Re: CANADA Jan 2026 Keys Bonus Overpayments Recovery

From
Sharon Speirs <sspeirs@thekey.com>
To
Irin Eva <irin.eva@thekey.com>
CC
Timothy Thomas <tt@thekey.com>, Germaine Daniels <germaine.daniels@thekey.com>, Robert Valliant <bob.valliant@thekey.com>
Date
2026-03-18 13:09:22
Folder
INBOX
--000000000000e7326c064d52073f Content-Type: multipart/alternative; boundary="000000000000e7326b064d52073e" --000000000000e7326b064d52073e Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Thank you Irin, I appreciate the response. I will send to my team so they can read this and contact Canadapayroll@theykey with any concerns or questions.com Sharon Sharon, Speirs General Manager Vancouver, BC Office: 778.279.3634 sspeirs@thekey.com TheKey.ca [image: TheKey] On Wed, Mar 18, 2026 at 12:56=E2=80=AFPM Irin Eva wro= te: > Hi Sharon, > > If the amount is repaid in the same tax year it was paid, we reverse the > original earnings through payroll. This adjusts the following: > > - Gross earnings: Decreased > - Income tax: Decreased > - CPP: Decreased > - EI: Decreased > > As a result, your taxable income is corrected automatically, and your T4 > will reflect the correct net earnings. No extra action will be required o= n > your part at tax time. > > Thanks, > Irin > > > On Wed, Mar 18, 2026 at 3:29=E2=80=AFPM Sharon Speirs wrote: > >> Hi Irin >> >> My team is asking about the tax implications, specifically the taxes >> taken off due to the overpayment? >> How does that work so I can let them know how they will get it back? >> Sharon >> >> Sharon, Speirs >> >> General Manager >> >> Vancouver, BC >> >> Office: 778.279.3634 >> >> sspeirs@thekey.com >> >> TheKey.ca >> >> [image: TheKey] >> >> >> >> >> >> >> >> On Wed, Mar 18, 2026 at 11:05=E2=80=AFAM Irin Eva = wrote: >> >>> Hi Sharon: >>> >>> There was a discrepancy in the bonus amounts for this week=E2=80=99s Va= ncouver payroll, >>> and we need to deduct the overpayment. >>> >>> Could you please check with the team how they would like to recover? >>> Specifically, would they prefer a single deduction or to spread it acro= ss >>> multiple payments? >>> >>> Once you have confirmed their preference, we will issue a wage agreemen= t >>> form based on that information. >>> >>> [image: image.png] >>> >>> Thanks, >>> Irin >>> -- >>> >>> *For All Kind of Payroll Inquiries Please Copy Canada Payroll Email >>> - canadapayroll@thekey.com * >>> >>> >>> Irin Nahar Eva, PCP, PLP (CPM) >>> >>> Payroll Manager - Canada >>> >>> *647-932-6409 * >>> >>> irin.eva@thekey.com >>> >>> >>> > > -- > > *For All Kind of Payroll Inquiries Please Copy Canada Payroll Email > - canadapayroll@thekey.com * > > > Irin Nahar Eva, PCP, PLP (CPM) > > Payroll Manager - Canada > > *647-932-6409 * > > irin.eva@thekey.com > > > --000000000000e7326b064d52073e Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Thank you Irin, I appreciate the response. = I will send to=C2=A0 my team so they can read this and contact Canadapayrol= l@theykey with any concerns or questions.c= om Sharon Sh= aron, Speirs General Manager Vancouver, BC Office: 778.279.3634 sspeirs@thekey.com TheKey.ca =C2=A0=C2=A0 <span style= =3D"font-size:11pt;f

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