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Young Associates

Home
About
History
Staff
Careers
Contact
Customers
Customer List
Customer Orientation
Services
Bookkeeping & Financial Services
Payroll
Data Management
Consulting
Book
Explore the Book
Buy the Book
Read the Reviews
Try the Finance Whiz Quiz
About Heather Young
Quotable Quotes
Resources
News
Glossary
Links
Seminars
Rentals
Get a Quote
Young Associates
February 22, 2012
Tax & Law, Payroll, Q & A

Do I have to pay tax on a bonus?

Young Associates
February 22, 2012
Tax & Law, Payroll, Q & A

Emphatically, yes!

Bonuses are compensation and, as such, are taxable. Here’s a link to the Canada Revenue Agency’s Special Payments Chart. It lays out the requirements for source deductions on an array of payments, including bonuses.

Tagged: Employees, Payroll, CRA, Bonuses

Newer PostCan I lend my charitable registration number to another organization or issue tax receipts on their behalf?
Older PostIf I have a surplus, why don’t I have any money?

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Young Associates, 203-675 King St W, Toronto, ON, M5V 1M9, Canada416-923-8557info@youngassociates.ca

Young Associates • 675 King St. W., #203 · Toronto · Ontario · M5V 1M9
T 416.923-8557 · F 416.923.6625 · info@youngassociates.ca
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