There are different types of Contract Workers in a variety of different working situations. If you have determined that you are indeed a Contract Worker, the way in which you are paid is different than an employee. You are entitled to some deductions and your tax return will be prepared differently than employees of a company.
The advice of a good accountant will go a long way in making sure that your year end income tax situation is correct. An accountant will ensure that you are paying the correct amount of taxes and you are claiming the right deductions for your situation. Your accountant will also ensure that the business relationship between you and the company paying for your services is legitimate. It can cost you if it is determined you should have been a paid employee instead.
James Walker, Chartered Professional Accountant in Mississauga will help organize your records and advise you on best practices when it comes to being a Contract Worker.