OT contracting and incorporation
Evan Leibovitch
evan-ieNeDk6JonTYtjvyW6yDsg at public.gmane.org
Tue Sep 25 21:20:09 UTC 2007
CCRA has its own scorecard to determine whether you're a contractor or
an employee. If they deem you an employee, having an incorporated body
between you and the client won't make a difference.
They consider a number of aspects, such as
- How much of your income comes from a single client?
- Do you have your own 'space' at the client's site?
- Do you maintain your own home office?
- Who owns the copyright on materials (such as source code) that you
produce?
Incorporating is good for two reasons -- liability and taxation.
However, it's more expensive to maintain than not being incorporated.
As always, a good accountant is very useful in any of these matters.
- Evan
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