Tax Impact of Subsidized Tuition

The Canadian Income Tax Act dictates that any subsidized courses or training will be deemed a TAXABLE BENEFIT to the employee unless it is specific employment-related training that primarily benefits the employer.

Employees have to complete the Taxable Benefit Waiver Form to justify that the course taken is for the maintenance or upgrading of employment-related skills and NOT a personal interest course.Taxable Benefits for courses taken between 1^st January, 2013- 30^th June, 2013 will be processed on pay dated 23^rd August, 2013; consequently taxable income and income tax will both increase substantially unless the Taxable Benefit Waiver Form has been submitted to Payroll on or before 2^nd August, 2013.

Please contact your manager and/or your designated Payroll Officer for additional details.