Contract for Service

  1.  Are contract workers covered by employers’ benefits?
    • No, contract workers are not employees, no employee benefits!
    • You will need to obtain your own benefits plan
    • Maximize personal contributions to an RSP and TFSA for retirement savings and future investments


  1. Do I need Business Insurance?
  • 24/7 Income Replacement insurance will guarantee a paycheque, tax free for as long as needed in the event of untimely injury or illness that stops you from working
  • Income Replacement plans that recognize total earned income from all sources are best suited to a professional working by contract


  1. Can a contract worker get a health and dental plan?
  • Yes, Individual health and dental plans can provide cash for services not covered by your provincial health insurance plan.
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