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1. www.ctvnews.ca › politics › fact-check-are-employeeFact check: Are employee discounts taxed, or not? - CTV News

   www.ctvnews.ca › politics › fact-check-are-employee

   Oct 11, 2017 · For example: if an employee receives a 60 per cent discount on product at the store they work at, and that discount is not available to the public, the CRA now considers the difference...

   • Revenue Minister Reviewing CRA Guidance on Taxable Employee Discounts

     CTVNews.ca Staff Published Tuesday, October 10, 2017 12:16PM...

2. hicksmorley.com › 2017/10/11 › employee-discounts-toHicks Morley | Employee Discounts: To Tax, or Not to Tax ...

   hicksmorley.com › 2017/10/11 › employee-discounts-to

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   Oct 11, 2017 · In 2016, the CRA published an updated technical document on “Benefits and Allowances Received from Employment” (Income Tax Folio S2-F3-C2*), which provides that employee discounts on merchandise for less than fair market value are considered taxable benefits under the Income Tax Act.

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4. www.thetaxadviser.com › issues › 2017IRS guidance offers useful reminders about employee discount ...

   www.thetaxadviser.com › issues › 2017

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   Sep 1, 2017 · Companies offering employee discount plans should review their plans closely in light of this IRS guidance to determine whether they must make adjustments to align with statutory and regulatory requirements.

5. www.canada.ca › en › revenue-agencyLoans and employee debt - Canada.ca

   www.canada.ca › en › revenue-agency

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   Jan 1, 2023 · Depending on your situation, the interest benefit may not be taxable under the CRA's administrative policy . Forgiven loans you provide to your employees or a shareholder are always taxable. You need to determine if the benefit was received from the loan or debt.

6. golayer.io › finance › how-to-calculate-cost-of-debtHow to Calculate Cost of Debt (With Examples) | Layer Blog

   golayer.io › finance › how-to-calculate-cost-of-debt

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   Mar 13, 2024 · In this guide, you will learn about the cost of debt, as well as how to calculate it before and after taxes have been paid. You will also learn how to use Microsoft Excel or Google Sheets to calculate the cost of debt and how a tool like Layer can help you synchronize your data and automate calculations. How to Calculate Cost of Debt?

7. www.canada.ca › en › revenue-agencyMerchandise discounts and commissions from personal ... - Canada

   www.canada.ca › en › revenue-agency

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   This page is for employers who provide their employees with discounts on merchandise or commissions on sales. It will help you determine if the benefit is taxable and discuss the different reporting requirements.

8. People also ask

   What is a taxable benefit if an employee receives a discount?

   • The employee of B uses the discount to purchase a TV for $300. The undiscounted price of the TV to the public is $400. The benefit received is a taxable benefit as the discount was received as part of a reciprocal arrangement with another employer where the employees of each receive discounts from the other employer.

   Merchandise discounts and commissions from personal purchases

   www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/discounts-on-merchandise-commissions-personal-purchases.html

   See all results for this question

   Are discounts taxable?

   • Content has been updated for clarity, completeness and plain language. No changes were made to the current Canada Revenue Agency (CRA) administrative policy. Generally, discounts for merchandise you provide to your employees are a taxable benefit. Depending on your situation, the benefit may not be taxable under the CRA's administrative policy .

   Merchandise discounts and commissions from personal purchases

   www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/discounts-on-merchandise-commissions-personal-purchases.html

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   What if the employee discount rate is more than 20%?

   • The OCC, noting that the employee discount rate was more than 20% of the published rates, stated that the employer must include the excess discount in the employees' gross income as a taxable fringe benefit and withhold and pay employment taxes on that amount.

   IRS guidance offers useful reminders about employee discount plans

   www.thetaxadviser.com/issues/2017/sep/irs-reminders-employee-discount-plans.html

   See all results for this question

   What is an employee discount?

   • In cases where the employer offers a discounted price to a discrete customer group, and the sales at that discounted price comprise at least 35% of gross sales for a representative period, then in determining the employee discount, the discounted price is considered the price at which the service is being offered to customers.

   IRS guidance offers useful reminders about employee discount plans

   www.thetaxadviser.com/issues/2017/sep/irs-reminders-employee-discount-plans.html

   See all results for this question

   What is an example of an employee discount plan?

   • Qualified property and services must be offered for sale in the ordinary course of the taxpayer's trade or business in which the employee provides services. For example, employee discounts provided on merchandise only available to employees through a company store will not qualify for exclusion as an employee discount plan.

   IRS guidance offers useful reminders about employee discount plans

   www.thetaxadviser.com/issues/2017/sep/irs-reminders-employee-discount-plans.html

   See all results for this question

   Do you have to report a 60 percent discount?

   • If it's not available to the public, it's a benefit, and the CRA says that should be stated on employees' tax filings. But, if the store that offers employees a 60 per cent discount, also offers the public a 60 per cent off sale at any point in that year, the employer would no longer be required to report it. When did the change happen, and why?

   Fact check: Are employee discounts taxed, or not? - CTV News

   www.ctvnews.ca/politics/fact-check-are-employee-discounts-taxed-or-not-1.3627828

   See all results for this question

9. www.wallstreetprep.com › knowledge › cost-of-debtCost of Debt (kd) | Formula + Calculator - Wall Street Prep

   www.wallstreetprep.com › knowledge › cost-of-debt

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   Apr 21, 2024 · Cost of Debt for Public vs. Private Companies: What is the Difference? 1. Input Bond Assumptions in Excel. 2. Cost of Debt Calculation Example. 3. After-Tax Cost of Debt Calculation Analysis.