Business owners often offer various employee incentives to encourage workers to join them and, once there, boost team spirit and a sense of belonging. During a recent tax conference, Canada Revenue Agency was asked about a number of specific employee perks and what the tax consequences of offering such benefits to employees would be, both from the employer’s point of view (i.e., tax deductibility) and the employee’s position (i.e., whether it’s a taxable benefit from employment.) Specifically, the CRA was asked about: after-work cocktails, team lunches, a relaxation area for employees with pool tables and arcade games, free bicycle parking and personal athletic coaching for employees, such as long distance running training.
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