Jul
15

Self-financing solution for immigrants to Quebec, Canada

Self-financing solution for immigrants to Quebec, CanadaThere are four main programs available to people wishing to immigrate to Quebec, Canada: Investor, Entrepreneur, Self-Employed, and Skilled Worker. Each program has a varying degree of time and financial investments involved.

If you are considering immigrating to the province of Quebec, in Canada, you will have to choose one category and be eligible for acceptance, following the criteria determined by the government.

But once that goal has been achieved, one of the most helpful things is the ability to accumulate a financial reserve in Quebec, in order to limit the depletion of the reserve you are required to bring with you when establishing in the province.

We will explore why self-financing is the best solution and how to accomplish it in the most efficient manner, financially and time-wise.

Apr
08

Income Tax Deductions

PrintDid you know that, through income tax deductions, you will receive guaranteed passive income simply by owning a home-based business?

The Tax Laws require that you operate your home-based business with a reasonable expectation of generating profits. But the Tax Authorities will allow you a few years to attain that result. Meanwhile, many of the expenses you already have can be deducted from your taxable income, thus decreasing the amount you owe the Government on April 30th (or increasing your tax return, as the case may be).

Here are several common deductions almost anyone can claim, and how to calculate if it is worth the investment of starting a home-based business.


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