Article View: can.general
Article #2328income tax tips #2
From: dave
Date: Tue, 17 Mar 1987 03:58
Date: Tue, 17 Mar 1987 03:58
21 lines
1361 bytes
1361 bytes
If you provide services to an organization in exchange for
money, and are paid as an employee (tax withheld at source,
income shown on a T-4 slip), you may wish to explore whether
your relationship with that organization can be described
as a business relationship (in which you provide consulting services)
rather than an employment relationship.
Whether this can in fact be done will depends on the facts of
your relationship with the organization. Consult a competent tax
advisor. If you can do it, there are numerous advantages, including:
- no tax withheld at source
- one-year deferral of tax through use of business year-end
- expenses deductible by you, including possibly a portion
of your residence costs for your home office
David Sherman, Consultant
(Author, "Basic Income Tax Law")
The Law Society of Upper Canada
Toronto
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Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: arc1-ca.pugleaf.net!utzoo!lsuc!dave From: dave@lsuc.UUCP Newsgroups: can.general Subject: income tax tips #2 Message-ID: <1640@lsuc.UUCP> Date: Mon, 16-Mar-87 22:58:48 EST Article-I.D.: lsuc.1640 Posted: Mon Mar 16 22:58:48 1987 Date-Received: Tue, 17-Mar-87 05:43:27 EST Sender: root@lsuc.UUCP Organization: Law Society of Upper Canada, Toronto Lines: 21