TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

---

Q: I only earn employment income. My company provides a shared driver to send me and my colleagues to meet different clients for business purposes every day. Is this a taxable benefit that needs to be declared in our Form EA?

A: Where a driver is provided, the value of this benefit should be declared as a gross employment income in the Form EA. However, if a driver is not specifically assigned to any employee and instead comes from a pool of drivers provided by the employer solely for business purposes, no benefit will be taxable on the employee or to be declared in the Form EA. 

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

Subscribe To Our Newsletter To Get Weekly Dose of Tax Knowledge!

Email:

We respect your email privacy