Debt waiver fringe benefits

You provide a debt waiver fringe benefit if you do not require your employee to repay a debt.

For example, if you sell goods to an employee and later tell them they are not required to pay the invoiced amount, you have provided a debt waiver fringe benefit.

However, an employee debt that you write off as a genuine bad debt is not a debt waiver fringe benefit.

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Last modified: 23 Jan 2015QC 43860