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Originally Posted by spit.fire
Lol care to share the formulas haha, haven’t found an accountant to date yet
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Sign up for the 90-day promo. Then plug in some numbers. It does CPP and all that, which being self employed, you don't pay into. So essentially all you have to do is figure out your tax bracket for provincial and federal taxes and deduct that. I simply plugged in numbers like $500, 1000, 1500, 2000, 2500, and so on. If you only paying yourself then as long as you're close and you put those taxes aside, you're good to go. If you're paying employees, it's probably worth the $600/yr for payroll, or pay a book keeper to do your books for you.