Dana Lacey, Financial Post Business · Nov. 6, 2007
The pressures of being self-employed while raising two children is getting to the Youngs. How can they ensure their family has enough money for the future?
WHAT THE EXPERTS SAY
The Youngs’ anxieties about their future are well-founded, according to Jason Heath, CFP, a consultant for E.E.S. Financial Services. In fact, the couple might even be facing another nasty tax surprise in the near future. “Working from home doesn’t necessarily mean the Canada Revenue Agency (CRA) will consider Ashleigh self-employed,” Heath warns. “She’s paying into a benefits plan, which is typically the sort of thing an employee would do.” Being labelled an employee could impact what she is able to claim as business expenses and force her to pay for Employment. read more