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Old 11-02-2006, 10:29 AM
Tsveta Tsveta is offline
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Join Date: Jul 2004
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Default Top 5 Tax Tips for Self-employed

Top 5 Tax Tips for Self-employed

1. Get a good help- whether this is an accountant or somebody familiar with the subject.
2. Set up an RRSP – the allowance you contribute is tax free
3. Deduct child care costs and medical expenses -
4. Office expense – if you have separate office or you are using part of your house deduct this percentage off your monthly payments.
5. Keep good records – save all your receipts and use some simple software to keep track of your credits and debits