Business / Self-Employment
If you earn business or self-employment income — as a sole proprietor, consultant, contractor, or through a corporation — your tax situation is materially different from a salaried employee. This section covers the structures and rules you need to know.
This hub indexes the business-side of personal finance: how Canadian business income is taxed, the difference between sole proprietorship and incorporation, what expenses you can deduct, and where the rules differ from employment income. Detailed pages for each topic are linked below.
Topics in this section
- Starting a business — sole proprietorship vs. partnership vs. corporation, business numbers, GST/HST registration
- Business income and expenses — what counts as business income, deductible expenses, capital cost allowance
- Automobile expenses — mileage tracking, allowable rates, taxable employer benefits
- Incorporation — when it makes sense, small-business deduction, integration
- Corporate tax rates — federal and provincial corporate rates by income type
- Corporate tax forms — T2, GIFI, common schedules
These pages cover the rules in plain language; for filing your business return itself, refer to the CRA’s small-business resources.
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