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EMPLOYER’S CONTRIBUTIONS TO GROUP INSURANCE PLANS
 
 
INSURED BENEFITS FEDERAL INCOME TAX QUEBEC INCOME TAX
 
PARTICIPANT’S LIFE
INSURANCE
TAXABLE
Including Quebec Sales Tax
on Insurance and Ontario
Sales Tax
 
TAXABLE
Including Quebec Sales Tax
on Insurance
DEPENDENT’S LIFE
INSURANCE
TAXABLE
Including Quebec Sales Tax
On Insurance and Ontario
Sales Tax
 
TAXABLE
Including Quebec Sales Tax
On Insurance
ACCIDENTAL DEATH &
DISMEMBERMENT
Non-taxable TAXABLE
Including Quebec Sales Tax
On Insurance
 
WEEKLY INDEMNITY Non-taxable TAXABLE
Including Quebec Sales Tax
On Insurance
 
LONG TERM DISABILITY INCOME
 
Non-taxable  
HEALTH CARE
INCLUDING TRAVEL
ASSISTANCE
 
Non-taxable TAXABLE
Including Quebec Sales Tax
On Insurance
DENTAL CARE Non-taxable TAXABLE
Including Quebec Sales Tax
On Insurance
 
 
NOTICE

Information in this communiqué is of a general nature and should not be acted upon without appropriate professional advice. It is our understanding of the regulations; however, Group Lockhart does not take responsibility for them since it is up to the Taxation Authorities to review any particular employer or employee’s tax return.

 
 

 
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