Opening The Door For Generation Y

Which generation are you a part of? Can you describe the other two? Among the words below, which are the ones generally associated to Generation Y? Several generations working together have made attracting, managing and retaining employees ever more challenging. Each generation has distinct characteristics, unique needs and different wants.  The question becomes: how can…

Cutting Costs Without Cutting Staff

While Canadian companies have been spared the brunt of the economical downfall currently faced by our American and European neighbors, times are still tough for many Canadian enterprises and one of the most difficult decisions for a business owner is whether or not to reduce staff. Not only can it be emotional to let go…

Ask an HR Expert – Winter 2013

In every HR Connection, one of our HR experts will answer a frequently asked question from our readers. If you have a question, please don’t hesitate to email hr@flmontreal.com, and we may select it for our next issue! I want to give an employee a written warning, do you have any advice to give me…

2013 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 2013. Personal Income Tax Parameters The following table shows the Federal personal income tax parameters for 2013 in comparison to those for 2012. If you wish to print these tables,…

Taxable Benefits in Brief – 2013

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…

Tax Information for 2013

Here are the deductions at source rates for 2013 and 2012 for Employment Insurance, Quebec Parental Insurance Plan, Quebec 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 T4 and Relevé…