It is noted that an interactive questionnaire is being used to help employers to determine whether the parking they provide to employees is considered a taxable benefit. Meanwhile, the Payroll Deductions Online Calculator is available to calculate the required deductions from amounts being paid to ...
A flat-rate car allowance A flat-rate vehicle allowance that isn’t calculated based on the number of kilometers driven is considered taxable income. Since this is a lump sum you give to your employees in advance, it can’t be averaged at the end of the year and translated ...
There is also no taxable benefit for employees when parking is provided to employees for business purposes and when they regularly have to use their own automobiles.SmolkinSherylEBSCO_bspEmployee Benefit News Canada in Brief