Gift certificates & the Tax Man
Thinking of giving your Staff Gift Certificates?
Think again. CRA views Gift Certificates as ‘near cash’ making that gift a taxable benefit to the employee. Instead, buy them a thoughtful gift under $500, then they get the full benefit of the gift, not the tax man.
Even better, if you buy local, your employees can always return the gift and choose something else!
Wishing you and your staff a wonderful Holiday Season!