CANADA REVENUE TREATS EMPLOYEE RELOCATION EXPENSES DIFFERENTLY FOR EMPLOYER SPONSORED VERSUS EMPLOYEE PAID RELOCATIONS. THERE ARE SERVICE CATEGORIES THAT ARE NON-TAXABLE WHEN PAID BY THE COMPANY, BUT ARE TAXABLE WHEN PAID BY THE EMPLOYEE. LET US HELP YOU DISCOVER HOW TO TAKE ADVANTAGE OF TAX CREDITS AND SAVINGS FOR THE COMPANY AND EMPLOYEE!
Introducing Mobility Partners (MPI), a full-service Employee Relocation Management Company that has helped thousand of employees and their companies with their relocation needs. MPI’s mission is to make life simple for the employee, the family, the company and the chain of suppliers needed to ensure a smooth transition, with savings and tax credits every step of the journey!
LET’S START BY SAYING NOT ALL RELOCATIONS ARE ALIKE AND RELOCATION POLICIES DIFFER BY EMPLOYEE POSITION AND CIRCUMSTANCES
- Company sponsored relocations- the company has either one policy or tiered policies related to the job function. The company selects the service suppliers and makes all arrangements including direct payment.
- Lump Sum Payment- a one time payment to the employee to cover the anticipated cost or partial cost of the relocation.
- Capped Relocation expenses – there is a fixed relocation budget, and the employee draws from this fund as needed to the capped amount.
Regardless of the type of relocation or who is arranging services, MPI will have one point of contact with a customer care representative for the company and for the employee through their entire journey!