CRA labelling your SMB as a PSB
I am a one-person incorporated SMB that is doing contract work through a talent agency.
How likely am I going to be labelled a PSB? All the articles I see are for "IT contractors", does that term include designers?
Apr 16th, 2017 7:55 pm
Apr 17th, 2017 3:12 pm
Apr 17th, 2017 7:20 pm
Do you do work for multiple people. You say through an agency. But does this mean you have multiple people/companies that you do work for? Do you set your own hours, have a choice of what work you accept, etc?
Apr 17th, 2017 8:11 pm
I currently only do work for one agency.
Apr 17th, 2017 9:49 pm
You are a PSB.newinc wrote: ↑Apr 17th, 2017 8:11 pmI currently only do work for one agency.
I set my own hours as in I don't need to work 9-5, but I am expected to keep a timesheet of the hours worked. If I need a day off, I assume I just don't bill for it and let both parties know.
As far as having a choice of what work I accept, I don't. But, in what situation would you ever be able to sign a contract to work for X amount of time and then refuse to do the work and expect to get paid?
Apr 17th, 2017 11:38 pm
Apr 18th, 2017 12:06 am
Thanks for the heads up!van800 wrote: ↑Apr 17th, 2017 11:38 pmCRA is actively sending out questionnaires to companies that are flagged up as potential PSBs. I received one myself.
If I were you, I would start doing some work for other clients. It doesn't need to be much at all.. At least then you'll have more than one client and you might pass an audit.
Apr 18th, 2017 8:14 am
Apr 18th, 2017 8:26 am
Did it look like this one? Looks like a useful resource to be aware of as well as the CRA information circular RC4110 on employee-vs-contractor.
Apr 18th, 2017 1:55 pm
Yeah it was something like that.
Apr 21st, 2017 11:36 am
In my case, Company X (my company) is paid by Company Y (talent agency) but I work for Company Z (the company I actually do the work for).