- Hiring a person or Independent Contractor to perform a service?
- Paying an Honorarium to an individual?
Identifying the purpose of the payment is key in establishing what type of information is required when the payment is being made.
- What kind of relationship is there between the University and the individual?
- Should this payment be made through Accounts Payable or Payroll Services?
Many factors come into play when paying a person or Independent Contractor, and knowing some essential guidelines may assist in conducting business in compliance with University polices and procedures, and with Canadian Revenue Agency regulations. Being aware of specific policies and processes before hiring an Independent Contractor will reduce the possibility of delays in payment or possible redirection of payment to Payroll Services.