Tax Risk to all Contractors

[stevenw]

Business Release: March 11, 2011

NEWS for all Independent Contractors, Consultants, Project Managers,Recruiters and Staffing Agencies:

If the Canada Revenue Agency (CRA) finds your consulting company to be a “Personal Services Corporation” (PSC), you may face tax reassessments exceeding $100,000.

Google "cra personal services corporations"

 

[stevenw]

In short: Contracts will need to pay average 40% tax instead around 20% now.

 

[smartgirl]

平息了一阵，您又把这打击渥村村民的事拿出来说，很多人看了估计又要锤胸顿足了。

可恶的CRA到现在还坚持这个狗屁政策，如果有人对personal service business 这个issue 有最新更新的话，请分享。