Author Topic: Extended benefits, drugs, dental, optical, etc.  (Read 164 times)

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Offline msj

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Re: Extended benefits, drugs, dental, optical, etc.
« on: June 29, 2017, 12:06:06 am »
Agreed.

I pay MSP premiums for my staff and that is a taxable benefit: included as taxable income on their T4 for income taxes and CPP purposes. 

Also pay into a health service trust for them and is that taxable?

Nope, non-taxable benefit. 

I get a tax deduction while they/I partipate in the plan and pay no income tax on it.

In my healthy years I use my health trust to pay for registered massage therapy for "stress relief."

Sometimes the wife and I go to Scandinave spa in Whistler and buy the RMT treatment and then use the pools/sauna/steam room for a few hours.  All for "free" (well, in my case, as a tax deduction since I am paying into the plan).

So, yes, this is nauseating and is a violation of the horizontal equity principle: http://www.investopedia.com/terms/h/horizontalequity.asp



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