It sounds like a really innocuous question, doesn't it? But if you and the Canada Revenue Agency don't agree on the answer, you will end up in the seventh circle of tax hell, with all your expenses disallowed, owing back taxes and maybe even having to pay penalties.
So it's really important that you know what a contractor is according to the Canada Revenue Agency.
Are You a Contractor or an Employee? explains the four-point test the Canada Revenue Agency uses to determine whether a worker is a contractor or an employee and what you can do to clarify your independent contractor status.
More on Canadian Income Tax
- Canadian Income Tax Due Dates
- How Long Does a Tax Refund Take?
- Canadian Income Tax and Your Small Business
- Business Expenses Index for Canadian Businesses
- Canadian Income Tax FAQs for Small Businesses
- How to Complete the T1 Canadian Income Tax Form as a Business
- How to Calculate Capital Cost Allowance
- Guide to Income Tax for Canadian Corporations
- Investment Tax Credits for Canadian Small Businesses
- Top Canadian Tax Software Programs
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