Quote:
Originally Posted by Nufy
My accountant told me a different story.
He said that CRA is starting to recognize that companies are hiring contractors for long term projects and the requirement for multiple clients is being relaxed.
Personally I maintain 2-3 clients yearly so I am not worried.
If Locke is reading this maybe he can chime in...
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CRA are keeping some of the requirements vague so that they can maintain their hold on the hammer.
The test that Nufy is talking about is part of 'Integration.' Basically, depending on what the consequences would be if a contractor were to leave part way through a project determine if they would be considered an employee rather than an independent business. Or what, if any, long-term benefit or value the contractor brings to the company.
Having several clients may not save you either, as the test is likely going to be based on percentage of revenue per client. So if you contract to 3 oil companies a year, but get 90% of revenue from one of them and 10% from the other two you could still potentially fail the test.
Again, its tough to say because none of this is set in stone yet.