Your organization, located in Manitoba, will be enhancing the group benefits plan offered to employees in two months by adding accidental death and dismemberment (AD&D) coverage and vision care coverage. The organization will pay 50% of the cost of the AD&D premiums and 50% of the cost of the vision care premiums, with the employees paying the other 50% of each premium.
Answer of the following questions:
-What is vision care coverage?
What type of allowance or benefit would this be (cash or non-cash? Taxable or non-taxable?)
What amount would be included in the employee’s income?
What impact would this have (if any) on any statutory deductions for employees?
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