Need advice : I currently earn 100% commission income from my employer. In order to pay less source deductions my employer has suggested that I invoice him with a GST/PST # and by doing so he could pay me without any source deductions.
I currently have a ton of employment expenses that I am able to claim against my earnings with supporting documents from my employer (T2200, T777 etc.)
Firstly, Should I incorporate or can I simply get a Quebec business number & register for PST/GST?
Secondly, How to go about remitting preemptive payroll taxes or can I simply wait until end of year to remit?
Basically need advice on best structure to enhance cash flow during the year without paying mad taxes up front through my employer.
P.S. I already max out my RRSP and earn more than needed to fund my expenses and RRSP's