In Episode 16, we learn what constitutes a taxable benefit for Canadian income tax purposes and the implications for employers, from payroll withholding to reporting requirements.

Our experts also explain the obligation to remit GST/HST and QST in relation to certain types of taxable benefits and why many organizations are surprised by it. Potential complications in determining the value of a benefit and calculating any required sales tax remittance, important changes for the current reporting year, and upcoming deadlines are also discussed.