canada small business tax deductions
canada small business tax deductions
What do I need to do for taxes if I'm a webcam girl?
I really need some help with webcamming and doing taxes since most sites don't do deductions on your pay cheque. I've read a couple different sites about being a webcam girl. One said that I need to get a small business license to do my taxes. Is that true? I'm not sure what I may need to claim or how to figure out my own deductions. Also I live in Alta, Canada.
If you have income, you pay income taxes on it. In the USA it's called "self-employment tax". Whether you have a license is unrelated to the tax issue.
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Fully revised and updated, this guide is aimed at all businesses, independent professionals and contractors, freelancers, and home and Internet businesses. The hundreds of tax breaks listed are not loopholes or questionable areas of the law, but legitimate business deductions that accountants forget to ask their clients about or that the IRS chooses not to mention on its tax forms. |
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