Setting up as a Contractor
Feb 13th 2004 | 6:52 am
#1
Thread Starter
Forum Regular
Joined: Dec 2003
Posts: 83
From: Toronto
Setting up as a Contractor
Has anyone else done this for tax advantages?
I am here on 2 year work permit (courtesy of my partner who took an intercompany transfer)
As I understand I could avoid paying EI and CPP by being paid as a contractor?
I am currently paid hourly by my employer as a consultant but they have indicated they would be happy to be me as a self-employed company.
Has anyone done this and what are the pros/cons?
I am here on 2 year work permit (courtesy of my partner who took an intercompany transfer)
As I understand I could avoid paying EI and CPP by being paid as a contractor?
I am currently paid hourly by my employer as a consultant but they have indicated they would be happy to be me as a self-employed company.
Has anyone done this and what are the pros/cons?
Feb 13th 2004 | 11:09 am
#2
Just Joined
Joined: Sep 2002
Posts: 29
you may screw yourself with that work permit if you do that. When we applied for a work permit, the company was turned down... one of the reasons was that we checked the box for "self-employed contractor" and apparently work permits are set up NOT for selfemployeds but for EMPLOYEES. be careful with this one.
GWNN
GWNN
