Is there a taxable benefit?

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https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/gifts-awards-social-events/there-a-taxable-benefit-9.html

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Is there a taxable benefit?

Answer questions separately for each gift or award you give your employee. In the process, we will ask you to note the fair market value of the items in a worksheet below. Please print so that you can complete it as we will instruct you. It will help you calculate the total taxable benefit.

Calculating the fair market value of gifts and awards
Item Column A – FMV of the Gift or Award Column B – FMV of the Long Service Award Column C – FMV when item falls outside our gifts and awards policy

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Date modified:
2016-12-08