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Ask HN: Canadian incorporated employees, how do you deal with the CRA risk?

1 pointsby adetrestover 6 years ago
More and more companies demand that you as a developer work for them as an incorporated employee: you should be an employee (9-5, no autonomy, 40h&#x2F;week, cannot subcontract, told where when and how to do the work) but they want to pay you as a contractor to save money and let you go easily. They demand you incorporate so that when the CRA catches you and deems you a personal services business or incorporated employee, you are personally on the hook for the 40% tax rate and penalties rather than the employer&#x2F;client if you were not incorporated.<p>Small startups do it, huge corporations do it (banks, telcos...) It looks like an offer for these jobs is contingent on incorporating and taking on the risk.<p>How do you deal with this situation? Is the risk worth taking? Have you been caught and it ruined your life + profits? Did you pass on the job or were you able to work as a proper employee?

1 comment

frunzalesover 6 years ago
The &#x27;get incorporated&#x27; trend has certainly been more noticeable in the past couple of years.<p>Generally speaking I do not give course to such employment offers, in other the tax rate for incorporated individuals&#x2F;small business is too high.<p>In regards to thw reasoning behind this, I believe it&#x27;s mostly a question of company culture and perhaps the expenses the employer needs to pay (gov tax, etc).
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