Personal Finance

Corporate Business Expense and Personal Income Tax

  • Last Updated:
  • Jul 16th, 2020 4:29 pm
[OP]
Sr. Member
Dec 11, 2013
635 posts
569 upvotes
Toronto

Corporate Business Expense and Personal Income Tax

If my company let's me buy a new laptop and re-reimburses me as a business expensive, do I have to declare the value as income if I'm keeping it?
2 replies
Deal Addict
User avatar
Dec 24, 2007
1676 posts
2112 upvotes
BC
Anything of value received from an employer is a taxable benefit and you would include the Fair Market Value of the asset unless the value of the item is trivial.

CRA policy on taxable benefits
[OP]
Sr. Member
Dec 11, 2013
635 posts
569 upvotes
Toronto
OK thanks. That's how I read it too, but I'm no expert.

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