Curious to know how the Canadian tax system applies to OnlyFans (OF)? Generally, you are responsible for paying your portion of income tax if you have joined OnlyFans as a performer and have begun earning money. Whether making $10 or $100,000 on the site, you
Article Key Takeaways Corporation automobiles are often used for different purposes, varying on the income and taxable benefits between personal use or business use Taxable benefits are found on T4 slips and deducted from payroll Charges and costs depend on the employer’s method of financing
Self-Employed Taxes In Ontario When you are deemed self-employed as either part of a partnership or as a sole proprietor, you need to record the company’s income/expenses relative to how much you own of the company as a part of your tax return for your
Key takeaways: Filing taxes as a self-employed individual is different than as an employee Businesses that are sole proprietorships or unincorporated partnerships can be categorized as self-employed Self-employed businesses have specific tax forms to complete and file in Ontario depending on their business activities Work
Key Takeaways: Canada Pension Plan contributions are required for all employees in Canada and employers must match employee contributions Employment Insurance can be paid by employees but is not mandatory for self-employed business owners Self-employed business owners have to pay both the employer and employee
