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Tips and safeguards. You must apply for OAS, GIS, the Allowance, CPP and other federal programs. You will not receive them automatically. Because many programs use your income tax return to decide if you are eligible, you should file a tax return by April 30 each year even if you have no income to report.
- On this page
- Determine if the benefit is taxable
- Calculate the value of the benefit
- Withhold payroll deductions and remit GST/HST
- Report the benefit on a slip
- References
•Determine if the benefit is taxable
•Calculate the value of the benefit
•Withhold payroll deductions and remit GST/HST
•Report the benefit on a slip
Generally, cell phones and internet services you provide to your employees are taxable. Depending on your situation, the benefit may not be taxable under the CRA's administrative policy .
Situation: Allowances you provide to your employees for cell phone and internet services
The CRA's administrative policy does not apply if you give your employees an allowance for cell phone and internet services. The benefit received is always taxable.
To calculate the benefit, refer to: Calculate the value of the benefit.
Situation: Cell phones you provide to your employees
Under the CRA's administrative policy, if you provide your employee with a cell phone (or other handheld communication device) that you own and you require your employee to use the cell phone as part of their employment duties, the fair market value (FMV) of the cell phone or device is not a taxable benefit.
If the benefit is taxable, the value of the benefit is equal to the fair market value (FMV) of:
•Employee's personal use of cell phone or the cell phone service plans
•+plus Employee's personal use of internet service plans
•-minus Any amounts your employee reimburses you
•=eqauls Value of the benefit to be included on the T4 slip
The business use portion of the service is not a taxable benefit.
Non-cash and near-cash: Option 1
Withhold: Income tax CPP EI (do not withhold) Remit: GST/HST in certain situations
Cash: Option 2
Withhold: Income tax CPP EI Do not remit: GST/HST The amounts must be included in the pay period they were received or enjoyed. Learn how to calculate deductions and the GST/HST to remit on benefits: How to calculate – Calculate payroll deductions and contributions.
Non-cash and near-cash: Option 1
Report on: Box 14 – Employment Income Box 26 – CPP/QPP pensionable earnings Code 40 – Other Information
Cash: Option 2
Report on: Box 14 – Employment Income Box 24 – EI insurable earnings Box 26 – CPP/QPP pensionable earnings Code 40 – Other Information Learn how to report the benefit on a slip: Fill out the slips and summaries – File information returns (slips and summaries).
Legislation
ITA: 6 Amounts to be included as income from office or employment ITA: 6(1)(a) Value of any benefit is to be included as income from office or employment ITA: 6(1)(b) Allowance for any purpose CPP: 12(1) Amount of contributory salary and wages ETA: 173 Taxable benefit is considered a supply for GST/HST purposes IECPR: 2(1) Amount of insurable earnings IECPR: 2(3) Earnings from insurable employment IECPR: 2(3)(a.1) Earnings from insurable employment – amount excluded as income under 6(1)(a) or (b), 6(6) or (16) of the ITA
How to determine your income. When applying for the Guaranteed Income Supplement and the Allowance, you, or in the case of a couple you and your spouse or common-law partner, must report your income and deductions. Do not include Old Age Security, Guaranteed Income Supplement, Allowance, or Allowance for the Survivor payments as income.
Jun 20, 2024 · We’ve also written about qualifying when over the asset limit. Almost all income is counted toward Medicaid’s monthly income limit – Social Security benefits, pension payments, IRA payments, property income, alimony, stock dividends, salary, wages, etc. If the total of the income is below the limit, the applicant can be eligible for ...
Alberta Seniors Benefit. Payment frequency: Monthly. Maximum payment: $3,792 (single), $5,687 (couple) Eligibility requirements: Be 65 years or older, a Canadian citizen or permanent resident, resided in Alberta for at least 3 months, receive the Old Age Security pension, and meet financial criteria.
To apply for assistance, contact EIA by phone at 204-948-4000 or visit their office at 111 Rorie Street in Winnipeg. If you want, you may ask a friend, family member or other person you know to help you talk with EIA. List of Service locations in Winnipeg. List of Service locations outside of Winnipeg.
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The Persons with Persistent Multiple Barriers (PPMB) benefit is a category of income assistance provided by the Ministry of Social Development and Poverty Reduction. It is available to people who are not able to work due to long-term medical conditions and other barriers to employment. The medical condition must be severe enough that it ...
