Cash Stipend / Taxable Benefit Information
TD will provide you with a stipend via add-to-pay prior to travel, which will be reduced by the appropriate taxable benefit amount when processed. The after-tax amount can be used to pay for sundry expenses during the event, such as baggage fees.
IRS/CRA guidelines require some of the gifts you will receive as part of the program are to be reported as taxable benefits. There are also guidelines for your guest’s expenses during the trip (i.e. flight, meals, activities) which result in a taxable benefit to you as the TD colleague.
If your guest is also a TD colleague, it is required that the taxable benefits be attributed to them directly. Please make sure they understand that their participation in the event with you is considered a taxable benefit to them as a TD colleague.
Please note, TD will be paying for these taxable benefits on behalf of you and your guest, and there will be no net impact to your / their pay (but there could be impact while filing your taxes, as this is considered a taxable benefit in the year you receive the benefit).
Expenses
Per the above, baggage allowance and sundry expenses are to be covered using the stipend TD is providing. If you are travelling to the event by car, TD will cover the cost for mileage and valet parking.
For Canadian recipients, mileage expenses are to be submitted via the Travel & Expense system to cost centre T&E Canada, 4252-4252 - RETIREMENT & BENEFITS (4252) no later than December 23, 2022. Once completed, please submit a copy of your Travel & Expense claim to:
Neera Dhir (she/her)
HR Specialist, Global Recognition
Corporate Human Resources, TD Bank Group
66 Wellington Street West, 2nd Floor, Toronto, Ontario, M5K 1A2
For U.S. recipients, expenses are to be charged to your home RC via the Travel & Expense system no later than December 23, 2022. Once completed, please submit a copy of your Travel & Expense claim to:
Neera Dhir (she/her)
HR Specialist, Global Recognition
Corporate Human Resources, TD Bank Group
66 Wellington Street West, 2nd Floor, Toronto, Ontario, M5K 1A2
If you have any questions regarding expense submission, please contact Neera Dhir at neera.dhir@td.com.