Articles & Resources

Cash

Holding Corporations

By Jaden Evanson | March 8, 2021

Holding corporations are used to achieve certain tax and/or legal benefits. They can be introduced into the corporate structure at anytime. So, what is a holding corporation? A holding corporation (hereafter “holdco”) is a regular corporation that is placed between the individual shareholder(s) and the operating corporation(s) (“opco”). Simplified, the individual owns shares of the…

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Employee Versus Contractor: Part 4 (Personal Services Business)

By Jaden Evanson | February 7, 2021

Part 4: What if a Corporation is an Employee Back in Part 2 of Employee Versus Contractor, we mentioned that if an employee tries to incorporate, that they are assessed as a Personal Services Business (or “PSB”). Let’s take a look at what this means The CRA often refers to PSBs as “incorporated employees”. Essentially,…

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Employee Versus Contractor: Part 3

By Jaden Evanson | February 5, 2021

Part 3: What are the Impacts to the Payer? Here we are specifically going to explore why a payer may intentionally want to pay a worker in a specific way. Usually, a payer would prefer to pay their workers as if they were independent contractors. Why is this? The payer does not need to calculate,…

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Employee Versus Contractor: Part 2

By Jaden Evanson | February 3, 2021

Part 2: How is it Different for the Worker? In this entry of our series on exploring the difference between employees and contractors, we are going to explore some of differences that the worker experiences. The simplest way to do this is to compare the two of them side by side: Employee Independent Contractor At…

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Employee Versus Contractor: Part 1

By Jaden Evanson | February 1, 2021

Part 1: Determining the Difference This is an oft asked and fought over question. Deciding if an individual providing services is doing so as an employee or as a contractor is not dependent on what the payer or the worker *wants*, but on the *facts* of the situation. This is critical to realize! It means…

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Covid

COVID-19 Update

By Jaden Evanson | January 28, 2021

To do our part to follow government regulations and help manage the spread of COVID, our office has put the following protocol in place: All meetings with staff or partners must be booked in advance. Meetings will take place in our boardroom. We encourage in-person meetings to have as few people attend as possible to…

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