CRA recently noted that where a proprietor purchased a Disability Income Policy, the premium is a non-deductible personal expense. But the receipt of the disability benefits is tax-free. If a corporation acquires a Policy for the employees, the premiums are… {Read more}
Tag: taxable benefits
2011 Automobile Deduction Limits
Government announces automobile allowances….
Turning Personal Medical Expenses into Corporate Expenses
A Health and Welfare Trust provides expanded medical and dental coverage
Rules for gifts and awards
Did you know that a gift or award that you give an employee is a taxable benefit from employment, whether it is cash, near cash, or non cash.
CRA: Changes to Taxable Benefits
Recently the CRA announced new changes with regards to employee taxable benefits…
Remitting GST/HST on Taxable Benefits
Did you know that GST/HST must be remitted on a taxable benefit…
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