CRA Ends 14-Year Break — Truckers Losing Millions
How CRA's renewed PSB enforcement is putting incorporated truck drivers and owner-operators at risk of higher taxes, denied deductions, and costly reassessment.
Show Notes
The Canada Revenue Agency has officially ended a 14-year moratorium, putting incorporated truck drivers across Canada at risk of PSB (Personal Services Business) reclassification – which can mean higher taxes, denied deductions, and bigger reassessments.
In This Solo, You'll Learn:
• What the CRA's moratorium was and why its removal matters
• Why Budget 2025 allocated $77M to enforcement in this area
• What a Personal Services Business (PSB) is and how CRA defines it
• The employee vs. contractor test CRA uses for truck drivers
• Why CRA and Labour authorities are now sharing information
• Practical steps incorporated drivers and trucking companies should take now
If you're an incorporated truck driver, owner-operator, or run a trucking company using contractors, this is not something you can afford to ignore.
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