TAX QUESTIONS? YOU ASK LAH!

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Q: I am an employee of a company. I also sell the company’s products and earn commission from the company. Should the company furnish a Form CP58 to me and declare the commission earned in the said form? 

A: No, the commission is not required to be declared in Form CP58 because you are not an appointed agent, dealer or distributor of the company, but an employee of the company. The commission shall be declared in the Form EA of the employee as it is an employment income. 

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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