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Fuel Cutoff Mystery: Air India Crash Sparks Global Concern

A preliminary investigation into the tragic crash of Air India Flight AI171 has revealed that both engine fuel cutoff switches were flipped just seconds after takeoff, starving the aircraft of power and leading to its fatal descent. The Boeing 787-8 Dreamliner, en route from Ahmedabad to London Gatwick on June 12, crashed into a residential area, killing 260 people — including 19 on the ground — and leaving only one survivor. According to India’s Aircraft Accident Investigation Bureau (AAIB), cockpit voice recordings captured one pilot asking the other why the fuel had been cut off. The response: “I did not do so”. The switches were flipped within one second of each other, a sequence experts say would be highly unusual and difficult to do accidentally. While both engines attempted to restart, only one regained partial thrust before the aircraft crashed. The report did not identify any mechanical faults with the aircraft or its GE engines, and no recommendations were made for Boeing or ...
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CRA may tax company gifts to employees, depending on what it is and how much it’s worth

 


Here is a short article about the tax rules surrounding gifts by employers in Canada:

The Canada Revenue Agency (CRA) distinguishes between gifts, awards, and long-service awards. The value of gifts and awards are generally taxable to employees as employment income, but certain non-cash gifts and awards may not be taxable under the updated administrative policies.

A gift is something given to an employee for a special occasion such as a religious holiday, birthday, wedding, or the birth of a child. Gifts given around this time of year will generally fall under this category. 

An award is given for an employment-related accomplishment such as outstanding service, or an employee’s suggestion. It recognizes an employee’s “overall contribution to the workplace, not recognition of job performance.” 

A valid, potentially non-taxable award has clearly defined criteria, a nomination and evaluation process, and a limited number of recipients, according to the CRA. Contrast this with a reward, which is provided to employees for performance-related reasons, such as meeting or exceeding sales targets, or completing a project. These rewards are considered to be taxable benefits to the employee, akin to a bonus or extra compensation. 

Under the CRA’s administrative policy, employees can receive an unlimited number of tax-free non-cash gifts or awards each year, provided the combined total fair market value of those gifts and awards is less than $500 (including tax). Excluded from this $500 limit are small items or items of a trivial value such as coffee or tea, T-shirts, mugs, plaques, and trophies. If, however, the total of non-cash gifts and awards is more than $500 in a calendar year, the amount over $500 will be considered a taxable employment benefit.


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