After getting PR, how to work directly for a US company as a contractor? Do I need to start a company in US and Canada? Has anyone done this? Or is it better to go through a payroll company? I’m trying to avoid paying an intermediary company unnecessarily.
Create a corporation (talk to a CPA)
Get a business bank account
Connect it to Wise (Transferwise), you can give USD ACH routing info to clients.
After that invoice and get paid.
Get CPA to file business returns and figure out how you want to pay yourself (monthly salary only or salary plus annual dividend, with the help of a CPA)
Hi @V-rachen @ntn I would really appreciate if you can help me know your process to open a corporation. Please feel free to DM as I would be interested in getting in touch for more details. I am looking to opwn a corp for myself to work with my US employer and could really use some help and contacts of relevant people involvedin the process!
I’d say, depending on where are you are located, look for a good CPA (mine is not accepting new clients). Ideally someone close by if you need to go and meet in person. Of that is not critical, you can go for anyone who is having good recommendations. Based on many videos I have seen I’d go with this one if I was looking for one now https://samcao.ca/tax-consultation/
The CPA’s role would only be creating the corp, right?
What about creating a contract and managing invoices etc. and taxation?
I used some of the popular templates on word/docs for invoice. Not sure if that’s an option for you or not.
Taxes, same CPA did for me.
With contracts I didn’t bother much since I was working as a freelancer and I had to sign the contract the Client gave … May be required if you are hiring employees / contractors. I’m not sure who does it but probably an attorney would do it.
Here’s another one that seems goodhttps://copilottax.ca/contact/
Thanks, I appreciate your help. I live in Ontario. I am only looking for myself as person in the corp and not hiring anyone else etc, but figured there will need to be some contract between me and my client.