The federal government is considering taxing employer-paid health and dental benefits. In addition to hundreds or thousands of dollars that would be added to Canadians’ tax bills, it also means that many employers will no longer provide coverage to employees. When a similar tax was introduced in Quebec, 20% of employers dropped health and dental benefits for employees. Studies suggest the removal of this tax benefit across the board could result in a decrease of 50% of small firms who will be able to offer health benefits.
The Dufferin Board of Trade will be sending a letter to the MP for Dufferin-Caledon as well as the Minister of Finance. We encourage you to do so also.