Financial or Economic Criterion

The financial or economic criterion is used to determine the nature of the financial relationship between you and your client or employer.

If you are a self-employed person:

  • you can earn profits
  • you can incur losses
  • you must cover your business's operating costs, such as the cost of meals, transportation and accommodation

If you are an employee:

  • you assume no financial risk as your employer covers the business's operating costs
  • you are entitled to annual vacation, paid leave and fringe benefits
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