Taxable Benefits
Read this section if either of the following applies to you:
- You are an employer and you provide benefits to your employees.
- You provide benefits to an individual who receives them as a shareholder or as a member of a partnership (partner).
You will find information on the principal changes concerning taxable benefits granted in the past year and information to help you determine if you need to include the value of a benefit in an employee's income.
In calculating the value of a taxable benefit to include in an employee's income, you must take into account the GST and QST the employee would have paid had they personally purchased the property or service that constitutes the benefit. However, do not add GST or QST to taxable allowances or to other taxable benefits in cash. For more information, click Employee Benefits and Expenses Incurred by Employees, Partners and Volunteers.
Taxable benefits
See the list of taxable benefits for more about the most common benefits granted to employees, shareholders and partners.