Member Event

Tax Deductions for Employee Benefits, Allowances and Gifts

Tuesday, November 18, 2014
Entrepreneurship Manitoba Boardroom
3:00 pm – 5:00 pm

Are you uncertain about tax deductions for Christmas party expenditures, employee gifts, bonuses or performance awards? Does your business provide financial support to employees for taking evening courses, joining a fitness facility, or becoming a member of a professional or industry association? Do you allow employees personal use of a company vehicle or provide lunch or supper meals to employees?

This seminar will support employee remuneration decisions by providing information on:

• The deduction status and limits for commonly provided employee perks
• Benefits that are taxable to your employee and must be T4’ed
• Employee reimbursements and tax-free allowances
• The tax advantage of a tax-free allowance vs. additional salary/bonus
• Deductions/benefits when employee have business mileage/travel.
• Rules for deduction of premiums for group insurance and disability plans

Business owners who are including in employee remuneration schemes any benefits, reimbursement of expenses or gifts/awards in addition to hourly wages or monthly salaries.

Entrepreneurship Manitoba Boardroom
250-240 Graham Avenue
Winnipeg, MB