Martina Heine, PLPMartina Heine, PLP
Member since Sep 2022

    At my previous Employer, there was a prescribed deferred salary program. The terms and conditions had to comply with the requirements of the Income Tax Act and Income Tax Regulations. A percentage of an employee’s annual gross salary could be deferred and there was a minimum and maximum leave period. The amount of salary deferred was not included in their income in the year it was earned, but rather when it was paid on their leave of absence.

    August 17, 2023 at 13:38