Health Benefits taxation for a Shareholder

Question

457 viewsMarch 1, 2023Accounting

0

Mariam (anonymous) Posted February 27, 2023

Hello Team,
I am a shareholder of a company, and withdraw dividends each month.
Also I have a group health benefits plan which is the same as all the employees of my company have. Please, advise what form/slip should I file to report my health benefits to CRA? And what code should i use?

1 Answer

score 0 · Answer 1 · 2023-03-01T21:10:05+00:00

Hi Mariam,

Group benefits (medical and dental) are not a taxable benefit, so long as you (shareholder) are also an employee and the benefits you receive are the same as the rest of the employees.

Health Benefits taxation for a Shareholder

1 Answer

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