All Questions
Tagged with canada self-employment
32
questions
3
votes
1
answer
112
views
How do I properly lend personal money to my own company in Quebec?
I want to finance my company with my personal money (to buy some stuff).
What is the best way to do that in an accounting point of view?
- 13.4k
4
votes
1
answer
204
views
Changing "Tax Deduction at Source" to "Zero" - How to request your employer not to hold your taxes?
In Canada/Ontario, in both cases of permanent and contract employment, is it possible that I request my employer that they pay me my full before-tax salary and I pay the tax at the end of the year ...
- 433
1
vote
1
answer
245
views
Self-employed: claim CPP for self on Line 9060 of T2125?
In Canada, self-employed individuals have to contribute more to the Canada Pension Plan (CPP): we have to pay both the employee and employer amount. Whereas employees just pay their employee amount ...
- 31.7k
1
vote
1
answer
465
views
Is it possible to get a mortgage without income verification in Canada?
For someone who has some sizeable savings but who reported very low income for the past year, is it possible to get approved for a mortgage with, say, 35% down?
In a situation when one has to pay $...
- 33.8k
5
votes
2
answers
322
views
Is DIY car repair work deductible in any way when self-employed?
I am self-employed and I am proficient at repairing vehicles. I use my vehicle exclusively for work: my customers ask me to drive to one of their customer's location and I provide a service on site. I ...
- 10.4k
2
votes
0
answers
172
views
Stop filing federal annual return (Canada)
I incorporated my company several years ago and since then I've been filing both my provincial and federal annual returns (pay $20 and confirm info). According to many sources, having the federal ...
- 252
2
votes
0
answers
113
views
Do I have to pay into Canada Pension Plan (CPP) as part time contractor?
I have a fulltime job with a company but in my spare time I do some contractor work for a few clients I gathered overtime. I understand that I have to pay income tax at the end of the year over my ...
- 31.7k
1
vote
0
answers
41
views
W8 question - regarding contract work in the US
I'm Canadian and used to work in the US randomly on visa. Now I reside full time in Canada and am doing some contract work in the US. They have asked me to complete a W9 but I do not have a visa ...
- 77.2k
1
vote
3
answers
1k
views
Paying salary to a shareholder when the business has no revenue
I'm trying to learn about financial statements and taxes in Canada. And I'm curious if I understood something correctly when a business has zero revenue, but still pays the sole share holder a salary....
CommunityBot
- 1
2
votes
1
answer
126
views
Canada: Taxes for income generated from pre-immigration work
I called the CRA many times regarding my question but I wasn't able to get an answer and they kept redirecting me to different people and departments.
I am now a PR in Canada, Before coming to this ...
- 42.8k
1
vote
1
answer
155
views
How to report Canadian income from a small contract job?
Aside from being a student in 2016, I was also was hired as a contractor to write a technical report. I recognize that this would be considered 'self-employment', but how do I report this income (I am ...
CommunityBot
- 1
1
vote
1
answer
113
views
How should I file my taxes as a contractor?
For background, I'm an Ontario, Canada resident, and I've worked here during all of FY2016.
For the first time, in addition to mostly doing full-time work as an employee of a company, I did just over ...
- 1,020
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 ...
2
votes
2
answers
908
views
Do I have to pay tax on money I earn as a tutor?
I am a high school math tutor in Canada and make about ten grand a year from it. I am wondering how to pay tax on this as i do not have an employer. I am payed in cash so there is no digital record of ...
CommunityBot
- 1
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?
...
CommunityBot
- 1