Hacker News new | ask | show | jobs
by frunzales 2751 days ago
The 'get incorporated' trend has certainly been more noticeable in the past couple of years.

Generally speaking I do not give course to such employment offers, in other the tax rate for incorporated individuals/small business is too high.

In regards to thw reasoning behind this, I believe it's mostly a question of company culture and perhaps the expenses the employer needs to pay (gov tax, etc).

1 comments

> I believe it's mostly a question of company culture and perhaps the expenses the employer needs to pay (gov tax, etc).

I agree, it's the company wanting to evade taxes but getting you to incorporate so that all the risk is shifted on to you. I suspect it is also to lower your leverage because you don't get EI if laid off so they can push you harder without repercussion. Not even mentioning how easy it is to get rid of a contractor without notice or severance vs an employee.

I wonder why so many accept it, I suppose people don't realize how drastic the punishment is if you're deemed an incorporated employee and only think about today's savings by paying a 15% tax rate.