News and Insights

CRA Guide T4130, “Employer’s Guide – Taxable Benefits and Allowances”

Tax Development Feb 15, 2009

The Canada Revenue Agency has made their annual revision to this guide on taxable benefits. This version discusses the new residency deduction limits for employees who live in a prescribed zone, a proposal for revised record keeping for motor vehicle log books and a new graduated penalty structure for late payroll remittances.

CRA T4130