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Changelog · Self-employed money in Canada

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Every material content update to the self-employed money in canada journey, dated and reviewer-signed. If you bookmarked an earlier version, check here for what's changed since.

Reviewed by Ben Stevenson, Managing Editor, Canadian Money Help Updated April 21, 2026 Methodology
  • Initial publication
  • Four-stage framework: setup, ongoing, growth, exit
  • 6 program deep-dives: sole proprietorship, GST/HST, CPP self-employed, CCPC, EI Special Benefits for self-employed, home office + vehicle deductions
  • 10 ranked landmines with cost estimates
  • 8 hub FAQs covering registration, incorporation, HST threshold, installments, small business tax rate, RRSP, EI eligibility, record retention
  • 22-term glossary: sole prop, partnership, CCPC, SBD, T2125, GST/HST, small supplier, ITC, installments, BN, active business income, dividends, TOSI, home office methods, LCGE, QSBC, EI Special Benefits, YMPE/YAMPE, CCA, bare trust, net self-employment income
  • Decision flow: sole prop or incorporate (routing by income and retention capacity)
  • 3 stacking scenarios across income levels (side-hustle $40K, full-time $120K, incorporated $250K)
  • 10 external citations (CRA multiple, Service Canada, Corporations Canada, Revenu Québec)
  • Master checklist: 40 items across 4 stages