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Old 07.02.2012, 04:31
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Expenses worksheet for sole proprietor (AVS + ?..)

I am fairly sure this has been answered elsewhere, yet I failed to find a cons ice answer.

If I understand correctly, the only mandatory contribution for a sole proprietor is AVS, all other expenses being at the discretion of business decisions.

How about basic health insurance? I have read this is compulsory. Must I also add this to my expenses worksheet for the year?

Any other hidden month-to-months cost that comes to mind? (excepted taxes, which are not considered here)
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Old 07.02.2012, 07:22
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Re: Expenses worksheet for sole proprietor (AVS + ?..)

Basic health insurance can not be added to expenses.
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Old 07.02.2012, 09:10
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Re: Expenses worksheet for sole proprietor (AVS + ?..)

Hi, thanks for answering - let me rephrase:

Do I have to also pay for basic health cover, in addition to paying AVS?
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Old 07.02.2012, 14:38
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Re: Expenses worksheet for sole proprietor (AVS + ?..)

Yes Karen, you'll also need accident cover.
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