GST/HST IMPLICATIONS ON COMMON INCENTIVES
BONUSES, COMMISSIONS, PRIZES & AWARDS
For direct sellers, one important aspect of running a successful compensation plan is offering bonuses, commissions, prizes and awards to recognize and incentivize high performance. While these incentives are a common feature of direct selling plans, their GST/HST implications are often overlooked. This blog outlines the key GST/HST considerations that direct sellers should keep in mind when providing such incentives.
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Bonuses Commissions & Prizes
Compensation Plan
Consideration
GST/HST Remittance
Independent Sales Contractors
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