Payroll
November 7, 2018 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Accounting Systems and Controls, Business and Legal Issues, Finance and Accounting, Fraud and Corruption, Payroll and Personnel Management, Records Management and Retention,
Payroll reports, if properly designed, prepared, distributed and reviewed, assist with more than just cost control—they can help to significantly improve several internal controls. Very simply put, internal controls include the activities, processes, policies and procedures which an organization implements to ensure that it meets its objectives.
accommodation, accruals, Apolone Gentles, attendance management, fraud, Internal Controls, Payroll, payroll reports
April 10, 2018 Occasional Contributors Finance and Accounting, Income Tax Planning / Tax Schedules / Remittances, Payroll and Personnel Management
It is important for employers, sooner rather than later, to start thinking about whether any changes need to be made to payroll costs in order to address the costs of an expanded CPP and whether amendments to pension and benefits plans will be required to accommodate the more generous CPP benefit.
canada pension plan, cpp, CPP benefits, CPP contributions, Federal Working Income Tax Benefit, Payroll, rrsp
March 15, 2018 Drache Aptowitzer LLP Board of Directors, Process and Responsibilities, Charities, Corporate Administration and Legal Matters, Finance and Accounting, Financial Management, Income Tax Planning / Tax Schedules / Remittances, Not for Profit, Payroll and Personnel Management
An issue came up when a CRA auditor queried CRA rulings. She had a file where she intended to assess the directors of a not-for-profit corporation for its failure to remit trust funds. The directors had retained legal counsel, who was of the view that directors’ liability does not apply to directors of a not-for-profit corporation.
director liability insurance policies, directors' liability, due diligence defence, employment law, HR, Human Resources, not-for-profit corporations, Payroll, personal liability for directors and officers, tax remittance
March 5, 2018 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Accounts payable and receivable, Corporate Administration and Legal Matters, Finance and Accounting, Financial Management, Payroll and Personnel Management, Uncategorized, Volunteers and Employee Relations
A bonus policy may state that employees who are eligible for bonuses must also be actively employed to receive their bonus payments. That is, employers may institute an “active employment clause”. Courts will uphold valid active employment clauses, as demonstrated by Bois v. MD Physician Services Inc., 2017 ONCA 857 (CanLII). MD Physician Services Inc. […]
active employment clauses, Apolone Gentles, bonus, bonuses, employee compensation, employment standards, Payroll
April 3, 2017 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Business and Legal Issues, Corporate Administration and Legal Matters, Corporate Governance, Finance and Accounting, Not for Profit, Payroll and Personnel Management, Sales, Marketing and Operations, Volunteers and Employee Relations
The case involved an ambiguity in a Maine statute dealing with overtime pay. Under the statute, employees involved in certain activities were exempt from the overtime provisions, so they were not entitled to overtime pay. A group of drivers in Oakhurst argued that they were entitled to overtime pay.
comma, Harvard Comma, legal writing, O'Connor et al v Oakhurst Dairy et al, overtime, overtime exemptions, overtime pay, Oxford Comma, Payroll, serial comma, statutory interpretation
March 15, 2017 Drache Aptowitzer LLP Charities, Corporate Administration and Legal Matters, Financial Management, Not for Profit, Volunteers and Employee Relations
As of January 1, 2017, the Employer Health Tax rules specific to charities have undergone a significant change that will benefit certain charities with multiple locations: If a registered charity has more than one “qualifying campus”, it can claim an Employer Health Tax exemption amount for each one of them separately.
EHT, Employer Health Tax, Employer Health Tax rules, employment law, Payroll, Payroll tax, qualifying campus, Registered charities
August 29, 2016 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Charities, Corporate Administration and Legal Matters, Financial Management, Not for Profit, Volunteers and Employee Relations
The Ontario Ministry of Finance is proposing a new regulation under the Employer Health Tax Act, to include special Employer Health Tax rules for registered charities. The new regulation could be effective as early as January 1, 2017.
charities, charity, comment on new Employer Health Tax rules, Employer Health Tax, Employer Health Tax Act, Ministry of Finance, Payroll, Registered charities
June 29, 2016 Occasional Contributors Budgeting and Auditing, Business and Legal Issues, Charities, Corporate Administration, Corporate Administration and Legal Matters, Finance and Accounting, Financial Compliance / Planning / Management, Financial Management, Government Budget, Throne Speech and Plans, Income Tax Planning / Tax Schedules / Remittances, Leadership and Management, Not for Profit, Payroll and Personnel Management, Records Management and Retention, Sales, Marketing and Operations, Volunteers and Employee Relations
The Ontario Retirement Pension Plan (ORPP) seemed like a sure thing—until it wasn’t. On June 20, 2016, Bill Morneau, the federal Minister of Finance, and eight of ten provincial finance ministers did what many to this point thought was impossible: reach an agreement in principle to expand the Canada Pension Plan (CPP).
agreement in principle, Benefits, CPP contributions, expanded Canada Pension Plan, Income tax benefit, increased payroll costs, new tax deduction, Ontario retirement pension plan, ORPP, Payroll, Payroll tax, Quebec Pension Plan, Retirement, Year’s Maximum Pensionable Earnings
March 29, 2016 Cristina Lavecchia, Editor Business and Legal Issues, Corporate Administration, Finance and Accounting, Financial Compliance / Planning / Management, Government Budget, Throne Speech and Plans, Income Tax Planning / Tax Schedules / Remittances, Payroll and Personnel Management
On March 22, 2016, the new Liberal Government’s first federal budget, Growing the Middle Class (“Budget 2016”), was tabled. Budget 2016 focuses on growing the economy, creating jobs, and strengthening the middle class.
Budget 2016, business income, business operations, canada pension plan, Corporate income tax measures, Economic growth, Employment, Employment Insurance, Federal budget 2016, General corporate tax, Growing the Middle Class, Income Tax Act, Jobs, Payroll, Small business and tax rates, small business deduction
March 7, 2016 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Business and Legal Issues, Corporate Administration, Corporate Administration and Legal Matters, Finance and Accounting, Financial Compliance / Planning / Management, Leadership and Management, Payroll and Personnel Management, Sales, Marketing and Operations, Volunteers and Employee Relations
Compared to employment, business ownership can offer independence and control, but can also create inescapable financial and other obligations. Salaries and other expenses must be paid regardless of how poorly the business does. The inescapable obligation to pay the appropriate notice pay when employees are terminated, was recently the subject of an Ontario Court of Appeal case.
business obligations, business ownership, calculating notice periods, employers' financial situation, employment law, HR Law, notice pay, Payroll, reasonable notice, reasonable notice pay, terminations, wrongful dismissal
October 28, 2015 Occasional Contributors Accounting Systems and Controls, Accounts payable and receivable, Business and Legal Issues, Finance and Accounting, Financial Compliance / Planning / Management, Income Tax Planning / Tax Schedules / Remittances, Leadership and Management, Payroll and Personnel Management, Records Management and Retention, Sales, Marketing and Operations
From an accounting perspective, payroll is straightforward — or at least that is what some accountants and auditors think!
audits, basic accounting principles, Canadian Payroll Association, Payroll, Payroll accounting, payroll data, payroll expense, payroll-related accounting transactions
October 21, 2015 Occasional Contributors Accounting Systems and Controls, Business and Legal Issues, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, Income Tax Planning / Tax Schedules / Remittances, Leadership and Management, Payroll and Personnel Management, Records Management and Retention, Sales, Marketing and Operations
Payroll is one of the largest single expenses of an organization. Without proper accounting controls in place, money could be misappropriated and false expense claims processed. For this reason, employers must intimately understand their payroll costs, and know how to control and predict them.
Accounting procedures, Canadian Payroll Association, collective agreements, company policies, cpa, employment contracts, financial statements, internal and/or external auditor, labour costs, overpayments or errors, Payroll, Payroll accounting, payroll fraud, Payroll practitioners, Payroll tax, payroll-related legislation, rates of pay, reconciliation process, Taxes and expenses, Wages and benefits
January 14, 2015 Drache Aptowitzer LLP Board of Directors, Process and Responsibilities, Charities, Corporate Administration and Legal Matters, Not for Profit, Volunteers and Employee Relations
Volunteering for a charity can be a rewarding way to help out in the community but it can bring with it a number of legal responsibilities. Legal responsibility is often assigned on the basis of the role an individual serves within an organization. Volunteering, though, can muddy the waters about the position of the individual within an organization. This is particularly true in circumstances where the charity does not keep corporate records of its directors.
Canada Revenue Agency, corporate records, CRA, Deduction at Source, HR, Human Resources, Payroll, Volunteering for a charity
October 7, 2013 Jeffrey Sherman Corporate Governance, Finance and Accounting, IT, Privacy and Security, Not for Profit
In Canada, employees have the right to access information in their personnel and payroll files, provided that it does not interfere with another employee’s privacy rights.
access to information, accountability, accuracy, challenging compliance, compliance, consent, destroying information, disclosure and retention, employee access to information, Employee records, employment law, Employment records, HR Law, identifying purpose, individual access, limited collection, limited use, openness, Payroll, payroll information, Personal Information Protection and Electronics Documents Act, PIPEDA, policy, privacy practices, privacy principles, privacy rights, private sector privacy legislation, safeguards, substantially similar legislation
November 12, 2012 Drache Aptowitzer LLP Finance and Accounting, Not for Profit
Most Canadians are aware of the effect that RRSP contributions have on their taxes, and are aware of the deadline for making contributions each year. This is mostly due to the educational efforts of the banks and others that ‘sell’ RRSPs make each year – as the March 1st (or February 29th as the case may be) deadline approaches. The run for RRSPs each year illustrate that when Canadians understand the incentive system they are quite prepared to alter their behaviour to take advantage of it.
charitable giving, donations, House of Commons Finance Committee, incentives for charitable giving, incentives to giving, income, offset taxes, Payroll, RRSP contributions, RRSP season, tax credits, Taxes
Ministry of Finance accepting comments on new Employer Health Tax rules for charities
August 29, 2016 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Charities, Corporate Administration and Legal Matters, Financial Management, Not for Profit, Volunteers and Employee Relations
The Ontario Ministry of Finance is proposing a new regulation under the Employer Health Tax Act, to include special Employer Health Tax rules for registered charities. The new regulation could be effective as early as January 1, 2017.
charities, charity, comment on new Employer Health Tax rules, Employer Health Tax, Employer Health Tax Act, Ministry of Finance, Payroll, Registered charities