Determining which benefits are taxable and which are not can be a challenging exercise. The current COVID environment has also brought added complexities as many employers have staff working from home quite regularly. What new considerations may arise from this?
In this webinar, Stan Shadrin of CPA Solutions LLP Adam Serota of BRS Tax Lawyers LLP will provide an insightful overview of the income tax implications of benefits and allowances employers provided to their employees. Attendees will learn when employment benefits are taxable, how to determine the value of these benefits, what is new or changed as a result of COVID, and when sales taxes and payroll deductions are applicable to these benefits. Understanding the tax consequences of employment benefits can also assist in deciding the types of benefits to offer in employee compensation planning.
More specifically, topics covered will include:
- Employment benefits basics:
- general overview of the treatment of most common employment benefits,
- relevant legislation,
- CRA interpretations, and
- court cases
- Most recent cases of interest and CRA views
- Employment benefits and COVID-19: working from home, personal protective equipment, changes to T4 forms, etc.
This webinar will be of most interest to tax practitioners & accountants, practicing independently or in small to medium sized firms, as well as anyone handling payroll reporting.
Professional Development Credits
Wolters Kluwer professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation.
Registrations for each Live Webinar are available until the start of each program. We reserve the right to substitute speakers in the case of instructor illness. In the event that we must cancel a Live Webinar, all registrants will be notified immediately and given the opportunity to either transfer their registration to another Live Webinar or a Recorded Webinar or obtain a refund. For all Live Webinars that are recorded, participants will have access to the recording for three months following the Live Webinar. Partial credit will not be awarded for attendees that are not present for the entirety of the Live Webinar. Credit will not be awarded if an attendee does not answer all of the polling questions (where applicable). Additional credit will not be awarded due to the instructor presenting over the allotted time.
This webinar is being presented by Stan Shadrin of CPA Solutions LLP Adam Serota of BRS Tax Lawyers LLP.
Stan Shadrin, CPA, CA
Stan is a Chartered Professional Accountant (CPA, CA). He has completed three levels of the In-Depth Tax Course and has over 10 years of experience working for national accounting firm and local accounting firms.
Over his career Stan has advised variety of clients ranging from owner managed businesses to public companies. Stan’s areas of specialty include tax structuring, Canadian tax compliance and other tax matters, dealing with issues related to Canadian inbound taxation and Canadian outbound taxation.
Stan has also presented on variety of tax topics at CPA Ontario events and other professional development courses.
Adam Serota, LL.M (Tax)
Adam is a partner at BRS Tax Lawyers LLP. Adam completed his Bachelor of Commerce Degree at the Sprott School of Business and his Juris Doctor and his LL.M (Tax) at Osgoode Hall Law School. Adam has extensive experience in corporate law and tax law. Adam’s practice focuses on tax dispute resolution including but not limited to audits, appeals, voluntary disclosures, advance income tax rulings and litigation before the Tax Court of Canada.