IMA-Canada Council - Tax Committee

The role of the tax committee is to try and gain a sense of clarity and understanding as to how Revenue Canada (CCRA) interprets and administers tax laws with respect to employee recognition and rewards programs. The following is a letter that IMA submitted to CCRA in Oct. 2006 requesting clarification on the following subject matters:

CCRA Oct 2006 Request >> (228 KB)

• Service charge deductions
• Fair market value of awards

We have also attached the CCRA response in November 2006 for your information and review.

CCRA Nov 2006 Rulings >> (208 KB)

The role of the tax committee, going forward, will be to try and establish a dialogue with the Ministry of Finance on behalf of key industry groups including IMA, NAER (National Association of Employee Recognition), PPAC, etc. The dialogue will revolve around current policies and laws and we will look to utilize our collective resources as an Industry in order to influence future government decisions.

Ron Benegbi
Chair Tax Committee
VP, IMA C-C