James D. Peros C.A. C.P.A

You’re Hired Human rights legislation governs all hiring practices. Finding good employees is a tough job at any time but especially when you are seeking those with special skills and the right attitude. You have to ask a job candidate a lot of questions, not only to determine their qualifications and experience, but also to understand the individual’s character and personality. Can this person work with our team? Comply with Legislation The hiring process must, however, comply with the Canadian Charter of Rights and Freedoms section of the Constitution as well as other federal and provincial Acts . But human rights legislation makes many questions illegal. The purpose behind these Acts is to ensure all individuals have an equal opportunity to live their lives as they see fit, free from discrimination based on the general categories of age, sex, marital/family status, race, colour, ancestry, place of origin, creed, religion, citizenship, nation or ethnic origin, sexual orie...

Salary or Dividends? The way a bonus is paid has a significant effect on corporate and personal after-tax income. You are an owner-manager and you’ve just had a really good year. Profits are up significantly and you want to reward your employee shareholders with a bonus. But how? Salary or dividends? The answer to this age-old question is not as simple as it seems. It is even possible to receive remuneration that is a combination of salary and dividends. However, because every company and its shareholders have different needs, a “one size fits all” approach to remuneration is not prudent. Salary and dividends differ with respect to taxation. A dividend is a per-share payout of retained earnings and is therefore not an expense and thus does not reduce pre-tax income. A salary bonus differs from a dividend in that it is an expense and thus reduces pre-tax income. Corporations, trusts, charities and a wide variety of other entities can also receive dividends. Different...