Each year as employers complete T4s for their employees, we are asked about the taxability of the various benefits in their group benefits plan.
When setting up a group benefits plan, it is important for employers to understand the manner in which this affects employee payroll deductions.
The following explanation is offered to help you understand this area of the employee Group Benefit Program in Ontario. However, it should be noted that we do suggest you consult your accountant on all important taxation issues.
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- Group Life Insurance
- Dependent Life
- Health, Dental, Vision Care and Health Care Spending Account
- Short and Long Term Disability