Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Should I file taxes or Incorperate a personal project?
Normally, incorporation is for liability reasons.  Just file your taxes as a business.  This just means adding a T2125 to your personal return.  There's no registering, that's for GST if over a certain threshold. There's even a section in the instructions for internet businesses. http://www.cra-arc.gc.ca/E/pub/tg/t4002/t4002-e.html#internet_business_activities This is the form you have to fill out.  Take note that there is a place to include costs from using your own home as well.  Those specific expenses can't be used to create or increase a loss from your business, but a regular business loss can be deducted from your employment income. http://www.cra-arc.gc.ca/E/pbg/tf/t2125/t2125-15e.pdf