An honorarium payment to an individual is considered salary and is therefore 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 an honorarium is also being reimbursed for travel expenses, please submit the travel expenses on a separate travel claim .
Note: If the payee is a non resident of Canada, the University is required to withhold 15% tax. In this case, please indicate whether the amount noted on the requisition under "Amount of Cheque" is "GROSS" or "NET" of tax.
When a gift is being substituted for an honorarium, the department must inform Financial Services of this arrangement; (a letter to Financial Services stating who is receiving the gift from the University). Since a gift in lieu of money is classified as a taxable benefit by Revenue Canada, the University has a legal obligation to comply with income tax legislation.
Use the CHEQUE REQUISITION form for these exceptions and provide the following information.
If you have questions regarding a specific honorarium payment, please contact the Financial Services Support Centre.