30 October 2012 Ontario CTF Roundtable Q. 10, 2012-0462961C6 - 2012 Ont CTF Q10 - Executors' Fees and Withholding -- summary under Paragraph 153(1)(g)

After stating that an estate would be required to issue a T4A to an executor who was earning his fees as business income rather than income from an office, CRA referred to its policy not to require a T4A for payments less than $500, and then further stated:

Also, as noted on page 16 of the T4A guide (RC4157), "Until such time as the CRA undertakes a review for the purposes of clarifying the types of fees for services that are to be reported on the T4A slip, taxpayers will not be penalized for failing to complete Box 048 on the T4A slip."

Topics and taglines
Topic
Income Tax Act - s. 153(1)(g)
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
323493
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
342832
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