T4130 Employers' Guide-Taxable Benefits for 2004

By Yosie Saint-Cyr LL.B., Editor at HRinfodesk-Canadian Payroll and Employment Law News,
Updated August 2005 (Originally published January 2004)

The T4130 Employers' Guide-Taxable Benefits for 2004 is now available for download on the Canada Revenue Agency (CRA) (formerly the Canada Customs and Revenue Agency) website. The guide is for employers who provide benefits and/or allowances to their employees such as: automobile benefits; gifts, awards and social events; housing, board and lodging; housing and travel assistance; interest fee loans; group term life insurance and/or tuition fees.

Employers that would like to know all the tax implications of providing these benefits to employees-including if GST/HST and/or PST should be included in the value of the taxable benefit-should read the guide thoroughly.

An exclusion to the definition of automobile has also been added to the guide, as well as changes to the calculation for reducing the standby charge.

The guide can be accessed at T4130 - Employers' Guide - Taxable Benefits 2003-2004.

By Yosie Saint-Cyr LL.B., Editor at HRinfodesk

Published on HRinfodesk-Canadian Payroll and Employment Law News

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