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.

Market Research

Tony’s Take: Getting mutual funds out of the closet

The Canadian stock market is relatively small by international standards and is dominated by a few large corporations. Indeed, the top 10 companies by market capitalization in the TSX Composite Index reads like a who’s who of corporate Canada, including four of the big five banks, Canadian National Railway, Enbridge, Suncor Energy and BCE.

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.

Featured Contributors

  • Susan Daley

    CFA, CFP, Portfolio Manager
  • Anthony Layton

    MBA, CIM®, Chairman of the Board, Portfolio Manager
  • Peter Guay

    MBA, CFA, Portfolio Manager
  • Nancy Graham

    CPA, CA, CFP®, CIM, TEP, Portfolio Manager
  • Raymond Kerzérho

    CFA, Director of Research
  • Benjamin Felix

    MBA, CFA, CFP, Portfolio Manager
  • Peter Forsyth

    Emeritus Professor
  • Graham Westmacott

    CFA, Portfolio Manager
  • Justin Bender

    CFA, CFP, B.Comm., Portfolio Manager
  • Dan Bortolotti

    CFP, CIM®, Portfolio Manager
  • Kristine van der Pas-Norenius

    Certified Retirement Transition Coach and happy PWL client
  • PWL Capital

  • Jennifer Vachon

    CCO, Chief Compliance Officer
  • Dan Solin

    The New York Times' best-selling author of the Smartest series of books
  • Mark Sutcliffe

    Writer, Broadcaster, PWL client and advocate
  • James Parkyn

    Adm. A. CIM, FCSI, F.Pl, Portfolio Manager
  • François Doyon La Rochelle

    B.B.A., CFA, Portfolio Manager
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