Premiums Become Taxable Benefits January 2013
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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.