Cash taxable allowance-cash taxable benefit

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Reference no: EM132964003

Understanding the difference between a cash taxable allowance, a cash taxable benefit and a non-cash taxable benefit is critical when explaining the calculation of net pay to an employee.

Explain whether each allowance and benefit is or is not subject to Canada/Québec Pension Plan (C/QPP) contributions, Employment Insurance (EI) premiums, Québec Parental Insurance Plan premiums and income tax.

An example of a cash taxable allowance, a cash taxable benefit and a non-cash taxable benefit.

Reference no: EM132964003

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