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Canadians: Are you getting your tax-free gift this year?
See http://www.cra-arc.gc.ca/newsroom/fa...c/gifts-e.html
Employers can give each employee up to $500/year in a non-cash gift. The gift is not taxed in the hands of the employee, and can be written off by the employer. Pretty cool! My wife and I have been taking advantage of this for the past few years, and I thought I should share! |
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