Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Principal Issues: Update regarding S2-F3-C2
2018 TEI Conference
Question E2: Benefits and Allowances Received from Employment
Since October 2017, Income Tax Folio S2-F3-C2, Benefits and Allowances Received from Employment, has been “under review” and the CRA has indicated that employers should continue to follow current practices consistent with the information available in Guide T4130 Employers’ Guide - Taxable Benefits and Allowances. TEI invites the CRA to provide an update regarding this matter.
Response
At the Minister’s request, Income Tax Folio S2-F3-C2, Benefits and Allowances Received from Employment, was removed in October 2017 from the tax pages of the Canada.ca website. The Minister also asked the CRA to review the wording in the folio with respect to employee discounts on merchandise.
The CRA reviewed the wording with respect to employee discounts on merchandise in the folio and drafted new wording.
The revised folio continues to undergo additional review as per our internal procedures. During the review period, the CRA continues to administer employee discounts on merchandise in accordance with the administrative policy outlined in Guide T4130, Employers Guide – Taxable Benefits and Allowances, which is currently available on the tax pages of the Canada.ca website.
Shiri Trop
2018-078236
December 4, 2018
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