All Questions
Tagged with canada self-employment
32
questions
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
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
5
votes
1
answer
1k
views
When is it necessary to apply taxes for web freelancing services in Quebec, Canada?
When is it necessary to apply taxes for web freelancing services in Quebec, Canada?
- 103
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 ...
- 51
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
5
votes
1
answer
136
views
How does revenue shared with someone else go into my tax return in Canada?
I'm contracting to publish a game for someone on Apple's App Store. I will take 15% of the revenue, he gets 85%.
But Apple will report the full amount to the government. Let's say for example this ...
- 255
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
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
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 ...
- 143
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
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?
- 141
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
3
votes
1
answer
272
views
Exemption of foreign self-employment income for dual-status tax year
Here's my timeline:
Canadian citizen, by birth, moved to US in 2003.
Living in US, granted greencard from June, 2011.
Returned to Canada in December, 2013 (permanently)
Relinquished Greencard, May ...
- 131
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
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