Have you received salary overpayments due to a system, administrative or clerical error including the errors made through the Phoenix Pay System? This year, the Government is proposing new measures to support employees who must reimburse a salary overpayment to their employers due to errors. Under current rules, any employee who received an overpayment in a previous year is required to pay back the gross amount of this overpayment to their employer. The employee must recover the excess income tax from CRA, CPP contributions and EI premiums that were deducted by their employer when the overpayment was made. Obviously, this has...
Continue reading
Rate this blog entry:
0
This January 2019, the Department of Finance Canada has launched public consultations on open banking. According to the Department of Finance, open banking has potential to offer a secure way for Canadians individuals and small businesses to consent to sharing their financial transaction data with other financial service providers, thus allowing them to access a broader range of financial products and services. The Government wants to get feedback and input on the following:- Would open banking provide meaningful benefits to and improve outcomes for Canadians? In what ways?- In order for Canadians to feel confident in an open banking system, how...
Continue reading
Rate this blog entry:
0
The Federal Government recently announced the income tax deduction limits and expense benefit rates that will be applied this 2019 for businesses that use an automobile. Note that most of the limits that were applied in 2019 will continue to be applied in 2019. However, there are 2 changes that will be applied this year.1. The limit on the deduction of tax-exempt allowances that are paid by employers to employees who use their personal vehicle for business purposes in 2019 has increased by 3 cents to 58 cents per kilometer for the first 5,000 kilometers driven, and to 52 cents per...
Continue reading
Rate this blog entry:
0
Starting 2019, the Federal government will levy fossil fuels of $20 per tonne of greenhouse gas emissions. The Federal government released details on how direct proceeds from carbon pollution pricing under the federal system will be returned to the province or territory. • For jurisdictions that have adopted the federal system, direct proceeds will be returned directly to the governments of those jurisdictions. • For those provinces that do not meet the federal standard such as Ontario, New Brunswick, Manitoba and Saskatchewan, the majority of the fuel charge proceeds will be returned through the new Climate Action Incentive payments to residents...
Continue reading
Rate this blog entry:
0
Subscribe

If you have a question about one of our products or services, please do not hesitate to contact us!
Please Enter Your Name
Please Enter A Valid Email
Please Enter Your Phone Number
Please select your preferred method of contact.
Refresh Please letters shown!

KD Professional Services
Monday-Friday 9am- 5pm
102, 221 18th Street SE
Calgary, AB, T2E 6J5

403-219-0602
403-219-0603

Read our Tweets