employment lawyer toronto

Whether you are hiring an employment lawyer toronto for a severance package, a discrimination issue, or a wrongful dismissal case, you may be able to deduct some of your legal fees from your taxes. This deduction can help offset the costs of hiring an experienced employment lawyer to ensure you are getting the compensation you deserve.

Employment lawyers Toronto have extensive knowledge of federal and provincial employment and labour law and can protect your rights in the workplace. They can also assist with drafting employment contracts and policies, ensuring compliance with employment and labour laws in Canada. These legal documents set legally binding rules for both employers and employees. They also provide counsel regarding workplace disputes and litigation.

In addition, an experienced employment lawyer Toronto can help you understand your legal rights, so you can negotiate the best possible settlement package for yourself. They can determine the types of compensation you are entitled to, including severance pay and notice entitlements.

tax implications of employment lawyer toronto

An experienced employment lawyer can also help you understand the tax implications of your severance package, which can make a huge difference in how much you receive. They can help you negotiate a severance package that is fair and will minimize your tax burden.

If you have been fired or laid off from your job, it can be a difficult time. Regardless of how it is phrased, your loss of employment can have profound effects on you and your family. It’s important to consult an employment lawyer toronto as soon as possible so they can protect your legal rights and ensure you get the severance package and notice entitlements to which you are entitled.

Our firm routinely assists clients with negotiating employment settlements. These arrangements often involve an agreement to pay an employee a sum of money in exchange for release of a claim against the employer. Depending on the facts of each case, this could result in substantial tax consequences for both parties.

Traditionally, it has been common practice for counsel to include a tax indemnity clause in employment dispute settlement agreements. The intent is to guarantee that the CRA will not challenge the characterization of a payment as general damages. However, this approach appears to be coming to an end. CRA recently announced that it will now treat these payments as reportable transactions.

Littler’s dedicated employment tax team has the experience, resources and expertise to advise on the most complex payroll tax issues that arise in employment and labour-related matters. We work closely with our firm’s other practice groups to provide comprehensive, proactive advice to employers of all sizes on federal and state employment tax regulations. We can help you navigate the increasingly complex and demanding regulatory environment. Our clients trust us to provide them with sound, strategic guidance in these challenging times. To learn more, contact our office today. We offer free, no obligation consultations and can work on a contingency fee basis. If you decide to retain our services, we will discuss consultation and payment specifics at that time.