIPMENT Camera https://tinyurl.com/4u2x8ajx Lens https://www.sigmaphoto.com/35mm-f1-4-dg-hsm-a Mic https://amzn.to/3MWCmlN Colour background lights https://amzn.to/3MdYEiU Key light https://amzn.to/3ySPqVW Side lights https://amzn.to/4fKEsTf Backlight https://amzn.to/3XGkW1I MORE ABOUT ME 🙋‍♀️ ABOUT ME https://jessicamoorhouse.com/about 📚 BOOK https://jessicamoorhouse.com/book 🎙 PODCAST https://jessicamoorhouse.com/podcast ✉️ NEWSLETTER https://jessicamoorhouse.com/subscribe 📸 INSTAGRAM https://www.instagram.com/jessicaimoorhouse DISCLAIMER & DISCLOSURE The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/