The article presents update on the Canada Revenue Agency's (CRA) revised T4130 Employer's Guide Taxable Benefits. According to CRA, child care is not taxable if the services are provided at the employer's place of business, the services are managed directly by the employer, the services are...
Two recent CRA technical interpretation letters, each released in the past month, discussed whether certain employer-provided benefits would be considered taxable. The first concerned employer-provided COVID-19 testing, and the second was employer-provided identity theft protection services. Let’s take...
Total amount taxable in the year (add lines 1 and 2)270=3 Part XII.2 tax: Amount from line 3x 2/3 =4 Part 2 – Calculating Part XIII non-resident withholding tax •The trustee has to withhold Part XIII tax and send it to us by the 15th day of the month after the month the ...