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May 10, 2021
Question

I have a registered business so not sure if I should do the self-employed tax or the corporation one?

  • May 10, 2021
  • 1 reply
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1 reply

May 12, 2021

Thank you for your question.

If one owns a business that isn't a corporation, one must pay self-employment taxes based on the net income of his/her business. The income tax liability as well as other taxes of such a business must be paid on the individual's personal tax return.