At a recent executive meeting of H Co., the president complained, Our compensation program is unimaginative because
Question:
Surely there are other forms of compensation which would make our company more attractive to employees.”
Required:
As the personnel manager of H Co., prepare a list of compensation alternatives. For each, briefly describe the tax consequences to both the employee and the employer.
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1 Deferred Profit Sharing Plan Employee The employers contribution to the DPSP is not a taxable benefit ITA 61a In addition investment income within the plan is not taxable when earned However the emp...View the full answer
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Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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