2014 Limits and Rates Related to Automobile Expenses and Federal Personal Tax Credits

Automobile Expenses The rates for automobile expenses, deduction limits and the prescribed rates for determining taxable benefits on automobile operating expenses are as follows for 2014. Personal Income Tax Parameters The following table shows the Federal personal income tax parameters for 2014 in comparison to those for 2013. If you wish to print these tables,…

Taxable Benefits in Brief

This issue of Tax Target will serve as a reminder of certain, often forgotten, details regarding the preparation of T4 and Relevé 1 forms. Automobile Benefits Automobile benefits are the total of the stand-by charge and the operating benefit. 1. Stand-by Charge (a) Stand-by charge on automobile owned by Company =  A/B x [2% x (C x D)] A/B = usually…

Employee Recognition…pays!

As a Manager, you always look to attract a skilled workforce, and once found it you definitely need to retain it. Employees are an essential resource to achieve organizational objectives and success, and so employee recognition has become a fundamental practice to facilitate the mobilization of star performers. Employee recognition increases motivation and consequently enhances…

Tax Information for 2014

Here are the deductions at source rates for 2014 and 2013 for Employment Insurance, Quebec Parental Insurance Plan, Quebec Pension Plan, Canada Pension Plan, Quebec Health Services Fund, Quebec Health Contribution, and Commission des normes du travail. These rates will help the user plan more efficiently for the current taxation year and help to prepare…

Congratulations FL!

We are very proud to announce that Fuller Landau was the proud recipient of the Leading Edge Alliance’s 2013 Recognition of Excellence Award. We were presented with this award at the 2013 Global Conference of the Leading Edge Alliance, LEAglobal, in San Francisco earlier this month. 550 members were present for the award ceremony. The award…