Canadian immigrants do not need to pay tax on these incomes. In Canada, paying taxes in accordance with the law is a citizen's obligation. Therefore, it also ensures high welfare for the entire society. However, these 9 categories of income are not taxed in Canada! 1. Tax-free income is a non-cash gift not exceeding 500 Canadian dollars. For example, Christmas gifts, birthday gifts, or gifts for anniversaries such as working for 25 years, etc., do not need to pay tax as long as they do not exceed 500 Canadian dollars.
2. Tax-free income is catering subsidies. Companies often provide catering subsidies of tens of Canadian dollars a day to employees on business trips, or to employees who work overtime. Starting in 2009, the Canadian Internal Revenue Service no longer treats these subsidies as income subject to tax. However, one restriction is that the overtime meal subsidy cannot exceed 17 Canadian dollars per person per time.
3. Reward points from airlines and credit card companies are not taxed. If your work requires frequent business trips, use your own credit card to pay for air tickets, hotel rooms, car rentals, etc. Although the company will reimburse everything in the end, the accumulated reward points from the airline and credit card company are yours; you can use the airline There is no need to pay taxes if you exchange reward points with credit card companies for free flights, free hotels, or free products.
4. There is no need to pay taxes on the college scholarships given by your employer to your children. Although your child who receives a financial aid needs to declare it as taxable income, in most cases your college-going child's annual income will not reach the level that requires taxation.
5. The money from the personal medical service account set up by the employer for employees is not taxable; however, if you live in Quebec, this income must be reported when paying provincial tax.
6. It is the moving expenses. If you need to move for work, and the company reimburses and pays your moving expenses (including moving expenses, car rental expenses, hotel expenses, catering expenses, real estate economic expenses for selling the house, and loss expenses for selling the house at a low price (not exceeding 15,000 Canadian dollars), notary fees when buying a house, fees for early termination of a mortgage or rental contract, etc.), these reimbursed expenses are tax-free.
7. There is no tax on club membership fees. If your boss pays you dues for a certain club, as long as the purpose of participating in the club activities is for the benefit of the company, you do not need to declare it as personal tax income. If the employer provides fitness equipment owned by the employer to employees for use, this does not require a tax return.
8. Use the computer issued by the company to take home and use it yourself. As long as the computer is mainly used to work for the boss and other employees can also use it, there is no need to file a tax return.
9. There is no need to pay tax on the clothing provided by the company.