CRA Ends 14-Year Break - Truckers Losing Millions

The Canada Revenue Agency has officially ended a 14-year moratorium, putting incorporated truck drivers across Canada at risk of Personal Services Business (PSB) reclassification — which can mean higher taxes, denied deductions, and larger reassessments.In this video, you'll learn:• What the CRA's moratorium was and why its removal matters• Why Budget 2025 allocated $77 million to enforcement in this area• What a Personal Services Business (PSB) is and how the CRA defines it• The employee vs. contractor test the CRA uses for truck drivers• Why the CRA and labour authorities are now sharing information• Practical steps incorporated drivers and trucking companies should take nowIf you're an incorporated truck driver, owner-operator, or run a trucking company using contractors, this is not something you can afford to ignore.Free Resource: Download the Employee vs. Contractor Checklist for Truckers at theadvisorstable.comSubscribe for more Canadian tax and business insights.Comment if you have questions — or if you'd like a follow-up video on voluntary disclosures or PSB audits.#AdvisorsTable #CRA #TruckDrivers #PersonalServicesBusiness #TaxAudit #DriverInc #CanadianTax #TruckingIndustry