Income Tax: Employee Benefits

Income Tax: Employee Benefits
Distance Learning (DL) courses are sessions that have been recorded from live, in-person offerings and made available as on-demand videos online, along with any corresponding course materials. Note these are purely self-study products and there will be no access to instructors for questions and answers. Each title qualifies for verifiable CPD hours upon successful completion of a quiz at the end of the session. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this, you will no longer have access to the quiz.

NOTE: Course login details are normally sent to registrants within one week from date of registration.


Recorded: October 2021 

Because the video recordings are taken from live seminars, the information presented is up-to-date at the time of recording. While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time. It is up to the purchaser to take note of the recording date, and to determine for themselves whether the recorded video is still relevant to their needs. 

In today’s knowledge-based economy, human capital and human resources represent increasingly valuable assets to all sizes and forms of business. The process of attracting and retaining skilled employees constitutes a critical success factor for most businesses, motivating employers to provide formal and informal benefits as part of their compensation package. The morale boost of employee benefits can quickly deteriorate when employees receive an unexpected tax bill from Canada Revenue Agency (CRA).

This half-day seminar provides a review of the income tax implications for benefits, including cases of owner-managers and arm’s length employees. You will enhance your understanding of income tax issues that arise from various types of benefits by assessing the tax-effectiveness of various benefit plans and employment benefit choices as well as ensuring compliance with the tax rules. You will also increase your ability to advise on tax-effective employee remuneration strategies using benefit plans.

By the end of this seminar, you will learn how to:

  • Apply their tax knowledge to assess the tax implications of various employee benefits
  • Advise employers on the tax issues which must be considered in selecting and delivering employee benefits
  • Incorporate the tax implications into their evaluation of employment benefit alternatives
  • Evaluate the income tax implications of existing and proposed employment benefits

This seminar covers several topics, including:

  • Income tax treatment of benefits
  • Employee allowances and automobile benefits
  • Goods and Services Tax and Harmonized Sales Tax (GST/HST)
  • Planning opportunities for key employees
  • Stock Options
  • Other employee benefits

Prior to enrolling in this seminar, participants should possess a basic understanding of personal and corporate taxation.

This seminar will benefit employers and advisors who want to understand the taxation of employee benefits, including both the general principals of taxation in this area and specific benefits that have unusual income tax complexities.

CPD-3.5 Hours

4/1/2022 - 3/31/2023 11:59 PM