• Severance pay/Accounts receivable

    Employee is given a debt reprieve from Employer in a severance package. How do I post this..I need to credit the Receivables and debit the payroll. Client is using a Payroll Company. How do I report this to CRA.? Thank you.
  • T4s and gas card

    We have a new employee. He will be receiving a car allowance and a credit card. We will be paying for his gas without requiring him to submit mileage. We will be paying the credit card. How do I add it to his income? Our accountant said it must be added…
  • T4 Box 24 & 26 printing maximum pensionable earning instead of actual income

    All of the T4's printed have the maximum pensionable earning for the year on box 24 & 26 eventhough the income for the employee is lower. Is this correct? IE: box 14 = $49,813, box 24= 48,600 & box 26 = $52,500 the BC maximum amounts for 2014. Thanks…
  • Taxable Benefit

    I realize there have been some questions posed before but I am not quite sure they answer my question. First Part: The company has a pre-auth deduction of $700 from the chequing account for a premium they pay for group insurance. From the bank statement…