Search found 5 matches

by DollaWine
Fri Mar 04, 2016 2:02 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian living in Canada, working for US company remotely
Replies: 15
Views: 9925

Got it. I will look into CRA's website and give them a call to get more details. Appreciate all the help!
by DollaWine
Thu Mar 03, 2016 10:33 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian living in Canada, working for US company remotely
Replies: 15
Views: 9925

Great, thanks. So I guess my next step is to officially set up my business with the CRA as a sole proprietor.

Also, is total tax paid in a lump sum after I do my taxes next year, or do self-employed workers pay tax quarterly?

Also, yes I'm in Ontario. And thanks again for the help, it's making ...
by DollaWine
Thu Mar 03, 2016 7:48 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian living in Canada, working for US company remotely
Replies: 15
Views: 9925

Thanks for the information.

So as I said, my expected income will be 55-65k USD (up to around 80k CDN as of how the dollar is right now). How much should I save as a good rule of thumb out of every pay for taxes? Does 30% sound it would cover everything at tax time? I've been saving 25, but that ...
by DollaWine
Thu Mar 03, 2016 11:46 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian living in Canada, working for US company remotely
Replies: 15
Views: 9925

[quote="SM"]They should be able to just cut you a cheque with no withholding whatsoever; no tax, SS or tax to pay in the US at all.

You would then report this income on the Canadian side in CDN $ on form T2125 as self-employment income and write off your expenses. You would not pay EI as a self ...
by DollaWine
Wed Mar 02, 2016 11:48 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian living in Canada, working for US company remotely
Replies: 15
Views: 9925

Canadian living in Canada, working for US company remotely

Hey everyone,


I'm currently about to start working for a small company in California doing full-time web/graphic design from home. I currently torn and confused about taxation.

The employer is willing to bring me on as either a full-time employee of the company (e.g. a contract), or as a full ...