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income tax

June 9, Happy Tax Freedom Day 2017!

The Fraser Institute just announced that June 9 is Happy Tax Freedom Day 2017 (although the date varies depending on where you live in Canada). According to the Fraser Institute calculations, from that day onward, employees are finally working for themselves and their family. Moreover, if you had to pay all your taxes up front to different levels of government, you are now in the clear to keep the rest of your earnings until a new year begins.

 

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What’s new in Canadian payroll for 2016?

This year there are big changes to income tax thresholds in Alberta and federally (in force January 1, 2016), new source deduction remittance rules, increased minimum wages, a reduced TFSA limit, updated record of employment requirements and other important changes for 2016…

 

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Déductibilité du droit d’usage pour automobile/Deductibility from the right to use the automobile

L’avantage imposable d’un employé, relatif à l’usage d’une automobile qui affiche le logo de son employeur, peut-il être réduit afin de tenir compte du fait que l’employeur tire un avantage publicitaire? / Can the taxable benefit of an employee derived from the personal use and availability of an automobile displaying their employer’s corporate logo, be reduced to take into account the benefit that the employer derives in terms of publicity?

 

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Three popular articles this week on HRinfodesk

Three popular articles this week on HRinfodesk deal with defaming a former employee; deductibility of membership dues; and, limited notice of termination.

 

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A look at stock-based remuneration

Stock options are not really as complicated as one may think. In many cases, the challenge associated with the reporting of these benefits comes down to how the information is communicated to the payroll department.

 

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Three of the most popular articles this week on HRinfodesk

Three of the most popular articles this week on HRinfodesk deal with the definition of family member for Alberta’s new compassionate care leave; when to amend a T4A; and the termination of an employee for offensive Facebook comments.

 

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Most-viewed articles this week on HRinfodesk

The three most viewed articles on HRinfodesk this week deal with the difficulty of characterizing the employment relationship as that of independent contractor, the taxability of employer-paid membership fees and the high price of age discrimination.

 

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Fraser Institute announces tax freedom day dates across Canada

According to the Fraser Institute’s annual calculations, Tax Freedom Day arrives one day later than in 2011, when it fell on June 10. Monday, June 11, 2012, is Tax Freedom Day, the day Canadians have finally earned enough money to pay all the taxes they owe to all levels of government for the year and start working themselves.

 

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Happy tax freedom day!

As indicated by the Fraser Institute, June 6, 2011 marks tax freedom day! Canadians start working for themselves after paying off the total tax bill imposed on them by all levels of government. So what does that mean?

 

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Happy tax freedom day!

Canadians start working for themselves, not government on Saturday June 5. Celebrate Tax Freedom Day! So what does that mean?

 

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