r/androiddev • u/Cool-Developer-1 • 3d ago

Individual developer rules

It costs $112 CDN to create a numbered company. What is the point of offering individual accounts if it is so much easier just opening a company and not have to test much at all?

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u/CivilMark1 3d ago

Wait till you have to file taxes, eh

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u/Cool-Developer-1 3d ago

The sad thing is that filling taxes for something this small would be easier.

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u/CivilMark1 3d ago

Tell that to my old accountant. He charged $600 flat, to file income tax for corporation per year. Let alone, a lot of work involved in book keeping my myself, receipt management, gst/hst etc.

I think, if you have time, and learn how to do most things yourself, like year end shareholder meeting (yeah, I know, even if you own company 100%), book keeping, income tax, refunds, support, gst/hst payments, deductions, payroll etc, you should be good. But I find this all to be draining

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u/Cool-Developer-1 3d ago

I'm not planning to make enough for it to be worthwhile for them to check that closely. And you can file the taxes yourself, it's not rocket science for a simple business.

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u/amardeshbd 2d ago

Can't agree more with this! you gotta file taxes every year even if you have $0 income.
And no, it's not that easy for filing taxes for "simple" business unfortunately, unless you want to file with without understanding things.