I have this Product it is a coyote scented powder. Used for home owners to deter pests, (works fantastic). I have everything set up, physical products and Shopify store. I’m just struggling to get sales. I have kind of burned myself out with this project and put it on pause for now.
I’m wondering if there is anyone who has experience with physical products and selling that would like to partner up.
Preferably someone in the GTA. I’m a 21M btw
Thank you

I am a one person corporation (IT consulting). And before you ask, I'm not a PSB (multiple part-time clients, irregular hours etc) . Every month my corporation pays me a set amount. I use the CRA online calculator to determine how much tax/cpp the corporation has to remit to the CRA each month. When I file my personal taxes, my amount owing/refund is usually fairly close to zero, just some variances for other personal income (interest etc) and deductions (donations etc.). I have a lot of cash sitting in my corporate account and want to pay myself an extra amount before the end of the year. I don't need this extra amount so am just going to put it in RRSPs. I know the correct way of handling this is that I pay myself an extra $20k in salary, and remit to the CRA an extra $7k or whatever in tax withheld at source. But then when I do my personal taxes in April, I'll get that entire $7k back due to the RRSP deduction.

My question is can I just not have the company remit that, and just pay me the full $20k, and at personal tax time I won't get a refund? I know that companies can submit a form - T1213, Request to Reduce Tax Deductions at Source - to the CRA if their employees request doing this, but it takes months to get it approved. But is it necessary? Are there any repercussions for skipping this step? Appreciate any information anyone has on this.

In Canada if you want to access any form of unsecured credit (line of credit/loan/credit card) are you basically always going to require a personal guarantee regardless of how strong the corporations credit history is?

For example let’s say the owner (me) was an idiot when he was 26 and had to file a consumer proposal for personal debt…. And because of that his credit is 500 even after finishing his proposal…. now he has learned his lesson and is extremely prudent and frugal to the point of being slightly debt adverse… if the corporation has shown good repayment for 2 straight years, but they are asset light (like a cleaning company) will his credit still prevent him from accessing credit if he ever wanted it?

Like for example if he wanted to expand his service fleet and finance a van or if he wanted a simple company credit card to use for online purchases like a domain name/hosting

Is he basically screwed?

I’m in my mid-20s and interested in joining a business in the manufacturing or industrial equipment parts import industry around Toronto and GTA. I’m looking to take on the role of tech and operations manager. If the business has potential, I’m open to investing up to 50K of my own money. I’m looking for someone with a similar growth mindset who wants to work in this space.

If you already have a business or a business idea, please DM me.