Can I pay myself a salary? No. Unless you are incorporated, you are required to report all the income you earned from your business during the calendar year. You can not carry forward income to future years.Thinkstock
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
How does your paycheque stack up?
Maclean's created these interactive tools to show how wages in various jobs have changed over time. You can also compare hourly wages today in a wide variety of jobs.
Help for the homebuyer
Sell a house using a real estate agent? For sure, says this blogger. Agents do a lot of good work for sellers, but it's a different story if you're in the market to buy a home.
Five rookie home buying blunders.
If you buy a home with less than a 20 per cent down payment, you have to pay for mortgage default insurance. Here, the Canadian Mortgage Trends blog explores one man's call for cheaper premiums costs on this insurance.
More money
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Rob Carrick