My business is simple and straightforward. I work out of my own home. I am a self-employed Birth Doula, it is like a labour coach. I meet with women throughout their pregnancy, and help them through their labour. I do have other Doulas as backup but my business is strictly my own with no other employees.
I want to do things legit – I want to be able to provide my clients with a receipt, and I want to know what I need to do to be legally working.
I called Service Canada and they were of no help. The girl on the phone said "We can’t tell you what you need to do – that’s up to you. We can only give you the resources." and she asked me if I wanted to register my business name, etc.
The problem is, I don’t KNOW what I need to do. Yes, I do want to register my business name, but what else do I need to know? I want this to be as simple as possible, I don’t need all the bells and whistles, but I do want to be running my business in a professional manner and be doing things correctly regarding taxes and stuff.
Thanks for your help.
There’s not much you need to know. You are a sole proprieter, therefore you file your business with your personal tax return on a calendar basis.
Just keep track of your income and expenses (Quicken does a very good job at this). At the end of the year, talk to a local accountant (nothing fancy) about preparing your tax return. Let him do the first year, and give you any tips. After that you should be able to do it on your own.
If you bill more than $30,000, you will have to start charging GST (or HST depending on the province). You’re not required to register until you bill that much, but you could register beforehand if you want.