Tax for a professional who works for his own corporation

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physio_desi
Member since: Jun 09

Posts: 1
Location:
Post ID: #PID

Posted on: 20-06-09 18:02:03

Hi All,

I am a licensed physiotherapist and I am working as a consultant at different clinics. I opened my own incorporation. Now my tax consultant is saying that I need to charge 5% GST for whatever the clinics pay my corporation.

But the clinic pays me a fixed amount per hour. I can't charge them 5% extra.

What should I do? Any help is appreciated

Also, what is the tax structure for businesses? What is the tax bracket my income would fall under supposing I make 120K per year.

Are there any good tax tips where I can legally save money?

Regards,
Physio_desi

benparsad
Member since: Jan 06

Posts: 412
Location:
Post ID: #PID

Posted on: 20-06-09 20:09:33

Hi Physio_DESI;

You do your taxes by self or have some professional tax person to do that?
(s)he can give best answer. Asking free advice on such forum may not provide you with best solution as that needs many details.

-Ben

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