income
Business

Viewing Restaurant Tips As Gratitude or Essential Income

There was this video posted online recently that got a lot of attention where a person posted their pay-stub of how much they made in a restaurant after all the expenses were taken out. From the video it would appear the person worked a little over 70 hours at a rate $2.13. That actually made […]

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Financial Management

Feeling Sorry For Low Income Self Employed CERB Paybacks or Not

During all this pandemic, here in Canada there was that CERB program in which Canadians could get $2000 a month as long as their job or self-employment income has been effected by all the COVID-19 shutdowns. As well, candidates must have made at least $5000 in the previous year in order to qualify for the […]

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Financial Management

Canada Emergency Response Benefit

Today I saw a lot of advertisement for the Canada Emergency Response Benefit where people can soon start applying for funding due to a loss of work as a direct result of the COVID 19 pandemic. Because they are expecting a huge surge of applicants it’s actually interesting to see that they are requesting people […]

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Financial Management

Planning Income Deductions Ahead of Time

For a lot of people who are self-employed this often means that you have to prepare and deduct your own taxes by the end of the year. This is as opposed to people like your employer automatically deducting your pay where afterwards people often try and see if they can get a refund through some […]

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Business

Just Relying On One Sale For The Whole Month

Generally speaking, for most companies that sell some kind of service it’s common to see that in the beginning stages people often price their services either the same or lower than its competitors to attract business. As one gets busier they often take less clients but charge more for their services. So it was interesting […]

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Financial Management

Getting Last Year’s Work Income This Year

This week I actually noticed that for some work I did in 2018 the company’s actually finally paid now which means the income goes into my 2019 budget. It always makes me wonder how I should treat this because technically it means I am ahead financially for the year if you are one of those […]

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