Payment of consulting Fees to an individual is considered taxable income.
When the University is issuing this type of payment, it is the responsibility of Financial Services to ensure that legislation set out by Revenue Canada is followed.
Note: If an individual receiving a consulting fee is also being reimbursed for travel expenses, please submit the travel expense on a separate travel claim. Further to the Broader Public Sector Expenses Directive, not all expenses incurred by consultants are eligible for reimbursement. For further information, please refer to the Strategic Procurement Services website.
If the payee is a non resident of Canada, the University is required to withhold 15 % tax. In this case, please indicate whether the mount noted on the requisition under "amount of cheque" is "GROSS' or "NET" of tax.
To initiate payment, use a SALARY REQUISITION in all cases except the following:
In the above noted cases use CHEQUE REQUISITION and provide the following information
If you have questions regarding a specific consulting fee payment, please contact the Financial Services Support Centre.