Do you own an incorporated business that provides consulting services? If so, you could be regarded as an employee of your clients, you run the risk of being called a personal services business. A personal services business is a characterization from the Canada Revenue Agency (CRA) that you definitely don’t want. Being characterized as a personal services business is a big problem, so you’re probably wondering if this could happen to you. How can you determine your personal services business risk? The best way to find out is to talk to your lawyer to evaluate your situation.
Want to know where you should start, and what questions to ask? Download this guide to help you determine your personal services business risk.