My client lives in Canada and collects income in US dollars working from home.
Does not have any W2. Company 1 told her she is a contractor, only gave her paystub things and can’t be contacted.
Company 2 sent her a T4A with her income reported in box 48 (fees for service)
What do I do?
I’d report both on a T2125 in Canadian dollars and deduct any expenses. It’s not foreign sourced because she was doing the work in Canada at home.
I have had this situation with a client.
Need to ask Question where is the monies deposited?
Into a Cdn dollar account and therefore, converted on day of deposit or in a US dollar account?
Unclear why the rest of my response did not post… below are options
If Cdn dollar account .add up all the deposits that have been converted to Cdn dollars ( do not use sales invoices)
If deposited into a US dollar account