Taxable benefits in Canada for group benefits products

16/01/2024 20 min

Listen "Taxable benefits in Canada for group benefits products "

Episode Synopsis

Employee benefits in Canada can be taxable - or not - depending on which specific product, depending on who is paying the premium, and under what circumstances. It's best to read the CRA canada.ca revenue Canada taxable benefits employers guide. You can also call them to ask more questions. Group life and long term disability insurance premiums are taxable benefits. Medical expenses in cash are also taxable benefits.