Employment income is the salary, wages, and other remuneration, including gratuities, that are receivable by an individual during the year. True or False? If properly constructed, bonus arrangements can result in tax deferral for employees. True or False? One of the advantages of being an independent contractor rather than an employee is that you do not have to make CCP contributions. True or False? Employers generally prefer contracting out as it avoids the cost of CPP and EI contributions. True or False? Payments by employers of premiums on life insurance for employees are not taxable benefits True or False? When an employee pays all of the premiums for disability insurance coverage, the payments are not deductible and the benefits received are tax free. True or False? Payments by employers to private health care plans are not taxable benefits and any benefits received under such plans are tax free. True or False