Contract Vs. Permanent

Contract Vs. Permanent

What We Sell

Corporate Taxes

We use cloud accounting software and intuitive digital resources to streamline small business accounting and bookkeeping. Our processes are simple and easy to follow.

Personal Taxes

Filing your personal taxes with CPA4IT is quick and easy. Whether you are an employee or self employed we have you covered with our customized personal tax services.

Bookkeeping

Our 3 step approach to growing your business starts with the basics, getting the numbers right. Before you can set a plan for where you want to go, you must know where you are today.

Incorporation

Incorporating your first business may feel overwhelming. But, with our process the hardest part is choosing a name. Our experienced advisors will guide you through the process.

Audit Protection

Audits can be very stressfull and time consuming for everyone involved. Get the peace of mind oyu need with our audit representation protection.

PSB Risk Assessment

PSB risk is the greatest risk facing the independent contracting market. A personal services business will endure hefty tax expenses, are you at risk?

Industry Benchmarking

Industry benchmarking is an important tool to help small business determine their overall levels of efficiency. See how you compare to industry averages.

Business Coaching

Grow the value of your business by drawing on our 30 years of experience. Our accountability advisors can help you develop your plan for growth.

Our employee vs Incorporation calculator has been designed to let you compare two job opportunities, one permanent and one on contract through a corp.

The calculator will show the total taxes and cost of benefits for each.

 If the contract is available either through a corporation or a sole proprietorship you can compare differences between taking a contract as a sole proprietor vs an incorporation on our Sole Proprietor vs. Incorporation Calculator.

Province:

Incorporation Options

Hourly Rate:
Annual Salary(paid from corp to owner)
This is the amount of money you will take out of the company personally to pay for personal lifestyle expense that are above and beyond the expenses paid for by the corporation.Your goal is to keep this amount as low as possible. If you aim for between $40,000 – $45,000 this will keep your personal taxes in the lowest tax bracket.

Employment Options

Annual Salary:
Vacation days
Sick Days:
Statutory Holidays:
Benefits:

The following are calculated using industry average values. Please adjust to suit your specific circumstances to get more accurate results.
Contract Income
Automobile
Depreciation
Rent/Home Office
Advertising
Business Promotion
Travel
Consulting Fees
Sub-Contracting
Accounting Fees
Computer Supplies
Employee Benefits
Office Supplies
Telephone
Education and Seminars
Professional Fees
Books and Periodicals
Insurance
Wages
Bank Charges
General Expenses
Interest
Repairs and Maintanence

Manage Your Finances With CPA4IT

A great accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. We have developed accounting strategies designed to help you maximize your financial benefits. Our services include all the important aspects of your finances, such as accounting, bookkeeping, incorporation and business coaching. If you need a small business accountant, reach out to us today.

Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.

Book A Free Consultation

Got questions? We’ve got answers! Use the link below to book a time to chat with one of our experts.

Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.