The world’s largest corporate holder of Bitcoin has been selling—should you be concerned? + MORE Aug 6th
What money values are we passing on to our kids? Sep 2nd
Synthetic identity fraud: The scam where there’s no real victim to find + MORE Sep 16th
Mark Carney wants the world's biggest funds to invest billions in Canada. Will they buy in? - Financial Post + MORE Sep 11th
Divorcing? Here’s what you need to know about property valuation + MORE Sep 18th
Should you incorporate to avoid CPP contributions?
– moneysense.ca
An unincorporated sole proprietor must contribute to the Canada Pension Plan (CPP) when they file their personal tax return. These contributions can be up to $9,292.90 for 2026.
Some taxpayers may not even notice this, but line 42100 on a T1 tax return is CPP Contributions Payable on Self-Employment Income and Other Earnings. Contributions are calculated on Schedule 8 or Form RC381, whichever applies.
Most self-employed individuals must pay CPP contributions, but there may be alternatives. Whether or not it is worth pursuing them is another story.
Opting out of CPP
If you are under age 65, you must contribute to the CPP if you earn a salary or self-employment income. Once you are 65, until age 70, you can elect to stop CPP contributions.
If you are an employee, you must submit Form CPT30, Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Election to your employer(s) and to the Canada Revenue Agency (CRA). You must be receiving a CPP or Québec Pension Plan (QPP) retirement pension and be between ages 65 and 70…
Online “finfluencers” grow up
– moneysense.ca
If you’re someone near or at retirement, has a column like the one you’re now reading ever “finfluenced” any of your financial decisions? Increasingly, many Canadian investors are turning to a new generation of voices online, a trend that regulators are starting to watch more closely.
A finfluencer is simply a financial influencer, a contraction similar to my own “findependence” for financial independence. And while I’m tooting my own horn here, let me disclose that I am myself considered to be a finfluencer, at least here in Canada.
I say that following a Toronto gathering of many of Canada’s top finfluencers organized by BMO ETFs in early June at Cboe Canada. The Creator Insights Forum featured a scrolling highlight reel of leading content creators, including yours truly. The forum brought financial content creators together to acknowledge the growing influence of their voices and the role they play in educating Canadian financial consumers. While regulatory considerations were discussed, the broader emphasis was on helping creators navigate the space responsibly…
