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. contributions (made by the employer) to a registered pension plan b. premiums paid to a public health care plan c. premiums paid to a private health care plan d. premiums paid to a group sickness 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. contributions (made by the employer) to a registered pension plan b. premiums paid to a public health care plan c. premiums paid to a private health care plan d. premiums paid to a group sickness plan

Answer

Brief Explanations:

Under the Income Tax Act ITA 6(1)(a), contributions by an employer to a Registered Pension Plan are generally not taxable benefits. Premiums paid to public health - care plans are also non - taxable. Premiums paid to a private health care plan are considered a taxable fringe benefit as they provide a personal benefit to the employee that is not exempted. Premiums paid to a group sickness plan are often non - taxable.

Answer:

C. Premiums paid to a private health care plan