Line 104 - Taxable benefit for premiums paid to cover you under a group term life insurance plan

A group term life insurance policy is a policy where the only amounts payable by the insurer are policy dividends, experience rating refunds, and amounts payable on the death or disability of an employee or former employee.

Your employer calculates the taxable benefit for premiums paid to cover you under a group term life insurance plan. The benefit is reported on a T4 slip for current employees (see Line 101), or on a T4A slip, for former employees.

For more information on the calculation, contact the payer.

Completing your tax return

Enter on line 104, the amount shown in box 119 of your T4A slips.

Forms and publications

• General Income Tax and Benefit Package - Guide, return and schedules