BUSI 2601 Chapter Notes - Chapter 20: Canada Pension Plan, Unemployment Benefits, Independent Contractor
21 Jun 2016
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Employment relationship: contractual relationship where an employer provides payment to an employee in exchange for work or services. Independent contractor: a person who is in a working relationship that does not meet the criteria of employment: bene ts include tax savings, exibility, and independence in arranging a work schedule. Employees have certain statutory rights and bene ts, such as paid holidays and paid overtime, vs independent contractors. Employers have certain obligations with respect to employees, namely deduction of income taxes and employment insurance premiums, the payment of canada (or quebec) pension plan premiums, the provision of paid vacations vs independent contractors.
