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The amount reimbursed by the employer for the of the home internet is a taxable benefit and must be included in their income. The. $288 ( ($60 x 12 months = $720) x 40%) is the amount reimbursed for the personal use of the cell phone service plan. $288 is the value of the benefit to be included on the T4 slip.
- 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.
- Keeping records. You have to keep records for each year you claim expenses. These records must include all of the following: a daily record of your expenses, together with your receipts and any cancelled cheques.
- Employees earning commission income. This chapter describes the expenses you can deduct if you earn commission income. If you earn a salary, read Chapter 3.
- Employees earning a salary. This chapter describes the expenses you can deduct if you earn a salary. If you earn commission income, read Chapter 2.
- Transportation employees. In addition to the expenses listed in Chapter 3, you may also be able to claim the cost of meals and lodging (including showers) if you are an employee of a transport business, a railway employee, or other transport employee.
- Cell Phone and Internet Services. You can provide your employees with a cell phone that you own to carry out his or her work, the cost of the device is not considered a taxable benefit.
- Education and Professional Development Costs. Education costs, including tuition, textbooks, meals, travel, and accommodations, specifically related to upgrading or maintaining your employees’ skills are non-taxable benefits.
- Professional Dues. Professional dues reimbursed to your employees that benefit you as the employer are considered a non-taxable benefit.
- Recreational Facilities and Club Dues. Keeping your employees healthy through fitness can greatly enhance productivity and staff morale. If you provide an in-house gym/recreational facility or arrange for your employees to have the use of a recreational facility, the costs covered are not considered taxable benefits if the employer is the primary beneficiary.
The CRA’s assessing policy,therefore, is that an employee’s personal use of an employer-provided cell phone will not be a taxable benefit if all of the following apply: the employee’s personal use of the service does not result in charges that are more than the basic plan cost. When an employer wants to provide cell phone service as a ...
The first cost is that of acquiring a cell phone. If the employer purchases a cell phone and provides it to the employee to enable them to carry out their employment duties, the cost of that cell phone is not a taxable benefit to the employee. However, if the employee purchases the phone and is then reimbursed by the employer for that cost, the ...
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Sep 30, 2015 · Exception for company provided cellular phones. If all three of the following criteria are met, the personal use of the cellular phone service is not considered to be a taxable benefit: The plan’s cost is reasonable. The plan is a basic plan with a fixed cost. Your employee’s personal use of the service does not result in charges that are ...
