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How do we do my hudsbands taxes if he’s getting paid as a contractor?
He was hired to work for a company but because he was only working for the winter he was getting paid as a contractor. I’m not sure how to di his taxes correctly? Do I need to make a buisness for him even if he’s working for a buisness already?
a week ago
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Filing
You will file his taxes, he being self-employed. If you're a sole proprietor or self-employed, you must fill out your T1 General, which is your standard personal income tax return. You must also complete a separate T2125 “Statement of Business or Professional Activities.” This is where you specify: Business and professional income earned.
Refer to this TurboTax article for step-by-step instructions: Self-Employed Tax Return Canada – T2125 Step by Step ...
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a week ago