Income Tax Act
October 23, 2012 Earl Altman Employment/Labour Standards, Human Resources, Payroll, Pensions and Benefits, Source Deductions and Reporting, Wages and Compensation,
Damages for wrongful dismissal are intended primarily to compensate the dismissed employee for income lost due to the dismissal. As such, the amount of such compensation, whether as a result of a settlement or a judgment by the court is, prima facie, taxable.
Canada Revenue Agency, compensation, contribution room, dismissed employee, EI benefits, employment insurance benefits, employment law, general damages, income lost due to the dismissal, Income Tax Act, legal fees, Notice of Assessment, repayment of expenses, retirement allowances, RRSP contribution room, Service Canada, settlement, settlement or a judgment by the court, statement of claim, wrongful dismissal
September 27, 2012 Yosie Saint-Cyr Employee Relations, Employment/Labour Standards, Human Resources, Payroll, Pensions and Benefits, Source Deductions and Reporting, Union Relations,
The three most viewed articles in this week’s HRinfodesk newsletter deal with the new EI benefit for parents with critically ill children, constructive dismissal and benefits for workers who work past 65 years of age…
balance work and family responsibilities, Canada labour Code, collective agreement, constructive dismissal, contract of employment, EI, EI benefit, EI parental benefits, employee benefits, Employer provided benefits, Employment Insurance Act, employment law, Federal Income Support, Helping Families in Need Act, HRinfodesk, Income Tax Act, repudiation of employment contract, repudiation of the employment relationship, sickness benefits
July 5, 2012 Yosie Saint-Cyr Employee Relations, Human Resources, Payroll, Pensions and Benefits,
On June 29, 2012, legislation for Pooled Registered Pension Plans (PRPPs) has been given Royal Assent.
employment law, Income Tax Act, pension option, pension plan, PRPPs, retirement, Savings plan
February 2, 2012 Stuart Rudner Employment/Labour Standards, Human Resources, Payroll, Pensions and Benefits, Source Deductions and Reporting, Wages and Compensation
Employment lawyers are generally quite adept at negotiating and resolving disputes arising out of the termination of an individual’s employment. We have all seen the statistics that only a miniscule number of dismissals result in a full trial and we know that in almost every case, it is better for the parties to reach a resolution than to proceed with litigation. That said, many traps exist in the settlement of a wrongful dismissal claim.
Canada Revenue Agency, CRA, Dismissal, EI benefits, Employment Insurance Act, employment insurance benefits, employment law, Income Tax Act, lump sum severance, negotiating and resolving disputes arising out of the termination, retirement, retiring allowance, RPP, RRSP, salary continuance, T4, T4A, tax withholding, termination, termination disputes, termination settlement, wrongful dismissal
October 31, 2011 Alan McEwen Payroll, Pensions and Benefits
We set up a Supplemental Unemployment Benefit (SUB) plan in the last year (also known as a top-up plan). How do I report the payments our employees received under the plan in 2011? Before answering this question, let’s clarify a couple of terms…
Employment Insurance, employment law, Income Tax Act, Service Canada, SUB plan, supplementary unemployment benefits, T4, T4A, Top-up plan