Any of you Canadians employed as incorporated drivers? I had called about a run, turned out to be “driver inc” job. Nice run but .60 cpm,,,I’m thinking too lean considering only meals can be expensed. I’d have to have accountant figure out the sweet spot
Drivers Inc
Discussion in 'Canadian Truckers Forum' started by '88K100, Sep 16, 2020.
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BigHossVolvo, peterd and Phantom Trucker Thank this.
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^It’s not illegal, CRA just does not like the fact they would have to actually do their job to collect taxes from many of the INC drivers who neglect to submit income tax.
Last edited: Sep 17, 2020
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There's nothing illegal about it. You register a company with the CRA, and your accountant goes over how much you make and based on that calculates your expenses. According to those calculations, how much you provincial and federal tax you owe is determined. It's not like you totally evade having to pay taxes
'88K100 Thanks this. -
Last edited: Sep 17, 2020
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Legal or not why would you want to work as a "Driver Inc". The only reason guys go this route is to avoid taxes. There are plenty of bottom feeder scab outfits doing the Driver Inc thing and most of them wouldn't be worth working for . Why not just go and work for a company that does things right.
NorthEastTrucker, 3noses and Phantom Trucker Thank this. -
A Driver Inc job should pay more than a standard employee. You now have to cover both halves of CPP, which is over 10% now a days. The only savings would be Employment Insurance which you won’t be eligible to collect.
If a company is caught, they don’t go after you. They go after the employer.'88K100 Thanks this. -
Driver inc is very common in the industry within Canada. The current company I work for pays 57 cents per solo mile on payroll and 0.63 cents on driver inc.
There's literally drivers in my company who have been driver inc for 20+ years and have had no issues with CRA. Even after being audited there still isn't any issues. I'm talking about incorporated company drivers of course.
I'm guessing the CRA just doesn't care, as long as you pay something at the end of the year. -
every penny, with interest. Don't do it, not worth it.Phantom Trucker, not4hire and uncleal13 Thank this. -
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