Which one of the following benefits received from an employer would NOT result in a taxable benefit to the employee?
A) An allowance of 45 cents per kilometer for driving on employer business.
B) An interest free loan used to acquire shares of the employer.
C) Employer paid life insurance premiums for $20,000 of employee coverage.
D) Use of the employer's vehicle which is used 95% for employment purposes.
Correct Answer:
Verified
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