Ask Allan Forum

Get expert answers to your tax questions straight from Allan, our owner and experienced CPA. It’s free, direct, and designed to help you make the best decisions when it comes to your taxes.

Health Benefits tax...
 
Notifications
Clear all

Health Benefits taxation for a Shareholder

2 Posts
2 Users
0 Reactions
1 Views
Posts: 0
(@Anonymous)
Joined: 1 second ago
[#494]

Hello Team,
I am a shareholder of a company, and withdraw dividends each month.
Also I have a group health benefits plan which is the same as all the employees of my company have. Please, advise what form/slip should I file to report my health benefits to CRA? And what code should i use?


1 Reply
Posts: 663
(@dexter)
Joined: 3 months ago

Hi Mariam,

Group benefits (medical and dental) are not a taxable benefit, so long as you (shareholder) are also an employee and the benefits you receive are the same as the rest of the employees.


Reply
Share: