Is there a taxable benefit?

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Is there a taxable benefit?

Answer

The item does not fall under the gifts or awards policy.

Note the full fair market value of the item in Column C. Include the value of the GST/HST and provincial/territorial tax, if applicable.

Calculating fair market value of gifts and awards
Item Column A – FMV of the Gift or Award Column B – FMV of the Long Service Award Column C – FMV when item falls outside our gifts and awards policy

You have told us:

  • The item does not qualify as a valid gift or award.

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Date modified:
2016-12-08