business tax deductions canada

Information About Canadian Home Based Internet Businesses

If you live in the Canada area you can easily find some really nice work at home ops. These opportunities are home based businesses, franchises, freelance jobs and much more. I’m also going to include some information about Canadian tax laws as well. When you start working at home there are two really big things you should be concerned about and be ready to take care of. The first thing is taxes.

Thankfully if you do things right you can have a lot of write offs so at the end of tax time you can pay less on those items you bought for your business. Also, make sure you actually pay your taxes! I know this sounds like a dumb thing to bring up but you would be surprised how many people think that just because they work at home, they can stop paying taxes! No, it doesn’t work like this! The second thing you want to look into is different zoning laws about your house.

Since your home will be a large part of your home business, you want to make sure you follow any and all zoning laws. You wouldn’t want to make the mistake of setting up a home business at home, only to find that zoning laws prohibit you from converting your home into a business area!

Now on to the businesses. Here are a few franchises as well as other businesses like network marketing business you can look into. You can also look for sites that have “Canadian Home Based Internet Businesses” online:

Franchises:
Home Doctors Handyman Service – Investment Level $30k
Home Inspection Service – Investment Level $30k
Health Career Agents – Investment Level $30k
Interiors by Decorating Den – Investment Level $40k
Snap On Tools – Investment Level $39,334 – $52,000
Floor Coverings International $70k

Network Marketing:
USANA Health Sciences
MonaVie
The Davis Consulting Group
Amway
Gourmet Coffee Club

Websites to visit:
Yahoo Canada Directory – Business_and_Economy/Business_to_Business/Business_Opportunities/Network_Marketing/
TheNetworkMarketing Magazine
PowerHomeBiz
About: Small Businesses in Canada (tax information)
About: Small Businesses in Canada 6 Home Based Business Tax Deductions You Don’t Want To Miss

You can also search for books on places like Amazon and Ebay, as well as free e-books online. All of this information should get you a little closer to having the home business you want, as well as having some really good information about how to run your business, do’s and don’ts, laws, tax info, etc.

Have fun finding the perfect business! It’s going to take a little patience and determination but, I’m almost positive once you get through the “rough” stuff you will really enjoy this and be happy that you chose to work from your own home office. In my experience it has been one of the BEST choices I have made in life thus far!

About the Author

This author is a huge fan of Canadian Home Based Internet Business

What do I need to do for taxes if I’m a webcam girl?

I really need some help with webcamming and doing taxes since most sites don’t do deductions on your pay cheque. I’ve read a couple different sites about being a webcam girl. One said that I need to get a small business license to do my taxes. Is that true? I’m not sure what I may need to claim or how to figure out my own deductions. Also I live in Alta, Canada.

If you have income, you pay income taxes on it. In the USA it’s called “self-employment tax”. Whether you have a license is unrelated to the tax issue.

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