In the US they are squashing the 1099 - that would be our drivers Inc. model right?More inspections, fines coming to Driver Inc. fleets | InsideTransport.com
The carriers that applied and received CEWS better hope they didn't include their Drivers Inc/Subcontractors in the calculation. Lets hope that CRA gets moving on this sooner than later.
This is a great starts and publicly noting the potential charge that other companies have paid might bring them to consider quitting the practice all together. Now I know one of the reasons why I cannot compete with some of these guys. They now need to go to each and every one of their contractors and identify if they have submitted a yearly tax form.
As quoted in: More inspections, fines coming to Driver Inc. fleets - Truck News
Thirty-four trucking businesses were audited, and 21 had to pay net adjustments.
While most upward adjustments ranged between $305 and $21,784, four businesses accounted for about 90% of the totals that were paid:
- 2067485 Ontario Inc. (doing business as Trillium Roadways) — $310,692.78 for adjusted executive officer earnings, adjusted total earnings per T4 summary, and adjusted reported contractor earnings
- 2264236 Ontario Inc. (doing business as Ameri-Can Systems) — $206,854.05 for adjusted total earnings per T4 summary, adjusted other earnings not on T4 summary, and contractor earnings not reported
- Just on Time Freight Systems Inc. — $188,810.69 for adjusted total earnings per T4 summary, and contractor earnings not reported
- Hassan Habib Transport Ltd. — $141,990.09 for contractor earnings not reported, and adjusted reported contractor earnings