@@ThomasCChanone thing I forgot to ask you at the meeting was, can you be a contractor of your own corporation? Instead of being salaried? In terms of withdrawing money from company other than salary or dividends? Thanks again
@rahulgs-zj3qq hi Rahul. At the end. It's about personal income. Or corporate income. Cra will always tax you once and once only at each level At the end where does the money go to?
@@ThomasCChan if this is allowed, the contractor income will be an expense for the corporation compared to dividends. Also, as a contractor you don’t have to register with cra for pay roll etc. that’s why I was wondering if this is allowed!
Great explanation - helped a lot
THANK YOU! :)
Great video Thomas! I also, wanted to mention you have provided great ideas on our 1:1 video this morning. Thanks for your time!
Thank you Rahul!
@@ThomasCChanone thing I forgot to ask you at the meeting was, can you be a contractor of your own corporation? Instead of being salaried? In terms of withdrawing money from company other than salary or dividends? Thanks again
@rahulgs-zj3qq hi Rahul.
At the end. It's about personal income.
Or corporate income.
Cra will always tax you once and once only at each level
At the end where does the money go to?
@@ThomasCChan if this is allowed, the contractor income will be an expense for the corporation compared to dividends. Also, as a contractor you don’t have to register with cra for pay roll etc. that’s why I was wondering if this is allowed!
@rahulgs-zj3qq but now the income goes to you 100%
So as self employed. You still have pay 100% income tax
Great thanks! Also wondering if you have another channel for Crypto 😊
Not yet 😀
Hi business owners please share your thoughts! 😊
Do you do taxes?