Benefits under the Income Tax Act

  • Frank D. Jones

Abstract

The Department of National Revenue, realizing that the more ''fringe benefits" a person receives the less taxable income he requires in order to maintain the same standard of living, has inserted sections in the Income Tax Act aimed at taxing such "benefits." In this article Professor Jones examines the effect of the wording of sections 5 and 16 on the taxability of such "benefits".
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