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Old 03-05-2018, 08:24 PM   #5
GGG
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Not really in your industry but just moving from staff to being a contractor warrants an increase in billable rate. Holidays (2% per week), CPP (5%), EI (2%), RRSP matching (5%), benefit plan (1-2%), sick days (1-2%) etc. So if you just went from staff to contract at a minimum a 20% uplift is required to make you whole.

If you provide your own equipment and transportation once you are a contractor that also needs to be added on. Also if you really are an arms length contractor things like profit and overhead should be included. So if the new work is similar duties then your current wage plus between 20% and 40% depending on who supplies the equipment would be a reasonable mark up for being a contractor.
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