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What taxes do self-employed individuals pay in Canada?

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(@wong_kevin)
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[#151]

 
Posted : 18/02/2025 10:45 am
(@brown-caleb9602)
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If you’re self-employed, you must report your income on your personal tax return and pay Canada Pension Plan (CPP) contributions. Unlike employees, you don’t have automatic tax deductions, so it's a good idea to set aside a portion of your earnings for taxes. If your annual revenue exceeds $30,000, you must register for GST/HST and charge it on sales.


 
Posted : 18/02/2025 10:45 am
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