Hi folks, I would appreciate some advice on paying UIF. I was employed full time and have recently decided to operate as an independent contractor. I currently have 2 clients (one of which is my former employer) based on long-term contracts which in essence result in me receiving a monthly retainer of varying amounts depending on time billed. Does anyone know whether/how I should be contributing to UIF. If I draw in additional clients, should I be paying UIF based on my overall monthly income or should it be based on the amount received from each client? Should my clients be deducting UIF from my monthly payments?
Thanks in advance for the advice!