Hi,
I will be moving from France (my country of citizenship) to Canada (BC) for a year or so in April. I work as an independent contractor (work from home, paid by the hour) for a US company.
Questions:
If my client pays me $50k throughout the remainder of the calendar year, about how much will I expect to keep for myself?
From my research, I gather that there is:
- income tax
- pension plan
- GST/HST
Am I forgetting anything?
Am I right in saying that I am exempted from GST/HST given that my client is in the US?
Is there anyway to avoid CPP (pension plan)?
Given $50k in revenue with no deductions, is 25% of that amount approx. what I can expect to pay for income tax+pension plan?
Thank you very much
French freelancer moving to Canada
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