Quote:
Originally Posted by CaptainCrunch
Ok, so I'm working on negotiating with one of my opportunities, which is the tech incubator company.
So I have some questions for the brain trust here because you guys are all brilliant.
It looks like they're preferences for this role is as a contractor. That's fine, though I've never worked as a contractor before I've always been an employee.
I need to understand the steps of this
1) I was looking it up, and they recomended registering a business, is there an easy way to do this and costs. I'm assuming that I'm probably going to want to do a sole proprietorship right.
2) How do I handle paying myself out of this, I'm guessing I'm just withdrawing income from the business as an expense?
3) How do I go about submitting my taxes and CPP I'm assuming I do that as an indivual from the funds that I withdraw from the business?
4) Is there anyway to protect myself with EI?
5) Any recommendation on health planes. I was looking at Sureplan but are there others I should look at.
6) Am I going to need an accountant to navigate me through this?
Anything else I should be thinking of.
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3) CPP/Taxes are done with your normal return if you're doing Sole Prop and not a corporation T4ing yourself. If you do it corp way, you will have to remit CPP/payroll to CRA.
4) EI can be opted in to through
EI then remitted through the Schedule 13 on your personal taxes.