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A suggestion for you 2: Unless your organization is Incorporated or an LLC, you don't need search through the expense from opening a business consideration with your bank. Usually Business accounts power a higher monthly fee, charge for printing assessments (cheques) and don't offer any interest on personal monthly account balance. Instead, open a isolate personal bank account (maybe savings). This will show the 'taxman' that you're keeping the business outside of your personal banking. Remember you are this sole proprietor and your whole business income (and losses) are to be directly to your personal income tax submission ( a s per Interest rates and CRA).
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