It's that time of year again when T4’s need to be calculated and issued for employees.  Most employers use software programs which will automatically calculate the taxable benefits.  This works well on the assumption that the software has been set up correctly. Many Insurers also offer a report showing the calculated amount for employees' taxable benefits for Life and AD&D, and Critical Illness Insurance; these calculations are based on the actual premiums paid by the Employer as shown on the Insurer’s records. However, the…