Hi!

I’m based in Canada and was offered the opportunity to work as a contractor for a US company. I would not be an employee for them so I would need to set up a corporation ( is what I’m told the best option).

I’ve never don’t contract work and it seems like a whole different world because we don’t get benefits, paid time off, or any security for a matter.

Is anyone here already in that boat and would care to give me some advice and how you started out? Any tips , ie cost that you didn’t expect and I should account for?

Also note… they are giving me about 10k more than what I’m earning now… so I don’t know if I’d be actually pocketing less or same.

  • sherbear0508OPB
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    1 year ago

    Wouldn’t I actually benefit on taxes because small businesses only get taxed 12% while personal taxes is around 30%?

    Technically I could leave money in the corporation and get taxed minimally … so isn’t that a plus?