Posts Categorized: Employment

19 Tax Planning Tips for Year End 2019

Yearly Planner December

YEAR-END TAX PLANNING December 31, 2019 is fast approaching… see below for a list of tax planning considerations. Please contact us for further details or to discuss whether these may apply to your tax situation. SOME 2019 YEAR-END TAX PLANNING TIPS INCLUDE:  1. Keep Track of Eligible Expenditures Certain expenditures made by individuals by December… Read more »

Tracking Ownership Information Changes

Businessman

Over the past few years there has been much discussion at both the federal and provincial levels in respect of increased disclosure and tracking requirements of beneficial owners (those who may be considered owners even if not on title) of various types of property. Recent changes to the Canada Business Corporations Act, which came into… Read more »

Employee Uniform Taxation

Man wearing safety equipment

In an April 17, 2019 Technical Interpretation, CRA was asked whether clothing reimbursements paid to maintenance employees were taxable benefits. Employees were not required to wear specific uniforms and were reimbursed based on receipts, to an annual maximum. CRA referred to Guide T4130 Taxable Benefits and Allowances, which states that clothing is generally a personal… Read more »

Special Work Site Allowance

In a January 29, 2019 Technical Interpretation, CRA discussed the criteria for tax-exempt allowances for board and lodging received for periods an employee was working at a special work site. To be a special work site, the following criteria must be met: the work performed at the location must have been of a temporary nature;… Read more »

Claiming Employment Insurance While Working Part-Time

As of August 12, 2018, the “Working While on Claim” program became a permanent part of the EI system. Prior to the program, an individual could earn a very low weekly amount, after which the EI benefit would be eroded on a dollar for dollar basis of earnings. Under the new rules, a person who… Read more »

Employment Standards Act Update

Employee Collaboration

Bill 148, the Fair Workplaces, Better Jobs Act, 2017 is now in effect. The bill included substantial changes from the previous act. We have summarized these changes below. For more detailed information on how the these changes may affect you or your employees click here. Classification of Students and Interns There is an addition to… Read more »