Be cautious with contractors!

2 minutes
Share the link to this page
Copied
  Completed
You need to have access to the item to view this lesson.
One-time Fee
$69.99
List Price:  $99.99
You save:  $30
€60.10
List Price:  €85.87
You save:  €25.76
£52.46
List Price:  £74.94
You save:  £22.48
CA$96.77
List Price:  CA$138.26
You save:  CA$41.48
A$105.37
List Price:  A$150.54
You save:  A$45.16
S$90.67
List Price:  S$129.53
You save:  S$38.86
HK$544.86
List Price:  HK$778.41
You save:  HK$233.54
CHF 56.26
List Price:  CHF 80.38
You save:  CHF 24.11
NOK kr707.37
List Price:  NOK kr1,010.57
You save:  NOK kr303.20
DKK kr448.97
List Price:  DKK kr641.42
You save:  DKK kr192.44
NZ$121.15
List Price:  NZ$173.08
You save:  NZ$51.93
د.إ257.03
List Price:  د.إ367.21
You save:  د.إ110.17
৳8,562.98
List Price:  ৳12,233.35
You save:  ৳3,670.37
₹6,295.28
List Price:  ₹8,993.64
You save:  ₹2,698.36
RM287.72
List Price:  RM411.05
You save:  RM123.33
₦101,543.19
List Price:  ₦145,067.92
You save:  ₦43,524.72
₨19,623.44
List Price:  ₨28,034.69
You save:  ₨8,411.25
฿2,226.83
List Price:  ฿3,181.32
You save:  ฿954.49
₺2,976.39
List Price:  ₺4,252.17
You save:  ₺1,275.78
B$380.70
List Price:  B$543.88
You save:  B$163.18
R1,184.67
List Price:  R1,692.46
You save:  R507.78
Лв117.58
List Price:  Лв167.98
You save:  Лв50.40
₩103,151.96
List Price:  ₩147,366.26
You save:  ₩44,214.30
₪226.45
List Price:  ₪323.52
You save:  ₪97.06
₱4,126.96
List Price:  ₱5,895.91
You save:  ₱1,768.95
¥10,873.64
List Price:  ¥15,534.44
You save:  ¥4,660.80
MX$1,272.04
List Price:  MX$1,817.27
You save:  MX$545.23
QR255.11
List Price:  QR364.45
You save:  QR109.34
P929.85
List Price:  P1,328.42
You save:  P398.56
KSh9,053.35
List Price:  KSh12,933.92
You save:  KSh3,880.56
E£3,329.42
List Price:  E£4,756.52
You save:  E£1,427.10
ብር10,855.98
List Price:  ብር15,509.21
You save:  ብር4,653.22
Kz64,180.83
List Price:  Kz91,690.83
You save:  Kz27,510
CLP$64,522.38
List Price:  CLP$92,178.78
You save:  CLP$27,656.40
CN¥494.83
List Price:  CN¥706.93
You save:  CN¥212.10
RD$4,457.42
List Price:  RD$6,368.01
You save:  RD$1,910.59
DA9,096.04
List Price:  DA12,994.90
You save:  DA3,898.86
FJ$158.20
List Price:  FJ$226.02
You save:  FJ$67.81
Q536.11
List Price:  Q765.90
You save:  Q229.79
GY$14,642.82
List Price:  GY$20,919.21
You save:  GY$6,276.39
ISK kr8,957.32
List Price:  ISK kr12,796.72
You save:  ISK kr3,839.40
DH646.42
List Price:  DH923.50
You save:  DH277.07
L1,190.84
List Price:  L1,701.28
You save:  L510.43
ден3,703.97
List Price:  ден5,291.61
You save:  ден1,587.64
MOP$561.24
List Price:  MOP$801.80
You save:  MOP$240.56
N$1,186.17
List Price:  N$1,694.61
You save:  N$508.43
C$2,575.68
List Price:  C$3,679.70
You save:  C$1,104.02
रु10,068.30
List Price:  रु14,383.90
You save:  रु4,315.60
S/235.26
List Price:  S/336.10
You save:  S/100.84
K296.99
List Price:  K424.29
You save:  K127.30
SAR262.67
List Price:  SAR375.25
You save:  SAR112.58
ZK1,611.64
List Price:  ZK2,302.44
You save:  ZK690.80
L306.03
List Price:  L437.21
You save:  L131.17
Kč1,454.63
List Price:  Kč2,078.14
You save:  Kč623.50
Ft22,958.11
List Price:  Ft32,798.71
You save:  Ft9,840.60
SEK kr657.94
List Price:  SEK kr939.95
You save:  SEK kr282.01
ARS$101,210.03
List Price:  ARS$144,591.95
You save:  ARS$43,381.92
Bs483.64
List Price:  Bs690.95
You save:  Bs207.30
COP$265,903.70
List Price:  COP$379,878.72
You save:  COP$113,975.01
₡34,188.19
List Price:  ₡48,842.37
You save:  ₡14,654.17
L1,843.36
List Price:  L2,633.48
You save:  L790.12
₲481,359.76
List Price:  ₲687,686.28
You save:  ₲206,326.51
$U2,737.34
List Price:  $U3,910.65
You save:  $U1,173.31
zł254.25
List Price:  zł363.23
You save:  zł108.98
Already have an account? Log In

Transcript

Alan Friesen here certified Employee Benefits specialist with another tip to help you get the best value out of your employee benefit program. This one I guess is more of a cautionary tale than a tip. the Canada Revenue Agency has some rules that they use to determine if somebody is an employee or somebody on contract. So why does that matter to you? Here's why. If you add people on to your employee benefit program, who you regard as a contractor, they regard themselves as a contractor.

That might be something that tips the the scale in terms of Canada Revenue Agency saying no, no, you're an employee, he not a contractor. Basically, they have a list of 10 items that they look at, who controls the work, who owns the tools, who decides where to go where those kind of things, one of those is it If that individual is on the Employee Benefit Program of the employer. So here's the concern. you regard the person as being a contractor. They regard themselves as a contractor. Later on Canada Revenue Agency does a review, and they tick off their little list.

And then the one about them being on the Employee Benefit Program means that they regard the person as an employee, not a contractor. Now it happens, they go back 234 years and say you owe you owe CPP. So, obviously, that's a situation you want to avoid. So you can include contractors on your employee benefit program, but the question is, will CRA still buy the argument that they are a contractor if they are on your employee benefit program? So if I can help you with any additional information, look me up. I'm on LinkedIn and Google Plus, or give me a call and I would gladly help you.

Thank you much.

Sign Up

Share

Share with friends, get 20% off
Invite your friends to LearnDesk learning marketplace. For each purchase they make, you get 20% off (upto $10) on your next purchase.