News and Insights

Canada Revenue Agency Updates Employer’s Guide to Taxable Benefits

Tax Development Nov 01, 2019

The Canada Revenue Agency (CRA) has released an updated version of publication T4130, “Employer’s Guide – Taxable Benefits and Allowances.”  The guide clarifies an employer’s responsibilities in determining taxable benefits, calculating the value of benefits and allowances, and determining when GST/HST must be remitted on the value of the benefit.