contractor versus employee |
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citronela
Junior Member Joined: 22 Sep 2010 Location: Waterloo Status: Offline Points: 24 |
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Posted: 29 Sep 2010 at 10:07am |
Hello
I have a question. What does it mean when you work as a contractor for a company. What are the differences with being an employee of the company? Thanks for your answer kind regards citronela |
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tanushree.tiku
Top Member Joined: 12 Jan 2010 Status: Offline Points: 801 |
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contractor means u work on a contract basis with the company..so for eg a 6 month contract, u get paid by the hr.... in a contract there r usually no benefits like EI, insurance but then the pay is higher...for most of the companies when u work as a contract employee, u will need to incorporate ur own company in order to work as a contract employee
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kitincanuck
Junior Member Joined: 14 Jul 2010 Status: Offline Points: 84 |
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U also have the choice of sole proprietorship but then again it depends on the company hiring you. Most have no problems hirng under either one. There are certain tax benefits to being incorporated but you really should consult an accountant or tax lawyer. This only applies to contracting. However u need to be careful of you definition of contract. You need to be defined as an independent contractor to be considered a contractor under the CRA
Edited by kitincanuck - 15 Oct 2010 at 7:21pm |
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ajgodinho
Average Member Joined: 04 Aug 2010 Location: Mississauga Status: Offline Points: 176 |
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Hi citronela, you can also be a contract employee working for a company but being paid through an employment agency. In this case, you are not a sole-proprietor or incorporated.
You basically, work on a short-term basis (depending on the duration of the contract, which may be renewable) for the company and submit your time-sheets to the employment agency (not to the HR department of the company you're working for). Taking on a contract job is a good way to get your foot into the door and get some Canadian experience. It worked very well for me when I first came to Canada over a decade ago. Cheers! :) |
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citronela
Junior Member Joined: 22 Sep 2010 Location: Waterloo Status: Offline Points: 24 |
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Thank you very much for the information
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Stephanie
New Member Joined: 18 Jul 2011 Status: Offline Points: 2 |
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As an employee, can get more experience in your professional career and paid by the Company but you are not the owner.
Virginia Basement Edited by Stephanie - 29 Aug 2011 at 9:25am |
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hrcanada1
Junior Member Joined: 16 Jul 2011 Location: Canada Status: Offline Points: 9 |
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Wow thank you all for your insightful comments, this really puts things
in perspective. I appreciate all who have had a say in this matter.
Truly. trainers are never going to be honestly happy until we get our
own studio, hands down! Yes....owner is very greedy!
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Dale46
New Member Joined: 02 Nov 2011 Status: Offline Points: 5 |
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Yes all of these are completely accurate. Contracted positions often don't have good benefits, and are sometimes not a set number of hours. For example, a company might hire someone to work with a group of movers if they have a lot of homes to move in a certain week. The company would have employees that are hired all year round, but if they need more for a temporary amount of time, they would contract some more people.
Edited by Dale46 - 19 Nov 2011 at 5:24pm |
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Stephanie
New Member Joined: 18 Jul 2011 Status: Offline Points: 2 |
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It will be true that Taking on a contract job is a good way to get your foot into the door and get some Canadian experience. virginia contractors
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