Hobby to Business

Put your skills to work as you add profitability to your favourite pastime. Many of us dream of making our favourite hobby a business, or just making the hobby pay for itself. This course explains the hobby business model and how it is viewed by the tax department, the advantages and disadvantages of staying a hobbyist, and what to set in place if you plan to move from hobbyist to small business owner.

Topics include how to do a break even analysis, how to value your labour, tax deductions, income tax implications, hidden costs, timing of transition, introduction to business structures and more.

If you decide to make the jump, our Starting a Small Business course is the next step. Also remember that sometimes the fun and joy is had by continuing your hobby, secure in the knowledge that you had all the information to make a wise decision.

This course has no current classes. Please join the waiting list.