Comments for The Black Hole: Science in Canada, Issues affecting trainees http://scienceadvocacy.org/Blog Science in Canada: Issues affecting trainees Sun, 20 May 2012 13:26:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on 2010 Canadian Taxes: Did you get your T2202 and T4a? by Maria http://scienceadvocacy.org/Blog/2010/02/07/2010-canadian-taxes-did-you-get-your-t2202-and-t4a/comment-page-1/#comment-9658 Maria Sun, 20 May 2012 13:26:32 +0000 http://scienceadvocacy.org/Blog/?p=246#comment-9658 I work and have a home based type business (party plan) and do prtety well with it, as well as my regular "day job" which I have had to cut back on hours because the home business is doing so well.I file together, using a schedule SE for my home business to take the deductions out such as mileage (a HUGE deductions) airfare and hotel for training events, and usually after the mileage is calculated I wind up owing nothing on my home based business. I also deduct postage and advertising expenses, and office supplies, demo products, and any losses such as damaged or broken items I write them off.I do travel quite a distance to do my parties, several times a week.You cannot deduct clothing or dining expenses, or "fluff" your deductions, it will set off a big red flag, so be very careful that you only deduct what you actually can legally. Was this answer helpful? I work and have a home based type business (party plan) and do prtety well with it, as well as my regular “day job” which I have had to cut back on hours because the home business is doing so well.I file together, using a schedule SE for my home business to take the deductions out such as mileage (a HUGE deductions) airfare and hotel for training events, and usually after the mileage is calculated I wind up owing nothing on my home based business. I also deduct postage and advertising expenses, and office supplies, demo products, and any losses such as damaged or broken items I write them off.I do travel quite a distance to do my parties, several times a week.You cannot deduct clothing or dining expenses, or “fluff” your deductions, it will set off a big red flag, so be very careful that you only deduct what you actually can legally. Was this answer helpful?

]]> Comment on 2010 Canadian Taxes: Did you get your T2202 and T4a? by Scott http://scienceadvocacy.org/Blog/2010/02/07/2010-canadian-taxes-did-you-get-your-t2202-and-t4a/comment-page-1/#comment-9462 Scott Thu, 17 May 2012 01:55:49 +0000 http://scienceadvocacy.org/Blog/?p=246#comment-9462 CPR is the right thing to do CPR is the right thing to do

]]> Comment on 2011 Taxes for Post Docs: At least we know the rules this year by Jen http://scienceadvocacy.org/Blog/2011/02/21/2011-taxes-for-post-docs-at-least-we-know-the-rules-this-year/comment-page-1/#comment-9388 Jen Tue, 15 May 2012 13:55:36 +0000 http://scienceadvocacy.org/Blog/?p=1055#comment-9388 Hi Guillame, The thing that you have to ask about specifically is what portions of EI and CPP are being taken from you. It is completely normal for you to pay the employee portions of CPP and EI as you are treated as an employee of the University. You need to ask whether they are making you pay the employer portions of those deductions. Technically the employer (UBC) should be responsible for their portion, but that is not always the case. I would make sure you have a clear answer from UBC on this issue before you sign a contract. Cheers, Jen Hi Guillame,

The thing that you have to ask about specifically is what portions of EI and CPP are being taken from you. It is completely normal for you to pay the employee portions of CPP and EI as you are treated as an employee of the University. You need to ask whether they are making you pay the employer portions of those deductions. Technically the employer (UBC) should be responsible for their portion, but that is not always the case. I would make sure you have a clear answer from UBC on this issue before you sign a contract.

Cheers,
Jen

]]> Comment on 2011 Taxes for Post Docs: At least we know the rules this year by Dave http://scienceadvocacy.org/Blog/2011/02/21/2011-taxes-for-post-docs-at-least-we-know-the-rules-this-year/comment-page-1/#comment-9387 Dave Tue, 15 May 2012 13:32:24 +0000 http://scienceadvocacy.org/Blog/?p=1055#comment-9387 Hi Guillaume, As a postdoc in Canada, you will be required to pay income tax on your fellowship. CPP and EI varies between institutes, but it looks to me like UBC has made it very clear what their policy is. It might depend if you are based at one of the affiliated institutes or not (as some are not on UBC payroll), but every postdoc will definitely pay income tax. BC does not exempt postdocs either as far as I am aware. Wish I had better news! Dave Hi Guillaume,

As a postdoc in Canada, you will be required to pay income tax on your fellowship. CPP and EI varies between institutes, but it looks to me like UBC has made it very clear what their policy is. It might depend if you are based at one of the affiliated institutes or not (as some are not on UBC payroll), but every postdoc will definitely pay income tax.

BC does not exempt postdocs either as far as I am aware.

Wish I had better news!

Dave

]]> Comment on 2011 Taxes for Post Docs: At least we know the rules this year by Guillaume http://scienceadvocacy.org/Blog/2011/02/21/2011-taxes-for-post-docs-at-least-we-know-the-rules-this-year/comment-page-1/#comment-9360 Guillaume Tue, 15 May 2012 02:07:26 +0000 http://scienceadvocacy.org/Blog/?p=1055#comment-9360 Hi Dave and Jen, I am wondering whether the same will happen to me. I am registering as a postdoc at UBC in Vancouver, BC, and the information on UBC website, http://www.hr.ubc.ca/faculty-relations/recruitment/titles-ranks-descriptions/postdoctoral-fellows/pdf-employees/, says that "by law deductions are taken from the salary for Canada Income Tax, Canada Pension Plan (CPP) and Employment Insurance (EI)". I am also wondering whether BC exempts postdoc stipends as QC does (at least in the case of McGill University which issues for Revenu Québec a Relevé1 with the code RB) , do you know about that? Guillaume Hi Dave and Jen,
I am wondering whether the same will happen to me. I am registering as a postdoc at UBC in Vancouver, BC, and the information on UBC website, http://www.hr.ubc.ca/faculty-relations/recruitment/titles-ranks-descriptions/postdoctoral-fellows/pdf-employees/, says that “by law deductions are taken from the salary for Canada Income Tax, Canada Pension Plan (CPP) and Employment Insurance (EI)”.

I am also wondering whether BC exempts postdoc stipends as QC does (at least in the case of McGill University which issues for Revenu Québec a Relevé1 with the code RB) , do you know about that?

Guillaume

]]> Comment on The Black Hole is Moving – Come join us at University Affairs by Movin’ On Up | Not To Be Trusted With Knives http://scienceadvocacy.org/Blog/2012/05/03/the-black-hole-is-moving-come-join-us-at-university-affairs/comment-page-1/#comment-9031 Movin’ On Up | Not To Be Trusted With Knives Mon, 07 May 2012 14:35:59 +0000 http://scienceadvocacy.org/Blog/?p=1581#comment-9031 [...] Hey, remember when I started a nerdy science blog with my friend Dave? The one that I had to, sadly, take my leave from when I started my MBA? Well, that site has been picked up by University Affairs magazine’s site! [...] [...] Hey, remember when I started a nerdy science blog with my friend Dave? The one that I had to, sadly, take my leave from when I started my MBA? Well, that site has been picked up by University Affairs magazine’s site! [...]

]]> Comment on A deeper look into the “80% of PhDs who do not become professors” by The Black Hole | Show me the Money: | University Affairs http://scienceadvocacy.org/Blog/2011/12/10/a-deeper-look-into-the-80-of-phds-who-do-not-become-professors/comment-page-1/#comment-8799 The Black Hole | Show me the Money: | University Affairs Wed, 02 May 2012 22:48:37 +0000 http://scienceadvocacy.org/Blog/?p=1411#comment-8799 [...] has been discussed here on and off for quite some time (http://scienceadvocacy.org/Blog/2011/12/10/a-deeper-look-into-the-80-of-phds-who-do-not-become-profe...), 80% of PhDs in the US will not become professors. (Fuhrmann et al. Improving graduate education [...] [...] has been discussed here on and off for quite some time (http://scienceadvocacy.org/Blog/2011/12/10/a-deeper-look-into-the-80-of-phds-who-do-not-become-profe...), 80% of PhDs in the US will not become professors. (Fuhrmann et al. Improving graduate education [...]

]]> Comment on A Difficult Pill to Swallow: The Harsh Realities of a 15% Funding Rate by The Black Hole | Show me the Money: | University Affairs http://scienceadvocacy.org/Blog/2012/04/12/a-difficult-pill-to-swallow-the-harsh-realities-of-a-15-funding-rate/comment-page-1/#comment-8798 The Black Hole | Show me the Money: | University Affairs Wed, 02 May 2012 22:47:54 +0000 http://scienceadvocacy.org/Blog/?p=1563#comment-8798 [...] 2. A Difficult Pill To Swallow: The Harsh Realities of a 15% Funding Rate [...] [...] 2. A Difficult Pill To Swallow: The Harsh Realities of a 15% Funding Rate [...]

]]> Comment on Biomedical Research and Broken Clocks: All the Parts, but No Instructions by The Black Hole | Show me the Money: | University Affairs http://scienceadvocacy.org/Blog/2012/03/22/biomedical-research-and-broken-clocks-all-the-parts-but-no-instructions/comment-page-1/#comment-8797 The Black Hole | Show me the Money: | University Affairs Wed, 02 May 2012 22:47:27 +0000 http://scienceadvocacy.org/Blog/?p=1549#comment-8797 [...] 1. Biomedical Research and Broken Clocks: All the Parts, but No Instructions [...] [...] 1. Biomedical Research and Broken Clocks: All the Parts, but No Instructions [...]

]]> Comment on 2012 Taxes for Postdocs: Dredging up the Past by The Black Hole | Our blog for early career scientists – hello to UA readers! | University Affairs http://scienceadvocacy.org/Blog/2012/02/21/2012-taxes-for-postdocs-dredging-up-the-past/comment-page-1/#comment-8783 The Black Hole | Our blog for early career scientists – hello to UA readers! | University Affairs Wed, 02 May 2012 18:19:29 +0000 http://scienceadvocacy.org/Blog/?p=1516#comment-8783 [...] politics (Taxation on Scholarships/Fellowships, Peer Review, Science and Evidence Based [...] [...] politics (Taxation on Scholarships/Fellowships, Peer Review, Science and Evidence Based [...]

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