In the past, the CRA had allowed employees to direct all or part of a bonus toward an HCSA without having to include that amount in employment income, thus escaping taxation on that portion of the bonus.Īlthough the CRA has given no specific reason for this change in policy, CRA representatives have said that the agency recently had re-examined its administrative position and arrived at a different conclusion regarding this matter. The CRA announced this change to its administrative policy regarding bonuses and HCSAs at the annual conference of the Canadian Tax Foundation, held in Montreal in November 2011.
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