Independent Contractors Are Responsible for Their Own Payments to Canada

question 51

True/False

Independent contractors are responsible for their own payments to Canada Revenue for deductions required under the Income Tax Act.

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Definitions:

Fixtures

Items that are originally personal property but become real property when attached in a permanent manner to land or a building.

Lost Property

Property that is found where it appears to have been left unintentionally, such as items lost by their rightful owner.

Mislaid Property

Items that the owner has intentionally placed somewhere but then forgotten, differentiating from lost or abandoned property.

Abandoned Property

Property that has been discarded by its owner, who has given up all right, title, and interest in it.