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  1. K

    Can't pay the C.R.A, how f*cked am I?

    @kingtravel OK, so incorporating definitely made sense with how much you could make. I don't think 85K is quite at the break even, but obviously you were expecting to make more. So that makes sense. If you keep the corp running it'll have to pay GST more frequently (after they get the first...
  2. K

    Can't pay the C.R.A, how f*cked am I?

    @kingtravel Talk to them. If you don't it's more likely they will freeze your accounts. Seriously. Happened to a friend. You need to file your corporate and personal taxes. You need an accountant to do your corporate financial statements. They'll be able to advise on the most tax efficient way...
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