Employers, employees & shareholder employees

Payroll Administration
Payroll: What's New and Topics
T4: Information for employers
RC4120: Filing the T4Slip and Summary
T4130: Employer's Guide:Taxable Benefits and Allow
All Rates
Calculating deductions (special situations)
CPP Information page
CPP between ages 60 and 70
CPP Historical
EI Information page
EI Historical
QPIP: Quebec
Payroll Penalties
Benefits and allowances
IT 470 Employee Fringe Benefits
Gifts, awards and social events
Tuition fees, scholarships & bursaries
Scholarships:Enhanced Employee Incentive
Other Slips
T4A slips
T5018 Contract Payment Reporting
T1204: Gov't Contract Payments ($500+)
CRA & HRSDC Joint responsibility for CPP/EI
CPP Act (Justice website)
CPP Actuarial Report
Employment Insurance Act (Justice website)
Shareholder concerns
RC4110: Employee or Self-employed?
Line 229:Other Employment Expenses
S. 15 ITA Shareholder Benefits

Shareholder benefits - record on T4A Slip in Box 28 (yes that means S. 15(1) and (2) (no code provided, use Box 28) : Report on Line 130 of the T1 return 

S. 69 ITA Inadequate considerations

Note to watch:

S. 248(30, 31, 32) not yet enacted put an interesting spin on the calculation of ACB of property transferred at non arms length usually subject to a one side rule in S. 69(1)(c) that applies only to gifts, bequests and inheritances 

IT 419 Meaning of Arms Length

Are you selling inventory at cost to a non arms length person? You and the company must self-assess income under S. 69(1)(b) and S. 15(1) for shareholder appropriation of corporate property 

IT 405 Inadequate considerations: Acquisition &...

Food for thought...archived, but still an interesting discussion

S. 80.4(2) ITA Imputed interest

S.  80.4(2) Imputed interest on shareholder credit balances Box 28 Code 17 

S. 80.4(3)(b) ITA reversal

S. 80.4(3)(b) reversal when loan is taken in to income under S. 15(2) 

S.15(9) Deemed interest under S.80.4(2) offset

S. 15(9) deemed interest inclusion under S. 80.4(2) can be offset by deduction under S. 80.5 in some cases 

S.20(1)(j) ITA reversal

S. 20(1(j) reversal of income inclusion in year of repayment of shareholder loan - reported on Line 232 of T1 return 

IT 432 Benefits conferred on Shareholders
IT 169 Price Adjustment Clauses
GST/HST: G-400-3-2 Employee & Shareholder Benefits
Employee Life and Health Trusts
Blakes: Employee Life & Health Trusts
Feb 26, 2010 New Proposals

Replace with August 27, 2010 amendments!!!

Look for Employee Life and Health Trust:

 ITA 56(1)(z.2) half way down the Explanatory Notes document

Employee expenses Line 229
Summary of Information sources
Line 229 Other employment expenses
T4044 Employment Expenses Guide incl forms
T777 Statement of Employment Expenses




Copyright 2003-2018  Eileen Reppenhagen   Site Accessibility    Privacy policy    More legal stuff    Contact

Disclaimer: This website does not research or endorse any product or service appearing in links or advertisements anywhere on this site. 

I consider requests to update a particular page if there's an error or new information worth adding.

CRA has updated their website. If the link has a note that it's been archived, it's likely in their new Folio's or will be in the Folio's in the future.

If someone were to make an offer to purchase the rights to TaxDetective (Trademarked in Canada), I'm open to offers. 

Please do NOT rely on or use the information on this website as a basis for a course of action without obtaining appropriate professional advice, in writing. 

All Intuit®, QuickBooks® Software,Quicken® Software and Profile® Software trademarks remain the property of their respective holders, and are used only to describe the products discussed on this website.

Any usage of the above-mentioned marks anywhere in this website in no way indicates any relationship, endorsement, or affiliation with the holders of said trademarks other than specifically stated, for example, Certified QuickBooks ProAdvisor.