View Single Post
Old 05-14-2013, 01:07 PM   #10
CaptainCrunch
Norm!
 
CaptainCrunch's Avatar
 
Join Date: Jun 2002
Exp:
Default

Quote:
Originally Posted by Ducay View Post
Google the last thread when someone wanted to become a contractor for tips/discussion of how bad this will end. You're employees already, and you think the CRA isn't going to notice?

Basically I'd say 25% pay increase is probably a little more realistic. You're losing vacation, OT (if applicable), benefits, issues with CPP/EI, tax & filing implications. Figure out what those are worth and add them to your salary plus a bit for good measure.
On the OT, I would assume that as a contract you are billing actual hours ie time sheet. You can negotiate a over time rate.

Best bet is to set up a company to flow the income through and then pay yourself via your own company and give yourself benefits through that company as well.
__________________
My name is Ozymandias, King of Kings;

Look on my Works, ye Mighty, and despair!
CaptainCrunch is offline   Reply With Quote