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T2200 can be used to reimburse your personal expenses incurred for employment, the danger is that when CCRA audits your boss, they would definitely question the validity of T2200 form,

it's unclear from your message that what is the amount on the T2200, to save 10,000 in taxes, the amt on the T2200 has to be close to 20000, in other words, your boss is forgoing business deduction for 20,000, Why is he forgoing his money to benefit you? Or did he even realize this is the consequences, what if he changes his mind at the end of the year?


Without further info, go with the indep. contractor status, give me more details on OPtion 2,

Option 1 might have more flexibility depending on what kind of work do you do...

Option 1 would cost you anywhere between 500 to 1000ish in accting fees and tax returns, the trick is not to register a business, that would bring you additional tax liability,

get a biz number package for GST purposes from CCRA

if I have time in the 2003 tax season, I can do your tax filing...
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Replies, comments and Discussions:

  • 枫下家园 / 理财投资税务 / 瘦猪,请帮我选择一下雇用方式好吗?
    我在公司工作一年了,我的工资涨到$65,000我现在有两个选择:

    1转作Contractor,自己报税
    2继续作Employee,年底老板给我一个T2200Form他说能省一万块钱的税

    老板说做Contractor报税很麻烦,而且也省不了什么税,他建议我选择第二个.
    我想听听你的建议

    谢谢.
    • What's 2200? UP
    • 瘦猪,我也有问题向咨询一下,可以给你发email吗?
      • You can always post your question so more ppl would benefit from it...
    • up
    • ^
    • T2200 can be used to reimburse your personal expenses incurred for employment, the danger is that when CCRA audits your boss, they would definitely question the validity of T2200 form,
      it's unclear from your message that what is the amount on the T2200, to save 10,000 in taxes, the amt on the T2200 has to be close to 20000, in other words, your boss is forgoing business deduction for 20,000, Why is he forgoing his money to benefit you? Or did he even realize this is the consequences, what if he changes his mind at the end of the year?


      Without further info, go with the indep. contractor status, give me more details on OPtion 2,

      Option 1 might have more flexibility depending on what kind of work do you do...

      Option 1 would cost you anywhere between 500 to 1000ish in accting fees and tax returns, the trick is not to register a business, that would bring you additional tax liability,

      get a biz number package for GST purposes from CCRA

      if I have time in the 2003 tax season, I can do your tax filing...
      • The answer is too professional for me, Call I call you please?
        • I can answer in layman's terms if you tell me what the deal is...
          • the "deal", I am not sure what it means,is it means how much I can pay you for the infomation or the deal between me and my boss?
            • The details of your employer's purposals...
              • would you mind me call you and discuss the detail in the phone?