• Personal Services Business (PSB) Risk

     Have you heard about personal services businesses?

    They are a CRA classification which can sometimes result in double or triple tax (yikes!). This form helps us assess your risk. 

    Read more here to be fulled informed: https://creeksideaccounting.ca/tax-blog/f/personal-services-business-risk-explained.

  • Basic Information

  • Control Considerations

  • Do you have control over how you perform your work and the manner it is performed in?
  • Do you have control over your own schedule and the time you carry out your work?
  • Do you have a supervisor or a direct manger who actively oversees your work?

  • Ownership of Tools & Equipment

  • Who provides the tools, equipment, and items used in your work?
  • Who provides mains tools, equipment, and items used in your work?

  • Risk of Losses

  • Are all of your expenses reimbursed?
  • Are you paid hourly or on a job by job basis

  • Degree of Integration

  • Do you work from your employer's location?
  • Is your client(s) a US company?
  • How many clients do you have?
  • Does your employer provide you health, dental, or stock benefits?
  • Do you have a contract stipulating you are an independent contractor?
  • Is your contract finite or indefinate?
  • Is it normal in the industry to have independent contractors?
  • Should be Empty: