AFM231 Chapter Notes - Chapter 20: Independent Contractor, Occupational Safety And Health, The Employer

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM231
• Professor: Robert Timberg

Document Summary

Engaging the services of others provide the means by which a business can carry out its mission. Employment is a relationship that provides a livelihood for a large portion of society. Governed by common law with the exception of quebec. Federal: airline, broadcasting, railway, and shipping) 10% make laws affect employees of federal gov"t and regulated industries (banks, Provincial: make laws that affect everything else; employees of newspapers under here. Laws include human rights legislation, employee welfare legislation employment standards, occupational health and safety standards, and workers" compensation. A contract where one party, the employer, provides remuneration to another, the employee, in return for work or services. Independent contractor: a person who is in a working relationship that doesn"t meet the criteria of employment. Usually doctors or lawyers who aren"t actual employees of their clients. Benefits: tax savings, flexibility, and independence in arranging a work schedule. Employers like it cuz it"s simple and fewer financial and legal obligations.