Updated guide to employee taxable benefits available online

The Canada Revenue Agency (CRA) publishes an employer’s guide to the tax treatment of benefits and allowances provided to employees—the T4130(E). The most current version of that Guide has now been posted on the CRA Web site at http://www.cra-arc.gc.ca/E/pub/tg/t4130/t4130-10e.pdf.

The Guide covers such employee benefits as automobile benefits, gifts and awards, interest-free or low-interest loans, meals, transit passes, and tuition fees. As well, the changes to employer withholding and remittance requirements, which took effect as of January 1, 2011 in relation to the exercise of employee stock option benefits, are outlined.


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