March 04, 2019
What To Know About Taxes If You're A Contractor Or A Freelancer
The traditional, permanent full-time job is dying a slow death in Canada, and precarious work in the new “gig economy” is taking its place.
Independent contractors, freelancers, and precarious workers — all of these names can be confusing when it comes to filing taxes in the gig economy.
But no matter what you call yourself, the main distinction that matters to Canada Revenue Agency is whether you’re an employee of a company or if you’re self-employed.
“Are you able to set your own hours? Are you able to set your own rate of pay? Are you able to determine where you conduct the work, where you do the task? And are you responsible for providing your own tools or your own equipment,” she said.
“Self-employed falls into anybody who is a contractor, so you’re hired by a larger company for a specific period of time to do a set task, or you are providing a service straight out of your home.”
Take a read of the article because it is specific to Contractors/Gig Economy workers:
https://www.linkedin.com/feed/update/urn:li:activity:6432131135379111936/
What To Know About Taxes If You're A Contractor Or A Freelancer
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