What is taxable income?

Get it because of job → taxable

Pay because of job → not deductible 

Salary + Bonuses + Benefits - Allowed Deductions = Employment Net Income

Employees taxed on a cash basis

If employer delays payment of bonus by 3+ years, it becomes taxable in the year it was declared

Benefits: added on top of salary

Some are taxable, some are not

Taxable benefits are included in your income

E.g. cash gifts or awards, severance payments, company merchandise

Non-taxable benefits generally don’t get included in your income

E.g. health and dental plans, contributions to RPP or CPP

Allowances are taxable unless reasonable set by CRA, e.g. using car for your job