Employee vs Contractor: What’s the Difference

By |2021-10-24T09:53:14+00:00December 11th, 2020|Business, Taxes|

The question of whether someone who works for you is an employee or a contractor is an important one. It’s the difference between someone being your employee or being self-employed. If handled incorrectly, there can be penalties for you as a business owner, as well as the worker.  The Canada Revenue Agency (CRA) provides a very detailed guide on the question: employee vs contractor. We break down the key things you need to consider below. Employee vs Contractor You might be wondering what difference it makes. Employee vs contractor, so what? The main concern is a person’s eligibility for employee benefits [...]

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Top 6 Things Business Owners Should Know About Paying Employees in BC

By |2021-10-24T09:53:18+00:00May 16th, 2017|Business|

1)   Statutory Pay – Employers must pay all eligible* employees an average days pay** on each statutory holiday regardless of whether they work or not. If the eligible employee does work on a statutory holiday they are entitled to 1.5X their normal pay (up to 12hrs and 2X thereafter) PLUS an average days pay. AKA closing shop does not get you out of stat pay but staying open is expensive! Statutory Holidays in BC: New Year’s Day, Family Day, Good Friday, Victoria Day, Canada Day, BC Day, Labour Day, Thanksgiving Day, Remembrance Day and Christmas Day. Note: Easter Sunday, Easter Monday [...]

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