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There are two ways to do this; 1) proceed as a sole proprietorship which means the entire payment would be considered salary. This means you’ll need to ask fo
by Amir6 3y ago
There are two ways to do this;
1) proceed as a sole proprietorship which means the entire payment would be considered salary. This means you’ll need to ask for CPP, EI (both employee and employer portions) plus self employment complementary health benefits
2) incorporate and ask for a fixed rate and deal with taxes at 2 different levels which can enable better optimization
I’ve been doing this for a decade and happy to help if you leave an email address to contact you
- polishdude20 3y agoHow much better is going with option 2 usually? I'm assuming things like internet, work computer, equipment would be something I can write off but if it's not a huge cost, is it worth the hassle?