Ask an expert

A look at issuing an ROE for pay period changes, transferring payments to an RRSP
By Annie Chong
|Canadian Payroll Reporter|Last Updated: 09/30/2014

Question: We provide our employees with a group plan for critical illness insurance. We pay the premiums for the plan. Is this a taxable benefit to the employees?


Employer-paid premiums for group critical illness insurance plans are a taxable benefit to the employees if the plans’ benefits are paid as a lump sum or if the benefits are not related to a loss of employment income.