Quote:
Originally Posted by Mike F
Just a heads up, but depending on how the collection of air miles occurs (eg. if the miles are collected by the business) and how they are used (eg. by you, the business employee, personally) the reward you cash the points in for could be deemed a taxable benefit from employment.
Be sure to check with an accountant (the above was base on a fuzzy recolection from a tax class).
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Oh, it's taxable.
How many people declare it, however? If they started clamping down on this, I'd venture a guess that there'd be millions of Canadians who are offenders.