Employee benefits from employers: Understanding what is and isn’t taxable
To help you understand which employee benefits from employers are taxable and which aren’t, Chartered Professional Accountants of Canada (CPA Canada) is providing you with easy access to this informative article on the subject from BDO Canada.
When it comes to the benefits employees receive at work, the rules regarding what’s taxable and what isn’t by the Canada Revenue Agency (CRA) vary depending on the benefit. Gain clarity on this topic and steer your organization in the right direction regarding its employee perks with this BDO Canada article, “Employment-related social events, gifts and awards: Are they taxable?”
Published in the December 2013 edition of the firm’s enewsletter, The Tax Factor, the article explains which employee benefits are exempted from taxes under the CRA’s gifts, awards and social events policy.