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13
DEC
2012

Premiums Become Taxable Benefits January 2013

Premiums Become Taxable Benefits Effective January 2013

Employer Paid AD&D and Critical Illness Premiums Become Taxable Benefits Effective January 2013

As a reminder, on March 29, 2012 the Federal Government announced that employer-paid premiums for Accidental Death & Dismemberment (AD&D) and Critical Illness (CI) will become taxable benefits effective January 2013.

 If these premiums are paid by the employer they must be shown on the employee’s pay as income.

 

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