Revenue Canada to tax employee discounts but Ottawa says it's not 'targeting' retail workers
Source: CBC News
The national revenue minister says she is not looking to target the country's retail workers, even after the Canada Revenue Agency (CRA) issued guidelines to business owners that could pave the way for new taxes on merchandise purchased with an employee discount.
CRA said, in a document posted on its website, that discounts for merchandise should be treated as a taxable benefit. The tax collector said, when an employee receives a discount on merchandise — as a benefit of their employment — the value of the discount should then be included in the employee's income at tax time.
"However, no amount is included in the employee's income if the discount is also available to the general public or to specific public groups," CRA said in its "folio," a document written in plain language and disseminated to employers to help them interpret the tax code.
Read more: http://www.cbc.ca/news/politics/revenue-canada-employee-benefits-tax-1.4348076
Why exactly did we elect a Liberal government if this is the crap they are going to do to workers?
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