The technical definitions for combustible dust vary. In Canada, the Hazardous Products Regulation (WHMIS 2015) defines combustible dust as  a mixture or substance that is in the form of finely divided solid particles that, upon ignition, is liable to catch fire or explode when dispersed in air.
Some rewards from employee incentive contests are exempt from income tax. Such rewards must be tangible personal property, for example, material goods that are for personal use and that are not deductable from the companyâs operating costs. Such rewards are not classified as income, but only up to the value of $1,600.
An employee stock ownership plan (ESOP) is a type of qualified plan that has important tax consequences for both employers and employees. Whether youâre an employer or an employee, knowing how an ESOP offers tax advantages can help you make the best use of this type of retirement plan.ontributions by the Employer. Employer corporation contributions to an ESOP are deductible in the year they are actually made to the plan. The contribution can consist of cash or the employer corporationâs stock. If a contribution is made in stock, the employer wonât recognize any gain or loss on its taxes.