Driving home the need to understand automobile benefitsImproper assessment of taxable benefits and allowancesBy Sheila Brawn04/10/2015|Canadian Payroll Reporter|Last Updated: 04/10/2015 Payroll can be a challenging job with dozens of laws to obey and rules to follow. One area that can present difficulties is taxable benefits. "One of the most common compliance issues identified by the Canada Revenue Agency (CRA) and Revenu Québec in organizational audits is improper assessment of taxable benefits and allowances, or excluding taxable benefits from employment income," the Canadian Payroll Association said in a recent news release. "In fact, on the most recent list of top 10 CRA audit adjustments, seven out of 10 of the most commonly requested adjustments to an employer’s payroll are related to taxable benefits not being correctly reported," it added. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.