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Newsletters>
Employee Benefits - CRA policy shifts
July 5, 2009
In case you weren't keeping up with your reading, the latest It News-40 released on June 11, 2009, has a significant adjustments to employee benefit policies:
http://www.cra-arc.gc.ca/E/pub/tp/itnews-40/README.html
Administrative Policy Changes for Taxable Employment Benefits
to reduce a number of administrative difficulties and increase fairness include:
•Overtime Meals and Allowances Provided to Employees
•Municipality or Metropolitan Area
•Loyalty Programs
•Employer Provided Motor Vehicles Required to be Taken Home at Night
•Non-cash Gifts and Non-cash Awards
•Surface Transit Passes Provided to Family Members of Transit Employees
but I don't see any shift in how Km logs are to move to a sampler. Finance indicated they would study such a move in the budget last year and there is a committee studying the matter, but no change in policy that I've seen.
Eileen Reppenhagen CGA does not research or endorse any product or service appearing in ads on this site. Before making any major financial decision(s) you should consult a qualified professional.
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