mcheung Posted January 5 Report Share Posted January 5 If I did remote work as programming and the employer is from US and they paid me directly to my bank without doing those CPP, EI contribution for me? So basically I don't have a T4 slip. So I'm thinking in the interview setup, I don't select "Employment income and employment insurance benefits"? I will select "self-employment" and then next I will select "T2125P - Professional income". Not sure if that's the right way? But it seems it asks me like I need a registered business account? It doesn't even ask me what's the amount of income I made and no selection for me to contribute CPP or EI? Any help will be appreciated. Thanks. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted January 5 Report Share Posted January 5 Hello mcheung, For IRS 1099-NEC / 1099-MISC / Independent Contractor < = = = IF you did not receive a 1099 enter "Contractor Example >>Go to Right Hand Screen - Interview SetUp >> Investment income and expenses >> Foreign income and foreign property (T1135) "-->"(blue arrow) >>Go to Left Hand side of screen >>Foreign income and property >>Section [Foreign non-business income] >>Foreign employment income “+” < - - CLICK on “+” *Description of the source of the foreign income [IRS 1099-NEC] or [IRS 1099-MISC] or [Contractor] < = = = IF you did not receive a 1099 enter "Contractor If you are entering amounts in Canadian dollars, enter 1 for the exchange rate. The average exchange rate for $US was 1.3013 in 2022. See the Bank of Canada's website (www.bankofcanada.ca) for other exchange rates. Exchange rate to apply [1.3013] Foreign employment income not entered on a T4 page [$25,000.00] < = = USD Employment expenses related to the foreign employment income Sales expenses Travelling expenses Other foreign employment expenses – specify Description Amount of foreign tax paid $2,500.00 < = = USD https://www.irs.gov/faqs/small-business-self-employed-other-business/form-1099-nec-independent-contractors Quote Link to comment Share on other sites More sharing options...
mcheung Posted January 8 Author Report Share Posted January 8 But I work online remotely - work from home in Canada. I don't need to travel to US to work. So I still need to set as foreign income? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted January 8 Report Share Posted January 8 Hello mcheung, Please contact the CRA to determine if eligible for T1 - T2125 Business OR Foreign Income Business Please contact the CRA at 1-800-959-8281 CRA https://www.canada.ca/en/revenue-agency/corporate/contact-information.html Quote Link to comment Share on other sites More sharing options...
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