Dear Members,
The Federal government is considering taxing employer provided health benefits. This means that members may have to pay increased income taxes on the benefit plans.
Traditionally, when employers provide health and welfare benefits (supplemental health), it is not treated as taxable income under the Income Tax Act. Employers pay premiums on behalf of workers and it is currently not considered a taxable benefit. Though, when employers provide life insurance policies in some cases, it is considered taxable under the Act.
The Canada’s Building Trades Union has partnered with the Canadian Dental Association and other health providers to spread awareness about this campaign.
Here is a letter that Robert Blakely, Canadian Operating Officer at Canada’s Building Trades Union, has sent to the Minister of Finance regarding the taxation of private health and dental benefits.
Please visit http://donttaxmyhealthbenefits.ca/ and support the campaign by filling in your information. Protect your union negotiated health benefits from taxation!
