Most Canadians not expecting bonuses

November 20, 2013 5:17 PM

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Most Canadians not expecting bonuses

If you're getting a holiday bonus, you are one of only 17% of Canadians looking forward to the extra cash, a new poll finds.

As well, less than half of workers - 44% - say their company will throw them a holiday party this year.

For those who get a gift as a bonus, the poll finds most do not realize it could be considered taxable income.

The H&R Block survey found just 10% knew holiday parties hosted by their employer are taxable if the cost per person exceeds $100, excluding transportation and accommodation.

"Employers are allowed to give employees a maximum of $500 in non-cash gifts over the year before taxable benefits kick-in," a release about the survey said.

The online survey polled 1,503 adult Canadians using Leger's online panel between Nov. 4 and 7. It has a margin of error of 2.5 percentage points.

Source: whitecourtstar.com

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