Employment income

Question 1

When is employment income earnings deemed to be received

Answer 1

the earlier of the actual payment date and the date on which the individual becomes entitled to the payment

Question 2

When is employment income for directors deemed to be received

Answer 2

the earlier of the actual payment date, the date the individual becomes entitled, the date on which the earnings are credited, the last day of the period of account, the date on which the earnings are determined

Question 3

When are expenses encurred by employees allowable deductions

Answer 3

if the employee is objiged to pay the expense and if it is wholly, exclusively and necerssarily in the performance of employment duties