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  • Debt waiver fringe benefits

    If an employer waives an employee's debt (that is, doesn't require repayment) they will have provided a debt waiver fringe benefit.

    For example, if the employer sells goods to an employee and later tells them they're not required to pay the invoiced amount, they have provided a debt waiver fringe benefit.

    However, an employee debt that the employer writes off as a genuine bad debt doesn't amount to a debt waiver fringe benefit.

    See also:

    Last modified: 29 Mar 2019QC 43860