Question point
Better Places Ltd sells cleaning supplies. The company is considering
implementing new employee benefits. Which of the following statements about the
taxation of the proposed benefits to the employees is true?
If Better Places offers loans at rates below the CRA's prescribed rates, the loans
are not considere a taxable benefit to the employee.
Better Places could supply a fithess flub membership worth $ to
all employees without this being cnsidered a taxable benefit.
Better Places could supply a builtin vacuum system worth $ to an employee
in recognition of a fiveyear term of service every five years without this being
considered a taxable benefit.
None of the answers.
If Better Places paid premiums under a private health services plan for
the employee, a taxable benefit would result.
