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Talking About Financial Matters That Affect You and Your Organization
Taxable Benefits – T4
Dec 19th, 2019
As we enter the year end, it is important to remember that
employer paid premiums for Life, AD&D, Dependent Life, Critical Illness and
Long-Term Disability* premiums must be shown as a taxable benefit. In Quebec,
all premiums paid by the employer must be recorded as a
taxable benefit. You can learn more about
the taxable benefits on
CRA’s
site
.
Selectpath has uniquely positioned itself to be a valuable
resource for clients to provide a competitive advantage in areas such as
employee education and engagement, plan sustainability, administrative
processes and program flexibility.
* where the benefit is to be paid out tax free to the member and assuming the taxable benefit is accrued each pay period.