Contract for Incorporated Business
When Are You An Incorporated Employee?
I have incorporated IT business. I know that in order not to be incorporated employee I need to have more than one contract. What if I have only one contract and couple of invoices for provided service. May I to be considered as incorporated employee by CRA? Or in my case I do not need to worry.
You need to read my chat on Personal Corporations
Then you might want to check out this chat on Employee vs Self Employed
.The Blunt Bean Counter
has an excellent blog titled Is Your Corporation a Personal Service Business?"
In it he actually discusses why CRA cracked down IT consultants. He says, "If you only have one or two clients and your corporation does not employ more than 5 full-time employees, and you do not meet the criteria I discuss in my contractor blog, you risk being characterized as a PSB".
I think you need to discuss your situation with an accountant.