One major advantage of being self-employed

Want to know another major benefit for being self-employed? If you are self-employed, you don't have an employer withholding federal income tax, provincial income tax, CPP, and EI from your pay-cheques. Instead, you keep all the money that you make from sales and once the tax year is completed, you file your taxes. Any amounts owing for income taxes or CPP are then to be paid. Rather than the government holding your money without paying you interest, being self-employed often creates the opposite conditions where you hold money owed to them without having to pay them interest. Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #businessmanagement #businessstartup