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! HOW to Start / Register a Business: 🇨🇦 /watch/4CWRzAALJrWLR CANADIAN TAX GUIDE: 🇨🇦 Watch my videos to learn the basics of Canadian Taxes and Tax-Sheltered Accounts like the TFSA, RRSP and RESP /playlist/PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj QUICKBOOKS ONLINE - Manage Your Business 🇨🇦 Sign up with QuickBooks Online, the tool that I use to manage my business! I use it for bookkeeping, tracking revenue and expenses and to handle payroll 👇 https://www.jdoqocy.com/click-9191966-14439155 QUESTRADE REFERRAL 🇨🇦 If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days! That’s 10 free trades without any commission, $50 in savings! 👇 https://questrade.sjv.io/CANADIANTSHIRT Best SAVINGS ACCOUNT in 2024 - EQ BANK 🏦 Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers 2.5% interest with no monthly fees and no minimum balance! Use my referral link below to sign up 👇 https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.5&type=3&subid=0 BLOSSOM SOCIAL 🌸🇨🇦 Follow me on Blossom to see my Portfolio & Trades for FREE 👇 https://blossomsocialapp.page.link/canadiantshirt LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content! 👇 /c/CanadianinaTShirt/join Thank you guys for supporting my channel, you’re the best! 🙏 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 - /watch/8Yx2vkBKhSGK2 -RRSP Explained Part 1 - /watch/EdSBMngNMKbNB -Canadian Tax Savings Tips - /watch/Q2S-L5puXLxu- -4 Steps to Become Wealthy - /watch/YY9z7Mldfwmdz -How to Open Questrade Account - /watch/QXI8YURBOouB8 -How to Buy Stocks on Questrade - /watch/4XZOwWBy2V_yO -Best Canadian Stocks During Crash - /watch/cQNZQ65asi-aZ -What is a DRIP? Compounding Dividends - /watch/UhfOTawXyuoXO Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =) FOLLOW ME HERE 👋 FACEBOOK: https://www.facebook.com/CanadianTShirt INSTAGRAM: https://www.instagram.com/canadiantshirt TWITTER: https://twitter.com/CanadianShirt FINANCIAL EDUCATION BOOKS 📚 -Wealthy Barber Returns - https://amzn.to/2MJ9cIe -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Millionaire Next Door - https://amzn.to/35ap253 -Intelligent Investor - https://amzn.to/3qoI5nV CAMERA GEAR 📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -LED Ring Light - https://amzn.to/2MKLDyC -Microphone - https://amzn.to/3aRdXMN 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! I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me. DISCLAIMER: Links included in this description may contain affiliate links. I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #CanadianBusiness #EntrepreneurCanada #StartingBusiness #CanadianTaxes #CanadianBusinessGuide #CanadianFinance #FinancialFreedom

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