Make$ents Bookkeeping Services
670 Wilsey Road #3 E3B 5C6 Fredericton, NB, Canada

Small Business/ Self Employers. You may ask yourself this question, "Do I have to pay CPP?" If your net income from your business is more than $3500, you will have to start paying CPP at double the rate you would if you were an Employee. ... However you can claim a deduction for the additional amount as well as a non-refundable tax credit for the regular contribution. See more

When your self employed, you may be wondering how much money do I need for taxes? As a general rule of thumb, self employed Canadians save 30% of their income for tax. It is always better to have a little more than you actually need, just in case.