The CRA considers discounts to be taxable in all of the following situation : Question 17 options: ´An employer make an arrangement that allows an employee to buy merchandise (other than old or soiled merchandise) for less than the cost ´An employer make a reciprocal arrangement with one or more other employers so that employees of one employer can buy merchandise at a discount from another employer. ´An employer make a special arrangement with an employee or a group of employees to buy merchandise at a discount All of the above Question 18 (1 point) When an employer transfer an employee from one of the employer's places of business to another, the amount they pay or reimburse the employee for certain moving expenses is usually not a taxable benefit; This includes Question 18 options: Any amounts an employer incurred to move the employee The employee's family, and their household effects. This also applies when the employee accepts employment at a different location from the location of their former residence All of the above Question 19 (1 point) If an employer provide standby airline passes to a current airline employee for their personal travel, there is no taxable benefit for the employee Question 19 options: True False Question 20 (1 point) If an employer pay for or provide their employee with public transit passes, it is usually a taxable benefit for the employee. Public transit includes : Question 20 options: Commuter Train Bus Subway All of the above Question 21 (1 point) An employee may use one of your vehicles for purposes other than business. The personal use of the vehicle is considered a taxable benefit for the employee Question 21 options: True False Question 22 (1 point) If an employer pay any amounts to an employee as an educational allowance for the employee's child, it has to be included in the employee's income for the year. Question 22 options: True False Question 23 (1 point) If an employer provide space-confirmed airline passes to a current airline employee for personal travel, the passes are a Question 23 options: Not a Taxable Benefit Taxable benefit None of the above Question 24 (1 point) If an employer provide free or subsidized school services in remote areas for the employee's children, the employee does not receive a taxable benefit. Do not deduct : Question 24 options: CPP contributions EI premiums Income Tax All of the above Question 25 (1 point) Board and lodging : If an employer provides an employee, including the superintendent of an apartment block, with a house, apartment, or similar accommodation rent free or for less than the fair market value (FMV) of such accommodation, there is a taxable benefit for the employee. Question 25 options: True False Question 26 (1 point) Independent contractors and freelancers do not personally have to carry out the work for which they have been hired. They can hire another party to complete all or part of the work required under which of the determining factor : Question 26 options: Control Subcontractor and Assistants Financial Risk Tools & Equipment Question 27 (1 point) Employees- The payer has direct and effective control of how and when the work is carried out. Self Employed- Client has no or only limited control over how and when the work is done. Question 27 options: True False Question 28 (1 point) An employee must file income tax return by April 30 however, an independent contractor must file income tax return by June 15, but any income tax owing is due April 30. Question 28 options: True False

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Answers to your tax questions Question 17 All of the above The CRA considers discounts taxable in all three situations you described This is because t... View the full answer