February 29, 2024
Corporate CPAs
Employers who are GST/HST/QST registrants must pay/remit GST/HST/QST on certain taxable benefits provided to their employees (notably on taxable (other than zero-rated) goods and services made available to employees). The total or partial value (including GST/HST/QST, where applicable) of these benefits must be included in the calculation of employees’ taxable income. In addition, GST/HST/QST must be included in the employer’s net tax calculation.
Under normal circumstances, GST/HST/QST calculated on taxable benefits granted to employees are payable on the last day of February of the year following the year in which the taxable benefits were offered to employees. As an employer, you must therefore report the GST/HST/QST due on the return for the period including the last day of February following the taxation year in which the benefits were granted.
