Nancy's employer provide him with a $200 non-cash wedding gift and a $700 non-cash gift as an award for 10 years service. There will be no inclusion in Nancy's income for gifts.

True OR False

One of the advantages of being classified as a self-employed contractor is that you have a wide range of available tax deductions

True OR False

The standby charge on an automobile provided by an employer to an employee will always be equal 2% of the cost of the car for each month of availability.

True OR False

When an employer pays the life insurance premiums for an employee it constitutes a not taxable benefit.

True OR False

If you are an independent contactor rather than an employee, you do not have to make CPP contributions.

True OR False