Tax memo: Employee benefits and executive compensation: Draft legislative proposals released

View this page in: Français

Memo No. 2012-34

On August 14, 2012, the Department of Finance (Finance) released draft legislative proposals that implement tax measures announced in the March 29, 2012 federal budget. Explanatory notes were also released.

This Tax memo discusses the draft legislative proposals in respect of employee benefits and executive compensation. Specifically, it considers proposals that affect:

  • group sickness and accident insurance plans;
  • retirement compensation arrangements;
  • employee profit sharing plans; and
  • registered disability savings plans.