What percentage of ownership must an individual have in a company to be classified as self-employed?

To be classified as self-employed, an individual typically needs to have at least 25% ownership in a company. This threshold signifies a significant level of control and influence over the business decisions and operations. Individuals with this level of ownership are usually able to make key decisions that affect the direction of the company, and as such, they are viewed as being in a self-employed capacity rather than as employees of that company.

Having less than 25% ownership generally indicates that the individual does not have enough control to be classified as self-employed. It is also important to note that the classification can vary slightly based on specific regulations or policies in different contexts, but the 25% mark is a common standard used in various financial and tax assessments in Canada.