Driving home the need to understand automobile benefits

Improper assessment of taxable benefits and allowances

Payroll can be a challenging job with dozens of laws to obey and rules to follow. One area that can present difficulties is taxable benefits.

"One of the most common compliance issues identified by the Canada Revenue Agency (CRA) and Revenu Qu├ębec in organizational audits is improper assessment of taxable benefits and allowances, or excluding taxable benefits from employment income," the Canadian Payroll Association said in a recent news release.

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