Did You Know
That employer paid education and training costs may not be a taxable benefit to the employee and are deductible to the employer? Courses which are taken for maintenance or upgrading of employer related skills with generally be non-taxable to the employee and deductible to the employer. For example, fees and other costs such as meals and travel paid for courses leading to a degree, diploma, or certificate in a field related to the employee's current or potential future responsibilities in the employer's business.
Other business related courses will generally be considered non-taxable to the employee and deductible to the employer. For example, courses related to stress management, first-aid, and language skills.
However, employer paid courses for personal interest or technical skills that are not related to the employer's business will be taxable to the employee.
Careful planning with a Chartered Professional Accountant is warranted. Contact Keith Anderson, BCom, CPA, CA-IT, CITP at (780) 447-5830 if you need advice.
Legal Notice And Disclaimer