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Question 1

Incentives

Answer 1

1. Monetary
   Hiring bonus- taxable with EI
   Performance bonus-taxable with EI
   Profit sharing- taxable with EI
   Pension plans (RRSP match)- employer cont are not taxable at the time of contribution
2. Non-monetary
   Private health care plans
   Continuous education
   Flexible hours

Question 1

Risk factors/procedures when calc tax

Answer 1

1. Acc income: may be overstated
2. Capital gains: include BI in capital gain
3. Dividends: confirm enough CDA, eligible/non eligible allocation
4. Capital assets: confirm all assets are capital in nature
5. Liab: confirm all included

Question 2

Status of associates