JANUARY 2014
Termination paperwork
Continued from page 3
Death benefits and retiring allowances
are subject to income tax source deductions, using the lump-sum method. CPP
or EI does not apply, even though such
payments must be reported on the ROE in
Block 17C. Unlike any other ROE-reportable payment, death benefits and retiring
allowances are not included in the earn-
ings reported on the ROE in Blocks 15B
and 15C.
Published 12 times a year by
Thomson Reuters Canada Ltd.
Subscription rate: $179 per year
Alan McEwen is a Vancouver Islandbased HRIS/Payroll consultant and
freelance writer with over 20 years'
experience in all aspects of the industry.
He can be reached at armcewen@
shaw.ca, (250) 228-5280 or visit www.
alanrmcewen.com for more information.
Customer Service
Tel: (416) 609-3800 (Toronto)
(800) 387-5164 (outside Toronto)
Fax: (416) 298-5106
E-mail: carswell.customerrelations
@thomsonreuters.com
Website: www.carswell.com
LEGISLATIVE ROUNDUP | CHANGES IN PAYROLL LAWS AND REGULATIONS FROM ACROSS CANADA
Continued from page 5
an indexing factor of 0.9 per cent. As a
result, the following maximum amounts
apply:
Basic personal amount — $12,567
Age amount — $9,425
Pension income amount — $2,000
Education amount — full-time —
$4,800
Education amount — part-time —
$1,440
Disability amount — $12,567
Spouse, common-law partner or eligible
dependant amount — $12,567
Caregiver amount — $4,531
Amount for infirm dependants 18 and
older — $4,530.
■ ONTARIO
Changes to TD1ON
amounts for 2014
For 2014, personal amounts claimed on
an Ontario Personal Tax Credits Return
(TD1ON) have been revised to reflect an
indexing factor of one per cent. As a result, the following maximum amounts
apply when using the TD1ON for Ontario workers:
Basic personal amount — $9,670
Age amount — $4,721
Pension income amount — $1,337
Education amount — full-time —
$6,240
Education amount — part-time —
$1,872
Disability amount — $7,812
Spouse, common-law partner or eligible
dependant amount — $8,211
Caregiver amount — $4,557
Amount for infirm dependants 18 and
older — $4,558
8
www.payroll-reporter.com
One Corporate Plaza 2075 Kennedy Road,
Toronto, Ontario, Canada M1T 3V4
■ PRINCE EDWARD ISLAND
Director, Carswell Media: Karen Lorimer
No changes to TD1PE
Publisher: John Hobel
For 2014, personal amounts claimed on a
Prince Edward Island Personal Tax Credits Return (TD1PE) remain the same as
they were in 2013:
Basic personal amount — $7,708
Age amount — $3,764
Pension income amount — $1,000
Education amount — full time — $4,800
Education amount — part-time —
$1,440
Disability amount — $6,890
Spouse, common-law partner — $6,546
Eligible dependant amount — $6,294
Caregiver amount — $2,446
Amount for infirm dependants 18 and
older — $2,446
■ SASKATCHEWAN
Changes to TD1SK
For 2014, personal amounts claimed on
a Saskatchewan Personal Tax Credits Return (TD1SK) have been revised to reflect an indexing factor of 0.9 per cent.
As a result, the following maximum
amounts apply:
Basic personal amount — $15,378
Age amount — $4,684
Pension income amount — $1,000
Education amount — full-time —
$4,800
Education amount — part-time —
$1,440
Disability amount — $9,060
Spouse, common-law partner or eligible
dependant amount — $15,378
Caregiver amount — $9,060
Amount for infirm dependants 18 and
older — $9,060
Senior supplement — $1,237
Child amount — $5,834/child
Canadian HR Reporter, a Thomson Reuters business 2014
Managing Editor: Todd Humber
Editor: Zachary Pedersen
zachary.pedersen@thomsonreuters.com
(416) 649-9584
Marketing Manager: Mohammad Ali
mm.ali@thomsonreuters.com
(416) 609-5866
Circulation Co-ordinator: Travis Chan
travis.chan@thomsonreuters.com
(416) 609-5872
©2014 Thomson Reuters Canada Ltd/
ISBN/ISSN: 978-0-7798-2810-4
All rights reserved. No part of this publication
may be reproduced, stored in a retrieval system or transmitted, in any form or by any
means, electronic, photocopying, recording or
otherwise without the written permission of
the publisher (Carswell, a Thomson Reuters
business).
Return Mail Registration # 1522825
Return Postage Guaranteed
Paid News Revenue Toronto
Canadian Payroll Reporter is part of the
Canadian HR Reporter group of
publications:
• Canadian HR Reporter
(www.hrreporter.com)
• Canadian Occupational Safety
magazine (www.cos-mag.com)
• Canadian Safety Reporter
(www.safety-reporter.com)
• Canadian Employment Law Today
(www.employmentlawtoday.com)
• Canadian Labour Reporter
(www.labour-reporter.com)
See carswell.com for information
