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

Answer

Brief Explanations:

Premiums paid to a private health - care plan are generally considered taxable fringe benefits under ITA 6(1)(a). Premiums paid to public health - care plans are usually non - taxable as they are part of the general public system. Employer contributions to a Registered Pension Plan are also non - taxable in most cases as they are regulated and have specific tax - free status provisions. Premiums paid to a group sickness plan are often non - taxable as well.

Answer:

A. Premiums paid to a private health care plan