A flat-rate vehicle allowance that isn’t calculated based on the number of kilometers driven is considered taxable income. Since this is a lump sum you give to your employees in advance, it can’t be averaged at the end of the year and translated to a per-kilometer allowance to...
equivalent to the full value of its remaining assets (under Part V of the Income Tax Act). Other possible filing requirements A not-for-profit organization or registered charity may have other federal or provincial/territorial filing requirements if the organization was created by incorporation...