Employee set-up VS. Incorp Employee

Absolutely. WSIB is 100% employer expense. You don't have to offer benefits, but most companies do. You could offer higher pay in lieu of benefits. Benefits are figured at roughly 15% bonus on top of wage.

 

I don't know, I just pay it. Many of my customers demanded it. Easy to make certificates and keep everyone happy. I agree it is just another money grab.

 

There is alternatives for independent contractors. For a company driver i don't think its a good option. You'll have to make some calls to get the real answers.

 

I have always said: You can be a great mechanic or even a plumber but due to being a bad
business person or just knowing very little about operating a business you can fail. Being a great truck driver is one thing. Operating a small business is another. Do you have your own authority? Or are you just contracted out to a large carrier? I think you need some help. Maybe a mentor or some short courses on running a business. Try and get some help from a trucker friend. Or??

 

I am a retired businessman. No degree. But if I were going into another business trucking would be my last choice. I am a company driver for 6 months a year . Very hard to make a buck. Too many regulations and too many outfits willing to work for nothing. Maybe if one had a niche clientele.

 

IMO there is only 2 ways to calculate drivers compensation. One is by percentage and the other is based on how the truck is paid. If the truck is paid by the mile, the driver should be paid by the mile. If the truck is paid by the hour, the driver should be paid by the hour. If the truck is paid by the load, the driver should be paid by the load and so on. That way it is simple math to set a pay rate. If the truck is paid by the mile and you pay the driver by the hour, (or vice versa) you have no way of budgeting human resources costs. You will invariably end up overpaying or underpaying your driver.