The Reasonableness Test to Resolve Income Sprinkling in Canada

posted in: Payroll Basics, What's Happening | 0

Finance Minister Bill Morneau has recently revealed changes in the Income Tax Act, affecting small businesses all over Canada. The change in the Tax Act was revealed during the summer, heavy with criticism and controversy, addressing the illegitimate use of … Continued

Retro Payments

posted in: Payroll Basics | 0

Considered to be in the same category as a bonus, a retro payment will tax the employee on a higher tax bracket than a regular pay cheque.  This happens because CRA (Canada Revenue Agency – better known as the “government”) … Continued

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