PCSI Solution For Contractors
What if we told you there was a way to mitigate your risk of being reclassified as a PSB by the CRA? And that you would have a legal defense fund available should the CRA re-asses you as a PSB?
The solution: PCSI Certification
Here’s how it works…
PCSI Certification allows contractors to continue to enjoy the numerous financial, tax and work-life balance advantages but without the risk of being reclassified as a PSB by the CRA. It’s an easy solution to implement. A contractor becomes PCSI Certified by enrolling in the PCSI Partnership. The enrollment process includes completing the applicable documents and making a one-time capital investment of $100. Annually you will receive a return on that investment.
PCSI Certification also allows organizations to continue to use the same contractor model even as the contracting model quickly evolves in Canada.
PCSI Certification costs a lot less than one would think for this type of protection. The benefits far outweigh the costs.
Everyone involved wins!
Cost / Benefit Analysis
Becoming PCSI Certified
PCSI provides ongoing support to each contractor as they take the simple steps to becoming PCSI Certified.
While our partnership solution is relatively simple to work with, few independent contractors have ever had experience working in a partnership structure. Our experience tells us that the best way to explain our model and address your questions is to speak with you directly. We will explain our model in as much detail as you need, answer all your questions and determine if our solution is a good fit for you. Once you choose to proceed we will walk you through the paperwork step by step.
Working as a PCSI Certified Contractor
You remain completely autonomous in making your own decisions surrounding your selection of clients and contract negotiations.
The impact to your normal invoicing process will be minimal.
- The PCSI Certified contractor sends their approved time sheet with an invoice to PCSI
- PCSI manages the invoicing with the organization (your end client)
- The organization pays the invoice to PCSI
- The PCSI Certified contractor receives payments via EFT from PCSI
How is the PCSI Solution Different?
There are three primary distinctions between the PCSI Solution and some of the more familiar yet less reliable “risk mitigation tactics” that contractors may have used in the past:
- Current Case Law supports our protection offered to employers and independent contractors
- We offer a unique model to independent contractors that significantly mitigates financial risk for both contractors and employers
- The PCSI Solution is CRA Compliant