This is a multi-part message in MIME format.
---------------------- multipart/alternative attachment
QUESTION:
I am a Canadian Citizen and will be working for an American based company in Canada. (this company has no offices in Canada)I will be working out of my home.
I can't seem to find information on how this would work tax wise. Is it best that I be self employed or an employee?
Thank you in advance for your time
Regards
TXXXXXXXXX
======================================================
david ingram replies
You are taxable in Canada and could ber self-employed or an employee. It will be easier for the comapny if you are self employed. On the other hand, if something goes wrong, you will not get Employment Insurance benefits and would have a hard time getting any loss of employment payments for wrongful dismissal if they let you go.
You should have them pay you a separate fee fo the rental of the office in your home. That way you can write off interest and taxes as an employee or self employed. Otherwise, as an employee, you can only write off repairs and maintenance and some heat and light. As a self employed person (or when renting them the office), you can write off a lot more stuff.
It's a toss-up. You might want to pay for a consultation by phone or in person.
David Ingram of the CEN-TA REALTY Group
US / Canada / Mexico tax and working Visa Specialists
US / Canada Real Estate Specialists
108-100 Park Royal South
West Vancouver, BC, CANADA, V7T 1A2
(604) 980-0321 - Fax 913-9123 [email protected]
www.centa.com www.david-ingram.com
Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist in connection with personal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included."
Be ALERT, the world needs more "lerts"
---------------------- multipart/alternative attachment
An HTML attachment was scrubbed...
URL: http://www.centa.com/CEN-TAPEDE/centapede/attachments/ac61377d/attachment.htm
---------------------- multipart/alternative attachment--
What's Related