Are you accurately reporting employee taxable benefits?The article presents the author's insights on the importance of reporting employee taxable benefits in Canada to avoid higher employee taxes by the Canada Revenue Agency (CRA).BissonetteLaurie...
Are grants taxable income in Canada? In most cases,grants and bursaries are considered taxable income. If you are a self-employed artist, grants that are intended to help you produce “a literary, dramatic, musical or artistic work” (Canada Revenue Agency (CRA)) are included as part of yo...
In some cases, you will need to include GST and HST when calculating taxable benefits. You can look at thebenefits chartto find out if you need to include these. When assessing the value of the taxable benefit, the amount of GST/HST is calculated based on thegross amountof the benefit. ...
In most cases, scholarships, fellowships, orbursaries are not taxableand need not be reported as income on your tax return, if you received them while enrolled as a student in a program that entitles you to claim the “education amount” on your tax information, as defined by Canada Revenue...
Technically most gifts given to employees (including Kudos Rewards) are considered taxable benefits. That means that they are considered additional income, and the value of the reward should be included in your employee's year-end tax forms. But ultimately, this is at the discretion of your fin...
cash tips totaling more than $20 in a one-month period electronic tips paid through credit, debit, or gift cards tips received from other employees that are paid to you through tip pools, tip splitting, or other tip-sharing arrangements ...
CRA updates employers' taxable benefits guide. 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 taxab... Smolkin,Sheryl - 《Employee Benefit News Canada in Brief》 被引量: 0发表: 2008年 ...
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employees must include in their income the value of any benefits of any kind received by the employee “in respect of, in the course of, or by virtue of his or her employment.” In determining whether an employee must include the value of a benefit received, theCanada Revenue Agencylooks ...
According to the IRS, people who provide childcare either in their own homes or elsewhere must include the amount they receive as taxable income. This rule also applies to any money you receive if you babysit.9 If you receive certainfringe benefitsas a director, partner, or through your emplo...