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Why should you be an independent contractor and not an employee? Independent contractors in Canada have many more tax write-offs available to them and a much lower income tax rate than employees. This video will show you how to modify your employment agreement so that you can be treated as an independent contractor for tax purposes. Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharter... Add us on Google Plus - https://plus.google.com/u/1/108551869... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Table of contents 00:27 - Independent Contractor vs. Employee Differences 00:46 - Contract/Agreement Factors 01:04 - Control Factor 01:34 - Tools and Equipment Factor 01:57 - Financial Risk Factor 02:31 - Opportunity for Profit Factor 02:56 - Most Important Factor Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.