New tax rules for northern allowances
CIM Bulletin, Vol. 80, No. 901, 1987
ROBERT B. PARSONS, C.A., Partner Price Waterhouse, Toronto
Starting January 1, 1987 employers, employees, and other taxpayers are confronted with a new set of rules dealing with the taxation of travel and housing benefits relating to isolated posts in Canada, and tax deductions relating thereto. The new rules may not be the simplest in the world, but they are reasonably fair and at least offer a hitherto unknown degree of certainty as to how such allowances are to be treated.
