Gov't of Canada targeting retail workers with employee discount tax

[Guido]

Why are they going after the little people again. Remember when they hired tons of new employees to go after the smart money overseas like the Cayman islands. Wasted millions on labor with very little return?.

Then, CP24 was saying that over 42% will vote liberal again. You liberal voters sure like getting it up the arse.

Gov't of Canada targeting retail workers with employee discount tax | CTV News

 

[Creepy]

They (we) will find loopholes and ways not to pay.

 

[Canada-Man]

how will this discount tax work?

 

[Guido]

how will this discount tax work?

They are reviewing it.

The federal government says it’s reviewing a Canada Revenue Agency guidance document that says employee discounts are now considered taxable benefits.
A spokesperson for Revenue Minister Diane Lebouthillier confirmed that her office is reviewing the document, which appears in the latest version of the tax folio from the Canada Revenue Agency.

“Our Government recognizes the important role that the retail sector and those working in it play in our communities and in our economy," Lebouthillier said in a statement Tuesday. "There have been no changes to the laws governing taxable benefits to retail employees. We are not targeting individuals working in retail.

The Agency issued a guidance document to mainly provide assistance for employers and is committed to further clarifying the wording of the guidance to reflect this.”
In an earlier statement, Lebouthilier said the goal of her office is to ensure it does not “impose additional administrative burdens on businesses.”
The measure sparked a firestorm of criticism on Monday from Conservative critics and business leaders.

The document says employee discounts would be counted as income, and the value of that discount would need to be taxed at “equal to the fair market value of the merchandise purchased, less the amount paid by the employee.” Exceptions would only be made on discounts that are afforded to some members of the public at some point during the year.
Conservative finance critic Pierre Poilievre was among those who loudly condemned the policy, accusing the Liberals of targeting “those who can least afford to pay more.”
Conservative Deputy Leader Lisa Raitt said the move would amount to “picking the pocket of minimum wage earners.”

Aaron Wudrick of the Canadian Taxpayers Federation called the move “a triumph of bureaucratic pettiness over common sense.”

 

[Canada-Man]

this is no different from a restaurant owner stealing tips from waiters and waitresses

 

[Baz]

Liberal brass has come out and said this is false and they will not be going after retail discounts

 

[Maurice Boscorelli]

Liberal brass has come out and said this is false and they will not be going after retail discounts

Well lets hope so Baz because this doesn't really make much sense too me.

 

[papasmerf]

Well lets hope so Baz because this doesn't really make much sense too me.

Remember this you are not paying a discounted price....Rather yu are paying actual Market Value....Not the inflated Market Price.

No discounts offered.

 

[Senor Gomes]

Liberal brass has come out and said this is false and they will not be going after retail discounts

When did you change your name and why?. I liked the other one.