Sole Proprietor in Canada Q&A - Things to Know If You're Self-Employed

Having been a sole proprietor in Canada (a.k.a. self-employed) full-time for over 4 years now, I've learned quite a bit about how to run a small business. This is why I love to make videos on the topic and answer people's questions. And for this video I am answering some of the top questions I get via Instagram DM, email, and in my YouTube comments about being a sole proprietor in Canada.

Got more questions for me? Ask them in the comments!

Looking for an accountant to help you with your specific business questions and needs? I've got a few linked here (and also a reminder, I'm not an accountant and can't give you specific advice for your business) jessicamoorhouse.com/recommendations

CHAPTERS
00:00 Introduction
03:05 Is EI worth it if you're self-employed?
05:08 How do I pay CPP with my taxes?
06:20 Should I register my business?
08:22 How much do I have to make before I have to report it to the CRA?
09:11 How do I get health insurance if I'm self-employed?
10:45 Do I need a special bank account for my sole proprietorship?

RESOURCES
EI Benefits If You're Self-Employed www.canada.ca/en/services/benefits/ei/ei-self-empl…
Self-Employed Taxes in Canada: How Much to Set Aside for CPP, EI & Income Tax jessicamoorhouse.com/self-employed-taxes-in-canada…
Sales Tax in Canada (HST, GST, PST) When You’re Self-Employed jessicamoorhouse.com/sales-tax-in-canada-hst-gst-p…
GST, HST, PST - Sales Tax for Small Business in Canada Explained    • GST, HST, PST - Sales Tax for Small Busine...  
Profit First Book Recommendation amzn.to/3iGmdTY

🔗 AFFILIATE LINKS
Borrowell jessicamoorhouse.com/borrowell-aff
Wealthsimple Trade jessicamoorhouse.com/wealthsimpletrade-aff
Questrade jessicamoorhouse.com/questrade-aff
1Password jessicamoorhouse.com/1password-aff
Willful jessicamoorhouse.com/willful-aff
Ownr jessicamoorhouse.com/ownr-aff
Rakuten jessicamoorhouse.com/rakuten-aff

📚GET COPY OF MY BOOK "EVERYTHING BUT MONEY"
jessicamoorhouse.com/book

📈 WEALTH BUILDING BLUEPRINT FOR CANADIANS COURSE
Learn more about my investing course jessicamoorhouse.com/course

💻 BUDGET SPREADSHEETS
Download one of my budget spreadsheets to get your financial life together jessicamoorhouse.com/shop

📹 MY CAMERA/STUDIO EQUIPMENT
Camera tinyurl.com/4u2x8ajx
Lens www.sigmaphoto.com/35mm-f1-4-dg-hsm-a
Mic amzn.to/3MWCmlN
Colour background lights amzn.to/3MdYEiU
Key light amzn.to/3ySPqVW
Side lights amzn.to/4fKEsTf
Backlight amzn.to/3XGkW1I

MORE ABOUT ME
🙋‍♀️ ABOUT ME jessicamoorhouse.com/about
📚 BOOK jessicamoorhouse.com/book
🎙 PODCAST jessicamoorhouse.com/podcast
✉️ NEWSLETTER jessicamoorhouse.com/subscribe
📸 INSTAGRAM www.instagram.com/jessicaimoorhouse

DISCLAIMER & DISCLOSURE
The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: jessicamoorhouse.com/disclaimer/