- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I am counsellor for 1 company only. 35% of my billable time is retained by the co., as per our contract, and is allotted for overhead. Can I claim that 35% as overhead?
Topics:
June 1, 2020
1:57 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Getting started
I assume that you are reporting income o the business form T2125 . In this case yes, if you have mandatory deductions from your earnings you would report 100% as inocme and you can report overhead costs as management and administration expenses on T2125.
June 1, 2020
2:18 PM