Aug 30, 2026 · 41 min · 11 segments
OWNER OPERATORS – BEWARE THE TAXMAN This is interesting, and confusing. Trucking industry people happy to learn earlier this year that the Canada Revenue Agency would finally crack down on personal…
Scott TaylorGuestJim ParkHostStan CampbellHostI think it's going to have or could have some long-term implications for owner-operators in the whole industry, at least as far as our relationship to owner-operators goes.
Can you give me a sort of a 10,000-foot view of what's going on? We've read a couple of really interesting stories in truck news in the past few weeks where CRA seems to be going after owner-operators, not just driver-ink drivers.
Can you kind of give me a 10,000-foot view of what CRA is up to here and what they're doing?
the trucking associations across Canada begging for assistance with the whole Driver Inc issue.
Obviously, the idea then being that they could go look for all the 123 Ontario Incs that received a T4A, but did or did not, I would argue we'll get into that later, even file a tax return.
So now that they've got those slips in their hands, they're out there looking for all corporate tax returns that have been identified by the filer as being in the trucking industry.
I have no idea which ones they're picking or not picking or what that mentality is, but they're going after those corporate tax filings and doing these reviews.
So people are getting these PSB review letters and then dealing with, and we'll just call it an auditor, it's the same thing, these auditors and giving them all sorts of documents and answering their questions.
And at this point, surprise, surprise, the problem is that legitimate owner-operators that are incorporated, own their own truck legitimately, are being assessed as a PSB corporation.
And when you get into the history of what a PSB even is, a personal services business, and is what the official, the long form is.
and limiting the expenses they can claim, increasing the tax rates that they have to pay, because again, this isn't something that they wanna have happen, because as soon as someone is a self-employed business, they can start potentially making all sorts of mistakes, not filing, filing things they shouldn't be, claiming expenses they shouldn't be, and they should be an employee.
I think it's going to have or could have some long-term implications for owner-operators in the whole industry, at least as far as our relationship to owner-operators goes.
Can you give me a sort of a 10,000-foot view of what's going on? We've read a couple of really interesting stories in truck news in the past few weeks where CRA seems to be going after owner-operators, not just driver-ink drivers.
Can you kind of give me a 10,000-foot view of what CRA is up to here and what they're doing?
the trucking associations across Canada begging for assistance with the whole Driver Inc issue.
Obviously, the idea then being that they could go look for all the 123 Ontario Incs that received a T4A, but did or did not, I would argue we'll get into that later, even file a tax return.
So now that they've got those slips in their hands, they're out there looking for all corporate tax returns that have been identified by the filer as being in the trucking industry.
I have no idea which ones they're picking or not picking or what that mentality is, but they're going after those corporate tax filings and doing these reviews.
So people are getting these PSB review letters and then dealing with, and we'll just call it an auditor, it's the same thing, these auditors and giving them all sorts of documents and answering their questions.
And at this point, surprise, surprise, the problem is that legitimate owner-operators that are incorporated, own their own truck legitimately, are being assessed as a PSB corporation.
And when you get into the history of what a PSB even is, a personal services business, and is what the official, the long form is.
and limiting the expenses they can claim, increasing the tax rates that they have to pay, because again, this isn't something that they wanna have happen, because as soon as someone is a self-employed business, they can start potentially making all sorts of mistakes, not filing, filing things they shouldn't be, claiming expenses they shouldn't be, and they should be an employee.
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