Payroll deductions

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https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/financial/loans-interest-free-low-interest/payroll-deductions.html

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Payroll deductions

If the benefit is taxable, it is also pensionable. Deduct CPP contributions and income tax.

However, it is not insurable since it is a non-cash benefit. Do not deduct EI premiums.

Do not include GST/HST in the value of this benefit.


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Date modified:
2016-12-15