Please educate on self employed vs employee (contrcat) , which one is good option in terms of savings , what are advantages and disadvantages of both.

Your guidance will be appreciated

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Kind Regards
Shah

A simple logic - being self employeed you can pay taxes after your deducting your expenses.

However you will loose some of the benefits like employers contribution towards your retirement, dental and other health benefits, vacation days, sick leaves, and most important Unemployment Insurance.

For a high paid job, my preference is doing contract work.

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A Proud Indian Canadian

One of the big advantages of being self-employed is that there are more retirement strategy alternatives available to you than are available to most taxpayers. Moreover to the conventional traditional IRA/Roth IRA options that everybody has.