If I Don't Pay For It, Should I Have To Be Taxed On It?

 

Many business owners and individuals are caught by surprise each year when the Canada Revenue Agency assesses additional income tax as a result of personal expenses paid on behalf of employees by their employers. In our December 2016 newsletter, available here discusses some of the more common taxable benefits that often get missed on T4’s. If you think you may run into this issue, please contact our office at 613-235-2000 and ask to speak to Jaime Wendland for more information.