Keeping taxes out of a flexible benefits planA look at the tax implications of offering employees flexible benefitsBy Christopher Newton09/08/2003|Canadian HR Reporter|Last Updated: 10/02/2003 Properly designed, a flexible benefits plan offers the dual advantage of delivering employee benefits with maximum flexibility and tax effectiveness. However, if the plan design runs afoul of the Income Tax Act, employees and employers may suffer adverse tax consequences. Granting flex credits to employees will not confer a taxable benefit, provided certain criteria are met. When an employee uses flex credits to select options under the plan, she may receive a taxable benefit, depending on the option chosen. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.