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Local Business

Why It May Pay to Skip the Staff BBQ

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By: Cory G. Litzenberger, CPA, CMA, CFP, C.Mgr – President & Founder of CGL Strategic Business & Tax Advisors.

Say you are a business and you invite your 30 staff to your annual Employee BBQ

The company shells out $1,500 for the event at $50 a person fully expecting everyone to attend but as luck would have it, the weather doesn’t co-operate, so most people stay home.

When it is all said and done, only 9 diehard employees show up.

Well, it gets worse.

According to the Canada Revenue Agency these loyal 9 employees now have a taxable benefit.

On April 9, 2018, the CRA released an (originally in French) Internal Technical Interpretation (2017-073125117 F). In this interpretation, the CRA states that the benefit is calculated based on the total cost paid by the employer divided by the number of attendees.

The CRA does not factor in total number invited, just those that show up.

When you take the full $1,500 cost and divide it among the 9 employees that actually attended, the per person benefit is now over $150. As a result, the employees in attendance have a taxable benefit to include in their income.

Meanwhile, those that stayed home, are not affected.

I can just imagine the office dynamics as the 9 people go on the warpath on the other 21, which only needed one of them to attend to avoid this issue.

While I can understand the intent of the provision to prevent large amounts being spent for only a few, it appears to be counter-productive where accidentally falling offside because of a decrease in attendance would now be considered a taxable benefit to those in attendance.

The meal consumed does not change.

The chair to sit on does not change.

But according to the CRA, the benefit changes.

This interpretation is problematic and should be corrected by the CRA or Finance.

Until then… stay home… it’s cheaper.

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food and dining

One Eleven Grill shows off new renovations and some new menu creations

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One of Red Deer’s favourite restaurants has put some major effort into updating their space and creating some new menu items. One Eleven Grill opened its doors in 2011 with as a fresh and innovative entry into the local dining scene.

They’ve recently completed renovations and spent considerable time and effort developing some tasty new menu items. Watch the video above to get an idea of what you’re in store for next time you head down to one of the city’s finest restaurants.

About One Eleven Grill: An inviting and stylish restaurant tucked into the heart of Red Deer just waiting for you to discover or rediscover.

Opened on the first day of November in 2011, One Eleven has been thoughtfully and skillfully preparing delicious food and drinks for Central Alberta for years.

Our passion is STEAK! We are committed to quality, serving only the very best locally-owned, grass fed Alberta Triple AAA Beef in both classic and unique cuts.

Our warm, inviting ambiance is the perfect backdrop for everything from a romantic evening, a gathering with friends and family and even a quiet business lunch during the week. We even feature live jazz every Friday and Saturday. Add in one of the best selections of wine in the region, and One Eleven will set the perfect tone for your weekend.

At One Eleven we’re committed to your total satisfaction and we celebrate the people and food of Red Deer and Central Alberta every day.

For amazing food, great music and good times with family and friends, keep One Eleven in mind.

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Local Business

Red Deer Chamber of Commerce accepting nominations for Business of the Year

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Now Accepting Nominations for the 2019 Business of the Year Awards

The Business of the Year Awards are organized by the Red Deer & District Chamber of Commerce and held annually in conjunction with Small Business Week.

The Business Awards are presented, in five categories, to exceptional businesses within the Red Deer area. All companies, Chamber members and non-members, are eligible for nomination for an award in their respective category.

“We have organizations doing extraordinary work in our community and far too often their accomplishments and charitable activities go unrecognized. Our entrepreneurs and businesses are incredibly humble so it gives of great pleasure to be able to recognize them” said Rick More, CEO of the Red Deer & District Chamber of Commerce.

The Red Deer & District Chamber of Commerce is now accepting nominations for the Business of the Year Awards in the following categories: 1-10 employees, 11-20 employees, 21+ employees, Young Entrepreneur and Non-Profit. Nominations can be submitted from the online nominations form. The deadline for application submission is July 26, 2019 at 4:30pm.

The Business of the Year Awards will be held on October 16, 2019 at the RDC Arts Centre & Foyer.

The Red Deer & District Chamber of Commerce is a collaborative leader in building a vibrant community and fosters an environment where businesses can lead, be innovative, sustainable, and grow.

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