Employment

There are a number of "perks" that your employer could provide to you that would be treated as a taxable benefit (i.e. income inclusion) on your T4 at the end of a calendar year. The benefit to you is that you only pay the income tax on the income inclusion & not the entire cost of the benefit itself.

For a list of possible taxable benefits that an employer can provide, please click on the link below.

If in certain situations, you can request to lower your taxes withheld from your pay.

Examples of such situations would include:

• Child care expenses
• Support payments
• RRSP contributions
• Charitable donations

Click on the link below to obtain more detail.