Are there any perks that I can receive as an employee?

There are a number of "perks" that your employer could provide to you that would be treated as a taxable benefit (i.e. income inclusion) on your T4 at the end of a calendar year. The benefit to you is that you only pay the income tax on the income inclusion & not the entire cost of the benefit itself.

For a list of possible taxable benefits that an employer can provide, please click on the link below.

Is there anyway I can reduce the amount of tax taken on each pay I receive?

If in certain situations, you can request to lower your taxes withheld from your pay.

Examples of such situations would include:

  • Child care expenses
  • Support payments
  • RRSP contributions
  • Charitable donations

Click on the link below to obtain more detail.