OWNER OPERATORS – BEWARE THE TAXMAN

This is interesting, and confusing. Trucking industry people happy to learn earlier this year that the Canada Revenue Agency would finally crack down on personal service businesses known as, Driver Inc. However, we learned in July that CRA was also targeting incorporated owner-operators – you know…the people who actually own their trucks and pay for fuel, maintenance, and other legitimate expenses. Why are they doing this? It goes directly against previously published guidance from CRA. Scott Taylor along with James Menzies of TruckNews.com, broke the story of CRA's misplaced and aggressive action against owner operators. CRA is disallowing all the owner-operators' legitimate expenses, leaving some of Taylor's

This week Jim Park talked to Scott Taylor Scott Taylor the vice-president of Transport Financial Services Group. Thank to our sponsor, Howes Products, makers of Diesel Defender, a diesel Fuel Lubricator & Injector cleaner with advanced IDX4 Detergent

You can read more details in the pages of Truck News Magazine

CRA's own guidance appears at odds with trucking PSB audits, critics say

CRA confirms focused trucking PSB crackdown amid concerns over owner-operator reviews

CRA crackdown threatens future of incorporated owner-operators