When the LSFTC amount is deducted directly from an employee's wages, is it still necessary to enter it in DT Max?Yes. When shares of the LSFTC are purchased directly from an employee's wages, the amount of tax deducted at source is adjusted to take the credit into account, as well as the RRSP deduction, if any. As a result, a lower amount of tax is cut from the employee's salary.Since the employee will receive a slip for the purchase of shares, you must enter the amounts showing on that slip, in the usual fashion. October 27, 1999 |
