For the purpose of minimizing income tax... Should a new resident who is working on contract (not a salaried employee) for a North American company register a corporation or take the income in their personal name?
In Canada, most people who are working on contract register or incorporate a company to benefit from the low income tax bracket under which "small business" are classified. Claiming the income as an individual usually results in the highest taxes.
How does this work in the DR?
In Canada, most people who are working on contract register or incorporate a company to benefit from the low income tax bracket under which "small business" are classified. Claiming the income as an individual usually results in the highest taxes.
How does this work in the DR?
