Tag Archives: T4 reporting

T4 Reporting for Overpayments

One of the greatest embarrassments in payroll is to discover that employees have been overpaid. Recently, I wrote about limitations on the employer right to recover such amounts from subsequent gross pay. Now we look at how to treat overpayments, … Continue reading

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Have SIN card changes been well thought out?

In its 2012 omnibus budget bill, bill C-38, the Harper government gave itself the ability to eliminate the use of physical Social Insurance Number cards. According to an article in the May 16, 2012, issue of the Globe and Mail, … Continue reading

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Stock Option Benefit Source Deduction and Reporting

Administering stock options can be challenging for payroll, particularly where the persons concerned are no longer employees and there are no other earnings from which to make source deductions. These challenges increased after the related income tax source deduction requirements … Continue reading

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Banked Overtime – When must source deductions be taken?

Banked overtime is a common payroll practice. When overtime is banked, the issues that arise usually deal with whether dollars or time are banked, how long overtime may be kept in the bank and the rate at which banked overtime … Continue reading

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What’s the province of employment when paying a retiring allowance?

Everyone knows the importance of the province of employment. First, getting this right is fundamental to correctly calculating income tax source deductions, since these are in part based on legislation specific to the province concerned. Second, since the province of … Continue reading

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