Canada’s Income Tax Act is generally not a place people turn to for easy answers, so figuring out whether benefits provided to employees are taxable or not can prove a challenge. “There are a lot of different rules and exceptions,” says Kevin Stienstra, a senior tax manager at Grant Thornton LLP in Beamsville, Ont. “That […]
Canada’s Income Tax Act is generally not a place people turn to for easy answers, so figuring out whether benefits provided to employees are taxable or not can prove a challenge. Here’s a breakdown of the CRA’s take on some of the more common benefits offered by employers: Automobile allowances Payments made to employees who […]
Throughout 2012, Ted Menzies, then the federal minister of state for finance tasked with the development of pooled registered pension plans, consistently proclaimed they were “the right solution at the right time” to get Canadians saving for retirement. Unfortunately for Menzies, his enthusiasm never really rubbed off on the country’s provincial governments, whose help he […]
When Sandy Coughlin first joined B.C. health provider Providence Health Care in 1996, she didn’t see herself as much of a numbers person. Two decades on, the conversion is complete for the organization’s director of occupational health and safety. “I’m a data geek and proud of it,” she says. Coughlin’s moment of transformation came just […]