Results for news with "Federal"

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November 12, 2013 - Resources - Tools
Tag(s): Federal

Suggestions on How to Safeguard Your Self-Employed Status

Over the past few years the term “PSB” referring to a Personal Services Business has been given some notoriety in the media with the suggestion that individuals who provide their services through a corporation are in some way avoiding their tax obligations and...

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October 29, 2013 - Resources - Tools
Tag(s): Federal

The History of the PSB

The Income Tax Act has a clause Section 125(7) which was drafted to respond to a tax avoidance strategy. That strategy involved an employee resigning his/her position, forming his/her own corporation and then entering into a contact with his/he former employee to provide the same services back to his/he former...