mcheung Posted January 5 Report 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
Geo123 Posted January 5 Report 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
mcheung Posted January 8 Author Report 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
Geo123 Posted January 8 Report 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
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