Post #107 — PayBook
Rate this image
- Brand
- PayBook
- Platform
- Status
- Posted
- Pillar
- educational
- Scheduled
- May 8, 2026 8:38am PDT
- Posted
- May 8, 2026 8:40am PDT
- Created
- May 8, 2026 8:32am PDT
Caption
🔍 Canadian Business Owners: Set aside 25-30% of EVERY payment immediately. Here's why this matters: The CRA expects quarterly tax installments if you owed more than $3,000 in taxes last year. Most solo business owners get hit with a surprise tax bill because they spend client payments as they come in. Simple fix: Open a separate "tax savings" account. Every time a payment hits your business account, transfer 25-30% immediately. This covers: • Income tax • CPP contributions • HST/GST (if registered) Pro tip: Treat this money like it's already gone. It's not your spending money – it's the government's. Your future self will thank you when tax season arrives and you're not scrambling for cash. What percentage do you currently set aside for taxes?
#CanadianBusiness #SmallBusinessTips #CashFlow #TaxTips #CRA #BusinessFinance #SoloPreneur #Bookkeeping #PayBook
Rate this caption
Image Prompt
Generate a facebook post image for: 🔍 Canadian Business Owners: Set aside 25-30% of EVERY payment immediately. Here's why this matters: The CRA expects quarterly tax installments if you owed more than $3,000 in taxes last year. Most solo business owners get hit with a surprise tax bill because they spend client payments as they come in. Simple fix: Open a separate "tax savings" account. Every time a payment hits your business account, transfer 25-30% immediately. This covers: • Income tax • CPP contributions • HST/GST (if registered) Pro tip: Treat this money like it's already gone. It's not your spending money – it's the government's. Your future self will thank you when tax season arrives and you're not scrambling for cash. What percentage do you currently set aside for taxes?