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