The $30K Cliff: Why 6 in 10 Solopreneurs Miss GST Registration
Most solo founders cross the $30K GST/HST threshold without realizing it. Here is how the retroactive tax bill works — and how to build the line item in before you owe.
Most solo founders cross the $30K GST/HST threshold without realizing it. Here is how the retroactive tax bill works — and how to build the line item in before you owe.
The average Canadian sole proprietor under-claims $3,200–$8,500 per year. Here are the seven most-missed T2125 deductions and the documentation CRA will ask for.
Incorporated solo founders with one client face a 90%+ CRA audit flag. The PSB rule strips your small business deduction and disallows most expenses.
Revenue Per Engagement Hour replaces hourly billing with a metric measuring actual session value. Here is how to move from $250 to $1,200+ per session.
Year-2 quarterly instalment notices catch 70% of growing solo founders off guard. Profit First directly fixes the timing mismatch between revenue and CRA payment dates.
The Solo Strategy Canvas is a structured diagnostic for one-person businesses. Seven fields, one bottleneck, one written action plan per session. Here is how it works.
Self-employed CPP requires both employer and employee portions — 11.9% on earnings up to $68,500. Most solo founders discover this shortfall at filing time.
Salary versus dividends for the incorporated solo founder. RRSP room, CPP costs, and the hybrid model that saves most solopreneurs $3,000–$5,000 per year.
Canada's Anti-Spam Legislation carries penalties up to $10M per violation for individuals. Here is what solo founders need for consent, sender ID, and unsubscribe compliance.
Provincial business registration costs $40–$60 in most provinces. Skipping it means unenforceable contracts and CRA documentation gaps.
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