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1. #CRA INDEPENDENT CONTRACTOR EXPENSES CODE#
2. #CRA INDEPENDENT CONTRACTOR EXPENSES PROFESSIONAL#
3. #CRA INDEPENDENT CONTRACTOR EXPENSES FREE#

The worker retains the rights over the equipment.The worker is responsible for the maintenance and repair of said tools and equipment.The worker supplies required tools and equipment.Some indicators that the worker is self-employed, in regard to ownership of tools, include: The payer retains the rights over the equipment.The worker is reimbursed for any costs incurred with respect to the supplies and equipment.The payer is responsible for the maintenance, repair and insurance costs of the tools and equipment.The payer supplies required tools and equipment.Some indicators that the worker is an employee involve tools, and include: The worker has the right to accept and refuse work.

#CRA INDEPENDENT CONTRACTOR EXPENSES FREE#

Worker is free to provide services for numerous payers concurrently.Worker generally works on their own schedule but within a prearranged timeframe.There are also a number of indicators a worker is a contractor, and they include whether the: Worker requires permission to work for someone else concurrently.Payer controls the worker with respect to both results and method (whether exercised or not).There are a number of indicators that a worker is an employee some of these indicators include whether the: This is an area that CRA continues to monitor closely and offers the following four factors to help determine whether a person is an employee or a contractor: CRA Factors in determining independent Contractor vs EmployeeĪ payer should clearly understand the distinction between the two because if they are reported incorrectly, the Canada Revenue Agency (CRA) could levy financial penalties and impose substantial tax liabilities. This article covers both the factors CRA uses to determine the tax treatment, and the advantages and disadvantages for the individual in each circumstance.

#CRA INDEPENDENT CONTRACTOR EXPENSES PROFESSIONAL#

When hiring an account, be sure to check professional references and asking trusted friends and colleagues to recommend an accountant who specializes in taxes, has good communication skills and provides excellent service to clients of all sizes.Determining whether you’re an employee or a contractor is a critical decision with important consequences for both the worker and payer (the company, employer or individual paying for the work).Įmployee or contractor? It might sound like an easy distinction to make, but it is not. Many small business owners hire a professional accountant, give them all of your receipts and records, and have them complete the income tax return. Meals and entertainment (allowable part only) Legal, accounting, and other professional fees The Canada Revenue Agency offers guides to help you interpret the eligible deductions within your specific private practice context.īusiness tax, fees, licences, dues, memberships, and subscriptions This includes costs you may not be thinking of, like a portion of your heating bill, banking fees, using your car to see clients and association fees. Keep and organize all receipts and make copies of them to avoid receipts fading and becoming illegible.ĭeduct any reasonable current expenses incurred to earn business income. Keep a written or electronic record of expenses and income including any GST/HST that you paid or collected. There are many resources from the Canadian Revenue Agency that can help, and a professional accountant’s advice when starting up business will go a long way to avoiding tax time headaches and being prepared for an audit. Depending on your business model, services provided, and office location, these general guidelines may apply to you:īe aware of your income tax and GST/HST requirements. Self-employed RSWs incur a number of costs that they can claim on their income tax return.

#CRA INDEPENDENT CONTRACTOR EXPENSES CODE#

CASW Code of Ethics 'Values and Principles'.CASW Code of Ethics and Scope of Practice.Assessment of International Credentials.Glenn Drover National Award for Outstanding Service.