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AMS and FIS Document Types

…posting for GST adjustments on foreign currency exchange. 13XXXXXXXX SR:Rel held donation These documents represent the release posting from the Donation on hold status to the expendable or endowed status…

Electronic Signatures & Document Retention

…Digital Signature is a type of Electronic Signature that uses certificate-based digital IDs to authenticate signer identity and demonstrate proof of signing. Digital signatures use specific technology to generate electronic…

Employee versus Independent Contractor and Taxation of Payments (HRIS vs FIS)

…of the University Withholding and remittance of income taxes, EI and CPP. Cost of University contributions to EI and CPP borne by the hiring department through the standard benefit rate….

Payroll and the HST

…Threshold If the individual’s annual Canadian taxable and zero-rated sales do not exceed $30,000, the individual is not required to collect HST, unless the person has otherwise elected to register…

Non-Research Grants and Contracts

…appropriate provision for indirect costs. This provision is generally expressed as an overhead rate applied to all direct costs or to a specific category of direct costs. Refer to the…

Accounts Receivable, Collection Responsibilities and Uncollected Amounts

…Code If the accounts receivable invoice includes two items, each with different tax rate applications, then a different tax code should be used on each line of the invoice; Examples…

HST – University Sales

…have been made by the University (e.g. certain taxable employee benefits and changes of use for capital property HST Not Applicable Zero-rated Sales The following are examples of sales taxed…

Endowment Payout Rate for fiscal 2016

LTCAP Payout 2015-16 – Memo Issued March 21, 2016…

Standard Benefit Rates (SBR) for 2017-18

Standard Benefit Rate 2017-18 – Jan 25, 2017 memo…

LTCAP Payout Rate 2022-23

LTCAP Payout Rates 2022-23…