Guidance on running a freelance business in Ontario, Canada

Post date: 2024-11-08 02:20:08
Views: 7
I'm stepping away from my current role and for a period of time, maybe a long time, will be trying to structure a life around freelance work. Lots of questions: how much should I set aside for taxes? What are the laws on deductions? Do I need fancy-assed Business Software, or can I just make things work with spreadsheets and diligence? Can you recommend a book, website, or other resource that has an A-Z for setting up as a freelancer in Ontario?

This is a "services for money" situation. I have a strong network of connections so while some hustle is required, this is more about how to figure out taxation, deductibles, billing -- the "meat and potatoes" business, not the "how to market your business and get clients" end.
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