Other Benefits
Consult the table below to find out whether a taxable benefit is subject to source deductions and contributions and see in which boxes of the RL-1 slip (see courtesy translation RL-1-T) the value of a benefit has to be included.
Important
Click a link to learn more about a benefit and to find out if you have to include its value in an employee's income.
See Benefit Provided to an Employee for information about benefits in kind.
Get information on the basic conditions for making source deductions and paying employer contributions.
Notes
- This benefit is generally not taxable and is not subject to source deductions and employer contributions.
- These amounts are not a taxable benefit for the employee, but are subject to QPP contributions, the employer contribution to the health services fund, the contribution related to labour standards and, where applicable, the contribution to the WSDRF, at the time they are made or paid.
- The total of all amounts paid to the volunteer (including any financial compensation) is not subject to QPP contributions if the employment is considered excepted employment under the QPP.
- The total of all amounts paid to the volunteer (including any financial compensation) is not subject to QPIP premiums if the employment is considered excepted employment under the QPIP.
- Only the portion of the financial compensation that exceeds $1,315 for 2023 ($1,380 for 2024) is subject to the contribution to the health services fund and, where applicable, the contribution to the WSDRF. The financial compensation is not subject to the contribution related to labour standards.
- If the debt was contracted to acquire investments, you have to enter “L-4” in a blank box of the RL-1 slip, followed by the amount of the benefit resulting from the debt.
- If the benefit is not a taxable benefit for federal income tax purposes, the professional dues reimbursement is not subject to the QPIP.
- The benefit is not subject to source deductions of income tax if you remit the amount directly to the RRSP issuer.
- The benefit is not subject to QPIP premiums if you make a contribution to a group RRSP and the employee cannot withdraw amounts before their retirement or termination of employment (the only exception being amounts the employee can withdraw under the Home Buyers' Plan [HBP] or the Lifelong Learning Plan [LLP]).
- If you made an election under subsection 110(1.1) of the federal Income Tax Act, you have to enter “L-8” in a blank box of the RL-1 slip, followed by the amount of the payment. In addition, if the employee can claim a security option deduction, you must enter “L-9” in a blank box, followed by the amount of the security option deduction, for securities acquired in the year, or “L-10” followed by the amount, for securities sold in the year. If the employee died before exercising the security option, you have to enter “L-7” in a blank box of the RL-1 slip, followed by the value of the benefit related to the security option at the time of death that the employee is deemed to have received.