Monthly Archives
January 2009

Retiring Allowances – Boring – Never!

by Kimberly Fiume | on Jan 01, 2009 | No Comments

Is there anyone in the payroll environment who can honestly say they get bored with retiring allowances? Personally, I find it one of the more challenging topics. Payroll professionals involved in the termination process need to fully understand the legislative requirements specific to retiring allowances to ensure reporting and withholding compliance. A resource that no payroll professional should be without when dealing with this matter is a copy of the Canada Revenue Agency’s (CRA) Interpretation Bulletin (IT) – IT337R4 Retiring Allowances.

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