All Questions
Tagged with canada self-employment
32
questions
1
vote
1
answer
3k
views
How much in CPP contributions do you pay when you are an independent contractor?
I am trying to figure out how much CPP contributions an IT contractor needs to make as per this CRA guide. It says that for self-employed people, we need to contribute $4959?
So, if an independent ...
- 16k
3
votes
1
answer
110
views
Can I write off (deduct) expenses in a period where my corporation makes no money?
Let us say I have a small corporation in Ontario, Canada and I am an IT contractor through the corporation.
There is a one month gap between contracts, which means I don't earn anything in that time....
- 16k
2
votes
2
answers
94
views
How to choose a year end date for your Ontario small business corporation?
While opening a small business corporation in Ontario, how do you select a proper year end date? Is it a random date ?
Or are there guidelines to it?
- 16k
4
votes
1
answer
5k
views
Candian citizen working for USA company staying in Canada
I am a Canadian citizen. What legalities do I need to follow if I take up a full time remote job offer from a company in USA? Also, how does the answer change if the job offer is in USA (remote) but i ...
- 16k
1
vote
1
answer
124
views
What suggested supplemental income opportunities exist for a 70 year old Canadian retiree?
This is similar to the question "Extra revenue for retiree receiving a basic public pension", but focusing not on whether, but what.
I am wondering what forms of supplemental income (jobs/gigs) would ...
- 497
2
votes
1
answer
442
views
How much should I charge a U.S. company for IT work I'll do remotely from Canada?
I'm currently living in Canada. I have very nice job and I'm happy with it. My previous company in the U.S. contacted me and they want to hire me as a 1099 (independent contractor) working remotely.
...
- 121
0
votes
1
answer
823
views
How do I charge GST & QST for my freelancing?
I'm based in Quebec and intend to offer freelance marketing consulting services. I intend to find clients from online freelancing websites such as Odesk. This means my clients could be from outside of ...
- 1
4
votes
1
answer
2k
views
Do I need to register as self employed in Ontario, Canada?
I am moving from UK, where I am registered as self employed under my own name, to Ontario, Canada. In Canada I will be both employed in a full time job and self employed, making a small amount of ...
- 41
3
votes
3
answers
542
views
Getting financial advice: Accountant vs. Investment Adviser vs. Internet/self-taught?
Previously, I was a simple case: I earned a salary, and I paid taxes. Therefore, I've been filing my own tax returns using online software.
Now: + wife, + kid, + mortgage, + want to contribute to ...
- 319
0
votes
1
answer
2k
views
Can I connect a PayPal account to a business bank account instead of a personal bank account?
If I write online content and get paid through my PayPal account, and if the PayPal account is connected to my business bank account, does my income automatically become my corporation's income?
...
- 16k
8
votes
1
answer
7k
views
How to pay myself as a single person corporation in Ontario? Should I get an accountant?
I'm an IT contractor and required in some of my contracts to have a corporation. I created my corporation, opened a corporate account and have been collecting income for about 6 months now...
... I ...
- 275
5
votes
1
answer
2k
views
What evidence do I need to declare tutoring income on my income tax?
What evidence do I need to declare tutoring income on the Canadian federal income tax form?
I am doing tutoring with students and want to declare it.
Can I make copies of the checks I receive?
- 175
3
votes
1
answer
458
views
If I pay taxes on my earnings, would someone also pay taxes on the same earnings if I subcontract them and pay a share?
Forgive the confusing title, but it was the best way that I could explain the following situation briefly.
I currently have some contracts for doing IT works with various companies. They pay me as ...
- 380
7
votes
2
answers
529
views
I may earn a lot of cash soon through self-employment on a lucrative project. How to handle the tax?
I'm in Canada, and am young and don't know anything about finance.
I've been working part-time as a software consultant for a friend who's starting a marketing company. He recently landed a job with ...
- 173
2
votes
1
answer
555
views
Self-employed: Is the HST portion of my invoice to be included in my taxable income?
I am self-employed and charge and receive HST. I file an HST return so any monies are returned to the government. Is the HST portion of my invoice to be included in my taxable income?
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