What is considered remuneration?
In general, remuneration means employment income (box 14 of Canada Revenue Agency’s T4 slip) that is taxable under sections 5, 6 or 7 of the Income Tax Act (Canada). Examples of remuneration include: • salaries and wages • gratuities paid through an employer • bonuses, commission and other similar payments • vacation pay, taxable allowances and benefits • directors’ fees • payments for casual labour • amounts paid by an employer to ‘top up’ benefits, and • advances of salaries and wages. Please refer to Information Bulletin 2-96 Remuneration.
