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Re: Should I take a contract position?

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William Colls wrote:
> As a contractor, you will be considered a "small Business operator" for 
> tax purposes. Payments to you will not have any taxes deducted, and you 
> will need to make provision for remitting to what ever authorities have 
> jurisdiction.

That's only true for independent contractors.

> Will you be earning enough to have to register for VAT, GST, or what 
> ever other business taxes are applicable?

Irrelevant if you're a contractor working for a contracting firm.

> Will you need to incorporate? There are pros and cons to this, and 
> location can have big impact.

Irrelevant if you're a contractor working for a contracting firm.

> How much will Business Insurance cost? Do you need coverage?

Irrelevant if you're a contractor working for a contracting firm.

> Contracting can be a great way to go, but you need a fair tolerance for 
> risk.

About the same as for direct employment.

> My $0.05 Cdn (we don't have pennies any more!)

Huh. The U.S. still maintains its penny production, despite their negative seigniorage.

Of course, everything here is priced to the penny, so there you go.

-- 
Lew

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Thread

Should I take a contract position? kramer31 <kramer.newsreader@gmail.com> - 2012-04-03 16:21 -0700
  Re: Should I take a contract position? Lew <lewbloch@gmail.com> - 2012-04-03 18:28 -0700
    Re: Should I take a contract position? Roedy Green <see_website@mindprod.com.invalid> - 2012-04-04 13:07 -0700
      Re: Should I take a contract position? Gene Wirchenko <genew@ocis.net> - 2012-04-04 14:52 -0700
  Re: Should I take a contract position? Roedy Green <see_website@mindprod.com.invalid> - 2012-04-04 13:01 -0700
    Re: Should I take a contract position? Arved Sandstrom <asandstrom3minus1@eastlink.ca> - 2012-04-04 19:27 -0300
  Re: Should I take a contract position? William Colls <william.colls@rogers.com> - 2012-04-04 16:05 -0400
    Re: Should I take a contract position? Lew <lewbloch@gmail.com> - 2012-04-04 18:20 -0700
      Re: Should I take a contract position? Arved Sandstrom <asandstrom3minus1@eastlink.ca> - 2012-04-05 07:02 -0300
  Re: Should I take a contract position? Jukka Lahtinen <jtfjdehf@hotmail.com.invalid> - 2012-04-04 23:27 +0300

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