the income tax act ita 6 describes taxable benefits that are included in the calculation of employment…

the income tax act ita 6 describes taxable benefits that are included in the calculation of employment income and 6(1)(a) describes various fringe benefits that are taxable but also indicates which fringe benefits are not taxable. which of the following fringe benefits, provided by an employer, is a taxable benefit pursuant to ita 6(1)(a)? a. premiums paid to a public health care plan b. premiums paid to a group sickness plan c. premiums paid to a private health care plan d. contributions (made by the employer) to a registered pension plan

the income tax act ita 6 describes taxable benefits that are included in the calculation of employment income and 6(1)(a) describes various fringe benefits that are taxable but also indicates which fringe benefits are not taxable. which of the following fringe benefits, provided by an employer, is a taxable benefit pursuant to ita 6(1)(a)? a. premiums paid to a public health care plan b. premiums paid to a group sickness plan c. premiums paid to a private health care plan d. contributions (made by the employer) to a registered pension plan

Answer

Brief Explanations:

Under ITA 6(1)(a), premiums paid to a private health - care plan are taxable fringe benefits. Premiums paid to public health care plans, group sickness plans, and employer contributions to a Registered Pension Plan are generally non - taxable.

Answer:

C. Premiums paid to a private health care plan