Pages

Thursday, May 17, 2012

Personal Service Business


Clarifying Your Status as a Self-Employed Consultant - How to ensure CRA does not consider you a Personal Service Business.

Our industry is constantly evolving. Over the past few decades, the IT workforce has adapted to meet changing market needs and economic trends. As organizations required more flexibility from IT professionals, the demand for private consultants began to increase. Contract work is now more common than ever, with a growing number of people becoming self-employed.
As an IT consultant, you are likely aware of the many benefits of self-employment. But you should know about some of the risks facing you today – and learn how to protect yourself against them.