Quote:
Originally Posted by MaDMaN_26
A friend has to Incorporating herself in order to take a contract position and is getting confused about it all...
Does anyone know any good resources or FAQ's on how to do this... e.g. she was told she has to have stocks and she doesn't really want to deal with that but maybe she has to...
This forum always seems to have some experts hangin around so thought I'd see what came of it.
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For tax purposes there are certain criteria CRA uses to determine whether there is an employee/employer relationship or a contractor relationship.
Here is a good starting point:
http://www.taxtips.ca/personaltax/em...contractor.htm
And FYI, she doesn't need to incorporate to take a contract position, and in some cases it may not make any sense to incorporate at all