RRSP

RRSP: Should professionals use it to save?

March 1, 2017 Jean-Pierre A. Laporte B.A., M.A., J.D. (of the Bar of Ontario) Payroll, Pensions and Benefits, Source Deductions and Reporting, Wages and Compensation

Unlike most Canadians who are not operating a business, many professionals have more options to them when it comes to retirement savings. The average Canadians employed by companies in the private sector will typically use the Registered Retirement Savings Plan or the Tax–Free Savings Account. The lucky few work for organizations that sponsor a registered pension plan, but their numbers seem to be declining every year as a percentage of the workforce not working in para–public employment.

employment law, GIS, Guaranteed Income Supplement, income in retirement, Income Tax Act, OAS, old age security, pension plans, pension rules, personal pension plans, Registered Retirement Savings Plan, RRSP, savings, savings plans, tax–assisted savings plans, tax–deductible contribution, Tax–Free Savings Account, TFSA

Three popular articles this week on HRinfodesk

June 12, 2014 Yosie Saint-Cyr, LL.B. Managing Editor Employee Relations, Employment/Labour Standards, Health and Safety, HR Policies and Procedures, Human Resources, Human Rights, Payroll, Pensions and Benefits, Source Deductions and Reporting, Wages and Compensation

Three popular articles this week on HRinfodesk deal with retiring allowance and vesting of pension benefits; after-acquired cause to justify termination; and workplace drug test.

after acquired cause, employer's pension plan, employment law, HRinfodesk, Income Tax Act, just cause for dismissal, just cause to terminate, Newsletter, retiring allowance, RRSP, soliciting illegal drugs, termination, terminations, vesting of pension benefits, workplace drug test

Three of the most popular articles this week on HRinfodesk

May 8, 2014 Yosie Saint-Cyr, LL.B. Managing Editor Employee Relations, Employment/Labour Standards, Health and Safety, HR Policies and Procedures, Human Resources, Payroll, Pensions and Benefits, Training and Development, Union Relations, Wages and Compensation

Three of the most popular articles this week on HRinfodesk deal with the MOL guide to OHSA basic awareness training; Saskatchewan new employment act; and earned income for RRSP purposes.

earned income, earnings loss benefit payments, employment law, employment relationships, HRinfodesk, Labour Relations Act, Newsletter, Occupational Health and Safety Awareness Training, OHSA basic awareness training, Ontario Ministry of Labour, RRSP, Saskatchewan Employment Act

Most-viewed articles this week on HRinfodesk

November 15, 2012 Yosie Saint-Cyr, LL.B. Managing Editor Employee Relations, Human Resources, Payroll, Pensions and Benefits, Source Deductions and Reporting, Wages and Compensation

The three most popular HRinfodesk articles this week deal with T2200 forms, penalizing employees, and 2013 rates for RRSP limits, YMPE limits, DPSP limits, Money Purchase limits, and Defined benefits limits.

2013 payroll rates, Canada Revenue Agency, CRA, defined benefits limits, disciplinary action, Disciplinary measures, dpsp, expenses, Form T2200, money purchase, penalize employee, RRSP, suspension, suspension without pay, Swiss Chalet, T2200, ympe

Tax and employment insurance issues when settling dismissal claims

February 2, 2012 Rudner Law, Employment / HR Law & Mediation 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