Code 36 - Interest-free and low-interest loans

If you provided an employee with an interest-free or low-interest loan, including a home-purchase and home-relocation loan, because of an office or employment (or intended employment), enter code 36 and the corresponding taxable benefit. Include this amount in box 14. If any amount was for a home-relocation loan, see code 37. For more information, see archived Interpretation Bulletin IT-421, Benefits to individuals, corporations and shareholders from loans or debt.

Date modified:

2015-12-17