Random Flashcards
1
Q
Incentives
A
- 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 - Non-monetary
Private health care plans
Continuous education
Flexible hours
1
Q
Risk factors/procedures when calc tax
A
- Acc income: may be overstated
- Capital gains: include BI in capital gain
- Dividends: confirm enough CDA, eligible/non eligible allocation
- Capital assets: confirm all assets are capital in nature
- Liab: confirm all included
2
Q
Status of associates
A