Personal Wealth

Handling Money (and Taxes) with a Side Hustle or Self-Employment

If work for yourself or have a side hustle on top of your regular job, there are extra complications when it comes to calculating and saving for taxes. You might worry if you’ve planned things out properly or if you’ll be hit with a big unexpected tax bill. In this post, I outline how to handle taxes as a self-employed individual or side hustler and tips for managing your money.

Personal Wealth

Payroll Taxes and Taxable Benefits

Many of you have been in the situation where you were quoted a salary or hourly rate, were excited to get your first paycheque and disappointed when you don’t receive as much as you expected. You’ll have to thank taxes, CPP contributions, EI premiums, and benefits for that. I’ll go into more detail about how each of these deductions work.

Personal Wealth
Family Father Looking Bills Mother Holding Children

How to Calculate Your Life Insurance Needs

Life Insurance is a key part of many families’ risk strategy. A key question is how much do you need? The key to determining the amount of life insurance that’s necessary is to understand what happens financially if you or your spouse dies. The goal is to have your loved ones be able to sustain their standard of living without having to make big sacrifices.