Some of the things you'll have to account for in terms of fines:
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Back pay wages you should have paid, including any overtime and minimum wage
requirements.
Penalties for late filing federal and provincial taxes, as well as back pay the taxes owed
to the government.
Benefits like health insurance, etc. and pay workers' compensation for any
misclassified employees who were injured on the job.
Determining Your Worker's Status With the CRA
If you are still unsure whether you are hiring your first employee or contractor, you can
use the CRA's Guide RC4110 to determine a worker's employment status.
Key Takeaways
It is better to stay compliant with the CRA by fully understanding the differences
between employees vs contractors.
The CRA looks at two things when determining a worker's employment status - the
intent of the relationship, and the amount of control the worker has on the job.
Avoid hefty penalties by using the CRA's RC4110 guide to determine if you have hired
an employee or a contractor.
