SOAR Study on the Impact of the Government Directove on Term Limits for OIC Appointments

The SOAR Advocacy and Innovation Committee has published three documents of interest to the membership:

  • Study on the Impact of the Government Directive on Term Limits for OIC Appointments
  • Appendix to the Study on the Impact of the Government Directive on Term Limits for OIC Appointments
  • SOAR Report on Tax Status for Part-Time OICs

 

Change of Status of Part-time OICs

Part-time OICs have been informed that effective the 2014 tax year, they are considered to be employees for tax purposes but not for the purposes of the Canada Pension Plan.

At present there is some uncertainty about whether remuneration will be considered to be insurable earnings for the purposes of Employment Insurance. We will post further information as it becomes available.

Download the SOAR report on this issue, using the link below.

SOAR Report on Tax Status for Part-Time OICs Updated March 5, 2015

Let Us Know

SOAR is interested in hearing from individuals and tribunals about the impact of the Directive and the change in the status of part-time OICs.  

Please contact information@soar.on.ca so that we can collect further information on the impact of this issue. 

SOAR Report on the Exclusion of Part Time and OIC Appointees from the Canada Pension Plan

SOAR has recently published the below report regarding recent developments over the past two years, in which part-time and per diem Order in Council appointees are no longer considered to be self-employed for purposes of contributing to CPP. At the request of the Provincial government, the Federal government amended a Regulation to the CPP legislation the result being that part-time and per diem OICs income is considered to be exempt from CPP.