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 .
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* where the benefit is to be paid out tax free to the member and assuming the taxable benefit is accrued each pay period.