Thanks! I just finished up calculating this benefit for yr 2013...for past 3 years, I'll revise them accordingly. Yikes! (I wasn't the one who took care of the payroll before.) what a pain :(
-sharon9701(zhuzhu);
2014-2-4(#78755@41)
Agree. Bad for this employee..all of sudden owes a lots tax.
-sharon9701(zhuzhu);
2014-2-4(#78756@41)
en...actually this former-ee was let go, but probably the final settlement and the way this ee handled upset bosses...anyway I decide not to be involved.
-sharon9701(zhuzhu);
2014-2-5(#78807@41)
这种BENIFIT公司也要交EMPLOYER PORTION CPP EI 吧?
-yifeitong(平湖秋月);
2014-2-5(#78805@41)
Yes. I think it'll affect cpp, ei, and corporate tax. Did I miss anything?
-sharon9701(zhuzhu);
2014-2-5(#78806@41)
1) possible penalties from CRA for failing to report taxable benefit.
2) high possibility to get CRA audit :)
-erin_mills(临时工);
2014-2-5(#78813@41)
Get an explanation letter with the submission. I don't think CRA would put alert on voluntary exposure.
-laurali2013(Laura);
2014-2-5(#78816@41)