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PAYROLL PREP.NON-PROFIT HOT TOPICS:
GROUND RULESQuestions
• Attendees are in listen-only mode• This webinar is being recorded for future on-demand playback• Your participation represents acknowledgement that we are recording• Tweet questions & comments to: #WelchNPO
Windows Mac Tablet
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Garth Steele, CPA, CAAudit & Indirect Tax [email protected]@garthsteele
Christa Casey, CPA, CAPartner & Director of the Not-for-Profit [email protected]@ChristaCaseyCPA
PRESENTERS
WHAT WE’LL COVER TODAY
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• Reporting Requirements
• Directors’ Fees
• Honorariums
• Self Employed of Employee?
• Special Payments
• Executive Director Expense Reimbursements
• Other Issues
• Documentation
• Resources
• Business number required?• Tax return filings– T2 / T1044– T4 / T4A– GST / HST
• Filing deadlines
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REPORTING REQUIREMENTS
• CPP• EI• Income Tax• T4 reporting
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DIRECTORS’ FEES
• Examples₋ Volunteers₋ Directors₋ Key note speaker
• Taxable?• Reportable?
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HONORARIUMS
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SELF EMPLOYED OR EMPLOYEE?• Court Test
₋ Integration of operations₋ Ability to sub-contract₋ Risk of loss / opportunity for
profit₋ Tools of the trade
• Risks of getting it wrong
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SPECIAL PAYMENTS• Travel allowances
₋ Mileage per km or flat amount• Housing allowances• Bonuses• Scholarship fund payments• Spouse's travel• RRSP matching• Gifts / Christmas bonus / Gift Cards
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EXECUTIVE DIRECTOR REIMBURSEMENTS• Special treatment?
• Business class vs. Economy class• Reward Programs - Points / Credit
Cards / Air Miles• Tax receipting of
honorariums/mileage donated back
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OTHER ISSUES
• Corporate VISA payments• Travel expense backup
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DOCUMENTATION
• CRA’s Employers’ Guides₋ T4001 Payroll Deductions and
Remittances₋ T4130 Taxable Benefits and
Allowances
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RESOURCES
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Garth Steele, CPA, CAAudit & Indirect Tax [email protected]@garthsteele
Christa Casey, CPA, CAPartner & Director of the Not-for-Profit [email protected]@ChristaCaseyCPA
Q&A