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Use the Payroll Deductions Online Calculator (PDOC) to calculate federal, provincial (except for Quebec), and territorial payroll deductions. It will confirm the deductions you include on your official statement of earnings.
To determine if the amount of the allowance is reasonable, you should compare the reasonable costs for travel expense that you would expect your employee to incur against the allowance you pay to the employee for the trip.
This page is for employers who provide their employees with a travel allowance. It will help you determine if the allowance is taxable and the necessary reporting requirements.
2 sie 2023 · Travel between an employee’s residence and a regular place of employment (RPE) has long been considered by the Canada Revenue Agency (CRA) to be personal travel and not part of the employee’s office or employment duties; therefore, any reimbursement or allowance relating to this travel is a taxable benefit.
13 maj 2024 · Calculate mileage deductions from the CRA. Work out the mileage reimbursement you can claim. The formula for figuring out your reimbursement for business mileage in a car is as simple as: [km] * [reimbursement rate]. The 2024 mileage reimbursement rate in Canada is: 70 cents per kilometre for the first 5000 km. 64 cents per kilometre after that.
Salary disclosure is based on the calendar year ended December 31, 2022, while disclosure of car allowance, travel and other expenses for departments are for the fiscal year ended March 31, 2023.
I found the online payroll deductions calculator; it calculates Canada Pension Plan (CPP), Employment Insurance (EI) and tax deductions in just a few keystrokes. Read on to learn what portion of your hard earned money goes where before you get the chance to (sniff) say goodbye.
