What is Box “40″ on the T4 Slip?
These are taxable benefits: benefits that UBC pays on behalf of employees. Anything that is marked with an asterisk (*) on your paystubs is a taxable benefit, such as Medical Insurance, Basic Group Life, Tuition Waivers, Housing Allowances, etc. A breakdown of each individual benefit is not included on the T4. Please refer to your paystubs, tuition waiver records, etc.