Featured Post

The Vampire Diaries: The Fury Chapter One

Elena ventured into the clearing. Underneath her feet wears out of harvest time leaves were freezing into the slush. Nightfall had fallen...

Saturday, March 21, 2020

Executive and Legislative Powers essays

Executive and Legislative Powers essays The Executive and Legislative powers of all three NAFTA countries share similarities and differences in their internal relationships. They are fundamentally the highest branches of government for law, policy making and many other roles that heavily influence the every day lives of their citizens. Unlike the United States and Mexico which have adapted democratic systems, Canada governs using a parliamentary style of government This is somewhat essential to the main differences of Canadas relationship between the executive and legislative branches and those relationships of the United States and Mexico. The relationships and powers between these seemingly separate branches are as distinct as the cultures of these nations. As we examine the legislative and executive branches of these nations we see how the placement and displacement of power have greatly influenced their ability to initiate change. The relationship between the executive branch and legislature often influence the decision making abilities of government and vary between the nations of NAFTA in a way that somewhat reflect their different cultures. Canadas parliamentary government is distinguished from the other NAFTA nations by the roles and responsibilities of the executive branch as well as the structure of the legislature. To understand the relationship between these two branches of government we first must understand their composition. The executive branch is comprised essentially of two parts. The Queen or monarch of England retains the power to appoint a Governor General who in turn appoints the other half of the executive, the Prime Minister pending the Queens consent. The Prime Minister represents the majority party in power and acts on behalf of both the crown and party. In the legislature there is again a division of power. While the House of Commons is comprised of democratically elected officials the Senate is appointed by...

Wednesday, March 4, 2020

How to Use T4 Slips to File Income Taxes

How to Use T4 Slips to File Income Taxes Employers prepare and issue the Canadian T4 tax slip or Statement of Remuneration Paid to inform each employee and the Canada Revenue Agency (CRA) how much the employee earned during the previous tax year. The document also records the amount of income tax that was withheld from pay. Employment income includes salary, bonuses, vacation pay, tips, honorariums, commissions, taxable allowances, the value of taxable benefits, and payment in lieu of notice. Youll typically receive three copies of a T4 tax slip- one to attach to your Canadian federal tax return, one to attach to your provincial or territory tax return, and one to keep for your own records. Youll also probably receive more than one T4 tax slip if you had more than one job. The back of each T4 slip explains each item on the document, including which items to report on your income tax return and where, and which items are for Canada Revenue Agency use only. Deadline for T4 Tax Slips T4 tax slips must be issued by the last day of February in the year after the calendar year to which they apply. For example, you should receive your T4 tax slip for 2018 earnings by February 28, 2019. Filing T4 Tax Slips With Your Income Tax Return Include copies of each T4 tax slip you receive when you file a paper income tax return. If you file your tax return electronically using NETFILE or EFILE, keep copies of your T4 tax slips with your records for six years just in case the CRA asks to see them. Missing T4 Tax Slips If you havent received a T4 slip, file your income tax return by the deadline anyway to avoid penalties for filing your taxes late. Calculate the income and any related deductions and credits you can claim as closely as possible based on the information you do have. Include copies of any statements or employment stubs you use to calculate your income and deductions as well as a note listing your employers name and address, the type of income you received, and whatever steps youve taken to get a copy of the missing T4 slip. Youre required to ask your employer for a copy of your T4 before filing your return,  so make sure to allow enough time to do this. Tax returns are due to the CRA by April 30 unless that day falls on a weekend or a holiday, in which case returns are due the following business day. For 2018 earnings, taxes must be filed no later than April 30, 2019. If you need a T4 slip for a previous tax year, try checking the My Account service or calling the CRA at 800-959-8281. Other T4 Tax Information Slips Other T4 tax information slips include: T4A:  Statement of Pension, Retirement, Annuity, and Other IncomeT4A(OAS):  Statement of Old Age SecurityT4A(P):  Statement of Canada Pension Plan BenefitsT4E:  Statement of Employment Insurance and Other BenefitsT4RIF:  Statement of Income From a Registered Retirement Income FundT4RSP:  Statement of RRSP Income