The total compensation paid to the employee in the calendar year plus any severance paid or payable to the employee in that year is the compensation amount for the purposes of the threshold assessment. If the total compensation equals or is greater than the threshold of $141,183 (2021: $136,805, 2020: $135,217, 2019: $132,824, 2018: $129,809, 2017: $127,765, and 2016: $126,375) then that employee’s compensation, including non-monetary benefits and severance pay, will be disclosed.
If an employee held multiple positions during the year at the University, the compensation for all positions will be combined for the disclosure.
i. Employee A's T4 (Box 14) shows $130,000 in 2016. Employee A is over the threshold and her compensation must be disclosed.
ii. Employee B's T4 (Box 14) shows $103,000. He was also paid a retiring allowance of $20,000. The total of these two amounts is $123,000, which is less than the threshold and therefore his compensation is not disclosed.
iii. Employee C's T4 (Box 14) shows $85,000 in 2016. In 2016 she was also entitled to a severance allowance of $50,000, payable over 2 years. Her compensation must be disclosed as the total compensation paid and payable in 2015 was $135,000.