2. Tax-free income is food and beverage subsidy. Companies often give catering subsidies of tens of Canadian dollars to employees on business trips every day, or give catering subsidies to employees who work overtime. Since 2009, the IRS of Canada has no longer regarded these subsidies as taxable income. However, there is a restriction that the subsidy for overtime meals cannot exceed 17 Canadian dollars per person at a time.
3. The reward points of airlines and credit card companies need not be taxed. If you need to travel frequently, use your credit card to pay for air tickets, hotel rooms and car rentals. Although the company will reimburse you in the end, the points accumulated by airlines and credit card companies are your own. You can exchange the points of airlines and credit card companies for free air tickets, free hotels or free goods without paying taxes.
Your employer's college grants for your children are tax-free. Although the children who receive financial aid need to be declared as tax income, in most cases, the income of your children who go to college in one year is not up to the tax level.
5. The money in the personal medical service account set up by the employer for employees is not taxed; However, if you live in Quebec, this income is taxable when you pay the provincial tax.
6. It's the moving fee. If you need to move because of work, the company will reimburse and pay your moving expenses (including moving expenses, car rental expenses, hotel expenses, catering expenses, real estate economic expenses of selling houses, loss expenses of selling houses at low prices (no more than 65,438+05,000 Canadian dollars), notarization expenses when buying houses, expenses of terminating mortgage or rental contracts in advance, etc. ), these reimbursement expenses are tax-free.
7. Club membership fees are tax-free. If the boss pays you the membership fee of a club, you don't need to declare it as personal income tax as long as the purpose of participating in the club activities is for the benefit of the company. If the boss provides fitness equipment for his employees, there is no need to declare tax.
8 is to use the computer issued by the company to bring it home. As long as the computer is mainly used for working for the boss and other employees can use it, there is no need to file tax returns.
9. The clothes provided by the company need not be taxed.