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- If the social events you provide to your employees do not meet all of the conditions above, it is a taxable benefit. If the cost of the event is more than the limit per employee, the full amount is taxable. To calculate the benefit, go to Calculate the value of the benefit.
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Are employer-provided social events taxable?
Are in-person social events taxable?
Is a virtual social event a taxable benefit?
Are virtual events taxable?
How much does an in-person social event cost?
Are employee benefits taxable?
Generally, benefits that employers provide to their employees are taxable under section 6 of the Income Tax Act (ITA), unless specifically excluded in the ITA. The administrative policies of the CRA identify conditions under which some of these benefits may not be taxable.
Where our policy on non-cash gifts and awards applies, only amounts over the $500 limit must be included in the employee's income. For example, if you provide gifts and awards with a total value of $650, there is a taxable benefit of $150 ($650 – $500).
- General information. What is a benefit, an allowance, or a reimbursement. Benefit. Your employee has received a benefit if you pay for or give something that is personal in nature
- Automobile and motor vehicle benefits and allowances. Information on the topics discussed in this chapter can be found at: Automobile and motor vehicle benefits.
- Other benefits and allowances. Aircraft Benefits. If you give your employee access to an aircraft for personal purposes, the employee receives a taxable benefit.
- Housing and travel assistance benefits paid in a prescribed zone. This chapter applies to you if you meet both of the following conditions: You are an employer or a third-party payer who provides employment benefits for board, lodging, transportation, or travel assistance.
Jan 3, 2023 · The limit of six social events that can be provided without a taxable benefit has not changed, but the limit of six now includes all in-person virtual, and hybrid social events. These six events must be to open to all employees.
Employee social events. In general, under the CRA’s existing administrative policy, employer-provided social events provided to all employees at a cost not exceeding $150 (including taxes) per person will not result in a taxable benefit to employees.
Jan 17, 2023 · In general, under the CRA’s existing administrative policy, employer-provided social events provided to all employees at a cost not exceeding $150 (including taxes) per person will not result in a taxable benefit to employees.
Jul 18, 2023 · Employers who make service awards, subsidize parking, or provide in‑person and remote social events for their staff should review these updated policies to ensure that they are not inadvertently providing taxable benefits.
