Awesome. so in SOLE PROPRIETORSHIP I dont need to register anything but still can claim losses and expenses during tax file.
since All profits go to owner. Any losses can be deducted from other sources of personal income, which lowers the overall taxable income and amount of income tax to be paid from
https://www.newbusinessnow.com/artic...ure-in-canada/
So if I earn 100$ from my Job and somehow endup with loss of 30$ then can claim that loss during tax return. This one is good.
Thank you