Title
Council Compensation
Proposed Motion
That the Council Compensation update be received for information, as presented.
Body
Administration Recommendation
Administration supports the recommendation.
Purpose
To provide an update with regards to the upcoming changes to the Income Tax Act.
Summary
Council Policy C-AD22, Council Compensation, is subject to the Federal Government Income Tax Act change, eliminating the one-third tax-free option for elected office holders across Canada, effective January 2019. This impacts Parkland County Council Policy C-AD22, Council Compensation, and Schedule A of the Policy.
Strategic Plan/Policy/Legal/Staff Implications:
Council Policy C-AD22, Council Compensation
Financial Impact:
Cost: 0
Source of Funding: N/A