A prepaid card issued by a financial institution to certain payment card networks (for example, MasterCard, Visa and American Express) that can be used to pay for purchases.A gift card that does not meet all conditions for the card to be considered non-cash.Something easily converted to cash such as bonds, securities, or precious metals/jewels.This includes reimbursements, where the employee selects and purchases something and then submits a receipt to the employer, receiving cash in return. Cheques which can be taken into any store or bank and deposited or spent as the employee wishes.The CRA's administrative policy does not apply if you provide an employee a gift or an award and it is considered cash or near-cash. Situations Situation: Gifts or awards you provide to your employees considered cash or near-cash Update to CRA administrative policy If you give your employee a non-cash gift or award for any other reason, the CRA’s administrative policy does not apply and you have to include the fair market value (FMV) of the gift or award in the employee’s income. What is a "reward"Ī reward is provided to your employees for performance-related reasons and is a taxable benefit for the employee. Generally, a valid, non-taxable award has clearly defined criteria, a nomination and evaluation process, and a limited number of recipients. It is recognition of an employee's overall contribution to the workplace, not recognition of job performance. What is an "award"Īn award has to be for an employment-related accomplishment such as outstanding service, or employees' suggestions. What is a "gift"Ī gift has to be for a special occasion such as a religious holiday, a birthday, a wedding, or the birth of a child. Generally, gifts, awards and long-service awards you provide to your employees are taxable.ĭepending on your situation, the benefit arising from certain non-cash gifts and awards may not be taxable under the CRA's administrative policy. Withhold payroll deductions and remit GST/HST. ![]() The changes identified by the tags are effective Januand is identified with: Printed Colours may vary from what you see due to different device and screen settings.Content has been updated for clarity, completeness and plain language. Think of it as a custom bed made of cardboard that they can relax in on their journey through the postal system. This means that when you get your product, you can stare at it lovingly knowing it was made with the utmost care.ĬAREFULLY PACKAGED: Due to the somewhat fragile nature of ceramics, our mugs are carefully packaged into cardboard containers to ensure they arrive at your door in pristine condition. HAND CRAFTED: All our mugs are designed and printed in-house using quality inks and a lot of love. When it comes to washing it out, no worries, stick it in the dishwasher, it can take it. They can also be used for other things too like storing pens in and temporarily housing goldfish (although we don't recommend that)ĭISHWASHER AND MICROWAVE SAFE: Pop this bad boy in the microwave and you're gonna have no issue with cracking or shattering, meaning you can warm up as many cuppas as you want, and even make cakes in it (if you don't know, look it up). Everyone enjoys a cuppa, so if you're struggling to find that perfect present, get them a mug to sip from. ![]() ![]() THE PERFECT GIFT IDEA: Mugs are great gift ideas, suitable for any occasion. Perfect for your boss, manager, wife, husband, or anyone else who loves a bit of banter. ![]() What a joke of a mug! Get this for someone in your life who loves a good power trip, but maybe needs bringing down a peg or two.
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