Are You Independent Contractor or Employee?
Attention Business Owners: You must file your 2014 Self-Employed Income Tax Return by June 15, 2015! There are only 46 days left, so file now to avoid costly late filing penalties.
TAX TIP As Independent Contractor, remember that CRA Canada Revenue Agency will usually request a copy of your written contract so be sure it is correctly prepared. Just one small word makes all the difference! Employees have ‘contracts of service’ which are subject to the employer’s control. However, independent contractors work under a ‘contract for services’ allowing freedom within which to operate. For professional […]