Question: Write a detail note to differentiate between a cash allowance, a cash taxable benefit and a non-cash taxable benefit. It is really vital when explaining

Write a detail note to differentiate between a cash allowance, a cash taxable benefit and a non-cash taxable benefit. It is really vital when explaining the calculation of net earnings to an employee. Explain whether each allowance and benefit is or is not subject to Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums and income tax. Provide two examples of a cash allowance, a cash taxable benefit and a non-cash taxable benefit.

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