Random Flashcards

1
Q

Incentives

A
  1. Monetary
    Hiring bonus- taxable with EI
    Performance bonus-taxable with EI
    Profit sharing- taxable with EI
    Pension plans (RRSP match)- employer cont are not taxable at the time of contribution
  2. Non-monetary
    Private health care plans
    Continuous education
    Flexible hours
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1
Q

Risk factors/procedures when calc tax

A
  1. Acc income: may be overstated
  2. Capital gains: include BI in capital gain
  3. Dividends: confirm enough CDA, eligible/non eligible allocation
  4. Capital assets: confirm all assets are capital in nature
  5. Liab: confirm all included
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2
Q

Status of associates

A
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