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  1. How many % of income to put aside for taxes as "independent contractor"?

    Taxation
    Dear members, I started a new job. I`m working for a company as an "independent contractor" in Toronto, Ontario, meaning that I`m not getting a regular paycheck biweekly but have to bill for the hours I`ve worked instead (write an invoice). I have to deduct taxes myself instead of the employer...
  2. Independent Contractor Tax Filing?

    Taxation
    I'm having a bit of a problem knowing what to do for the upcoming tax season: Starting in May of this year, I've been working as contractor for an American LLC, I get paid twice a month by online money transfer via Paypal. For the first 5 months of my employment I was paid a fixed sum twice a...
  3. Outside work tax return.

    Taxation
    I did some contract work (one time deal) in March for about $2000 and my question is how to properly do my taxes on it. I know that do not qualify as an employee, so I looked at the T2125 form. Is it the right form? If it is, I don't have an Account Number. Do I leave it blank? What would be...
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