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How do I establish myself as an independent contractor?
Make sure you really qualify as an independent contractor. Choose a business name (and register it, if necessary). Get a tax registration certificate (and a vocational license, if required for your profession). Pay estimated taxes (advance payments of your income and self-employment taxes).
What is an independent contractor in Canada?
An independent contractor works on behalf of themselves. An independent contractor is someone who provides goods or services to a hiring company based on the terms and conditions of a contract. The Canada Revenue Agency (CRA) uses benchmarks to determine whether someone is an independent contractor or an employee.
What is the difference between a self-employed and independent contractor?
By definition, an independent contractor provides work or services on a contractual basis, whereas, self-employment is simply the act of earning money without operating within an employee-employer relationship.
What it means to be a independent contractor?
Independent contractors provide goods or services according to the terms of a contract they have negotiated with an employer. Independent contractors are not employees, and therefore they are not covered under most federal employment statutes.
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