Hey guys,
Many of you (or the guys I know) on this forum have created their own blog to help educate others on finances - Thank You.
I'm trying to grasp what differences there are by owning a 'real' business from an online blog and if it's worth it. Do you receive all the same tax benefits as do other business owners? Are there any stipulations to owning an online blog business, i.e, must make a certain amount of revenue earned per year to avoid CRA penalties? What advice can you provide to others who wish to create their own?
Thanks!
Many of you (or the guys I know) on this forum have created their own blog to help educate others on finances - Thank You.
I'm trying to grasp what differences there are by owning a 'real' business from an online blog and if it's worth it. Do you receive all the same tax benefits as do other business owners? Are there any stipulations to owning an online blog business, i.e, must make a certain amount of revenue earned per year to avoid CRA penalties? What advice can you provide to others who wish to create their own?
Thanks!