Most incorporated IT contractors in Canada are paid by their staffing agency directly into the corporate account by EFT, weekly, with HST included. HST remittance, owner compensation, corporate tax, and T2 filing all fall on the corporation. Incorporation creates tax deferral and planning flexibility. It also creates more ways for the file to go wrong.
Routine corporate administration and specialist CPA work need different operating models. The starting point depends on the corporation's current condition and the judgment the work requires.
For an eligible one-owner service corporation with current books and complete digital records, whether it is operating routinely or genuinely inactive. SoloInc Complete and SoloInc Hold provide fixed-scope recurring compliance at clear monthly prices.
Compare SoloInc packagesFor Canadian IT professionals who are starting, behind on filings, changing structure, growing, closing, or dealing with an inactive corporation that has overdue filings, unresolved accounts or another non-routine matter.
Teplov CPA engagement detailsThese are the files where a corporate structure needs more than annual tax filing. Teplov CPA works with contractors placed through Procom, SI Systems, Hays, TEKsystems, Randstad, and other IT staffing agencies.
Three areas of specialist recurring work for incorporated contractors whose facts require customized accounting and tax advice. Ongoing work is coordinated through a Client Workspace. Routine one-owner corporations may be better served through SoloInc.
Salary, dividends and owner withdrawals need to agree with the corporation's books and the owner's personal cash needs.
A tailored review can examine withdrawals, shareholder balances, payroll and dividend records, corporate results and upcoming cash obligations. Recommendations and implementation depend on the scope agreed for the engagement.
Eligible one-owner corporations with routine activity may instead fit SoloInc after a suitability check.
Discuss my owner compensationPersonal services business risk is not solved by having a corporation, and it is not disclosed by the staffing agency. CRA looks through the agency relationship and examines the actual working arrangement at the end-client level. A contractor with one client, client-controlled hours, client equipment, and no real ability to substitute another worker may need review before relying on small business deduction assumptions.
The highest-risk profile in Canada is an incorporated contractor on a long-tenure federal government contract in Ottawa, placed through a staffing agency, working inside one department. If that describes your situation, a PSB review is worth doing before the next renewal. The review covers contract terms, working arrangement facts, and what documentation would support independence if CRA asked questions.
Detailed breakdowns of the decisions that matter most for incorporated IT contractors.
What a personal services business determination means, how CRA assesses it, and the tax and expense consequences for incorporated contractors.
→How incorporated Canadian IT contractors should compare salary and dividends for tax, CPP, RRSP room, cash flow, and corporate planning.
→How incorporated IT contractors should think about shareholder compensation, what CRA considers reasonable, and what salary creates that dividends do not.
→The $30,000 threshold, voluntary registration, input tax credits, and retroactive liability risk for IT contractors.
→A complete list of documents IT contractors need to file their 2025 T1 return, T2125 schedule, and GST/HST return accurately.
→Describe your corporation, clients, bookkeeping setup, GST/HST status, and any salary, dividend, or PSB concerns. Teplov CPA responds within one business day.
