"Here in the Great White North, we have a number of things to be thankful for after our Thanksgiving this past long weekend (yes, Canada's Thanksgiving falls in October). We can be thankful for our families, our freedoms, and of course food to fill our bellies during holiday seasons. However, one thing many Canadians may not feel so thankful for after this weekend, especially those who work in retail, is the new interpretation of the Income Tax Folio S2-F3-C2 recently published by the Canada Revenue Agency (CRA).
Anyone who works in retail knows that it can be both a rewarding and taxing (pun intended) experience. One reward that many retail employers give their employees is an in-store discount. As someone who worked in retail before, this discount was a wonderful supplement to my minimum wage income. But now, this discount will become more of a burden than it's worth. Why you ask? Because the government has decided that employee discounts should be viewed as taxable benefits."
https://fee.org/articles/youll-never-guess-what-canada-has-decided-to-tax/
Anyone who works in retail knows that it can be both a rewarding and taxing (pun intended) experience. One reward that many retail employers give their employees is an in-store discount. As someone who worked in retail before, this discount was a wonderful supplement to my minimum wage income. But now, this discount will become more of a burden than it's worth. Why you ask? Because the government has decided that employee discounts should be viewed as taxable benefits."
https://fee.org/articles/youll-never-guess-what-canada-has-decided-to-tax/