Filing Taxes as an Independent Contractor

[SteveShum]

Hi All,

I became a Canadian permanent resident rencetly. However, I have also recently started working for a US company from Canada as an Independent contractor remotely. So the US company is paying me USD, without deducting any sort of taxes, and tranferring the money to my account in Canada. I was just a bit confused and needed some guidance on how I would file my Canadian taxes? Is there anything special I need to setup? Any sort of guidance would be appreciated.

Thank you!

 

[db9]

Hi All,

I became a Canadian permanent resident rencetly. However, I have also recently started working for a US company from Canada as an Independent contractor remotely. So the US company is paying me USD, without deducting any sort of taxes, and tranferring the money to my account in Canada. I was just a bit confused and needed some guidance on how I would file my Canadian taxes? Is there anything special I need to setup? Any sort of guidance would be appreciated.

Thank you!

Hi Steve,

I know this is an old thread, were you able to figure out how to do this? I am in the same boat now. My US based company wants me to be an Independent Contractor and they have no Canadian presence. They will be paying me in USD and not withhold any taxes. Did you have to incorporate as a company? How did you manage your taxes?

 

[canuck78]

Hi Steve,

I know this is an old thread, were you able to figure out how to do this? I am in the same boat now. My US based company wants me to be an Independent Contractor and they have no Canadian presence. They will be paying me in USD and not withhold any taxes. Did you have to incorporate as a company? How did you manage your taxes?

Would suggest meeting with an accountant. What is best for your situation may not be the best for others.

 

[hamgha]

Hi Steve,

I know this is an old thread, were you able to figure out how to do this? I am in the same boat now. My US based company wants me to be an Independent Contractor and they have no Canadian presence. They will be paying me in USD and not withhold any taxes. Did you have to incorporate as a company? How did you manage your taxes?

You file your income using simpletax like normal and then it tells you how much tax to pay. Doesn't matter where the company is

 

[jclarke99]

This has been discussed several times if you dig deeper into this forum. As Canuck78 stated, you'll be best served if you speak with an accountant, especially one with cross-border experience. In short, you should probably be making quarterly payments to Revenue Canada. Your U.S. company may be at some risk, as they may not realize that they need to adhere to various Canadian labor laws (and possibly tax laws as well). You need professional advice.

 

[alidonkaka6]

hi

I would recommend. What works best for you might not work best for others.

 

[alidonkaka6]

hi

I would recommend. What works best for you might not work best for others.

hi again
Our American firm may be in jeopardy because they are unaware of the requirement to follow certain Canadian labor rules (and possibly tax laws as well). You should seek expert assistance. turkish citizenship